Stanley Black & Decker, Inc. Co (NYSE:SWT) Short Interest Down 54.9% in April

Stanley Black & Decker, Inc. Co (NYSE:SWT – Get Rating) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totalling 349,800 shares, a drop of 54.9% from the April 15th total of 776,100 shares. Based on an average trading volume of 102,800 shares, the short-interest ratio is currently 3.4 days.

Shares of Stanley Black & Decker stock traded up $0.37 on Friday, hitting $76.27. The company had a trading volume of 33,222 shares, compared to its average volume of 96,735. Stanley Black & Decker has a 52 week low of $74.71 and a 52 week high of $127.50. The business has a 50-day simple moving average of $86.83.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 16th. Investors of record on Friday, May 13th will be given a $1.3125 dividend. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $5.25 annualized dividend and a dividend yield of 6.88%.

Several large investors have recently modified their holdings of SWT. Russell Investments Group Ltd. grew its stake in Stanley Black & Decker by 5.2% in the 1st quarter. Russell Investments Group Ltd. now owns 5,246,100 shares of the company’s stock valued at $4,611,000 after buying an additional 258,100 shares during the last quarter. Nuveen Asset Management LLC bought a new position in shares of Stanley Black & Decker during the 4th quarter worth about $269,000. SSI Investment Management LLC lifted its holdings in shares of Stanley Black & Decker by 328.4% during the 1st quarter. SSI Investment Management LLC now owns 108,475 shares of the company’s stock worth $9,470,000 after acquiring an additional 83,155 shares during the period. Schroder Investment Management Group bought a new position in Stanley Black & Decker during the 4th quarter valued at about $9,067,000. Finally, Victory Capital Management Inc. lifted its holdings in Stanley Black & Decker by 6.8% during the 1st quarter. Victory Capital Management Inc. now owns 891,146 shares of the company’s stock valued at $75,278,000 after purchasing an additional 57,003 shares during the last quarter.

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