45,000 Stanley Black & Decker, Inc. $SWK Shares Sold by Eastern Bank

Key Points

• Eastern Bank cut its Stanley Black & Decker stake by 93.4% in the third quarter, selling 45,000 shares and retaining 3,182 shares valued at approximately $282,000. Institutional investors and hedge funds collectively own 87.77% of SWK.
• Stanley Black & Decker reported quarterly EPS of $1.57, exceeding estimates of $1.21, while revenue reached $3.96 billion. The company raised its quarterly dividend to $0.84 per share, representing a 3.7% annualized yield.
• Analyst sentiment remains mixed: SWK has an average rating of “Hold” and an average price target of $93.38, compared with a recent share price of $89.96.

Eastern Bank decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 93.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,182 shares of the industrial products company's stock after selling 45,000 shares during the period. Eastern Bank's holdings in Stanley Black & Decker were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Stanley Black & Decker during the 2nd quarter worth $1,006,417,000. State Street Corp lifted its holdings in shares of Stanley Black & Decker by 5.0% in the second quarter. State Street Corp now owns 8,751,801 shares of the industrial products company's stock worth $823,720,000 after acquiring an additional 416,614 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Stanley Black & Decker by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,976,851 shares of the industrial products company's stock valued at $353,618,000 after purchasing an additional 92,573 shares in the last quarter. Clean Energy Transition LLP grew its holdings in shares of Stanley Black & Decker by 4.9% during the 4th quarter. Clean Energy Transition LLP now owns 2,936,073 shares of the industrial products company's stock valued at $218,092,000 after purchasing an additional 136,855 shares during the last quarter. Finally, Nykredit A S acquired a new position in Stanley Black & Decker during the 2nd quarter worth approximately $166,378,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

SWK stock opened at $89.96 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.53. The company's fifty day simple moving average is $95.31 and its 200 day simple moving average is $85.38. Stanley Black & Decker, Inc. has a 12-month low of $61.90 and a 12-month high of $104.68. The firm has a market cap of $13.59 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 1.33 and a beta of 1.17.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.36. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%.The company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the business earned $1.08 EPS. The firm's revenue was up .4% compared to the same quarter last year. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, analysts expect that Stanley Black & Decker, Inc. will post 5.58 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were given a dividend of $0.84 per share. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $3.36 annualized dividend and a dividend yield of 3.7%. Stanley Black & Decker's payout ratio is 81.95%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SWK. Weiss Ratings raised shares of Stanley Black & Decker from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Morgan Stanley set a $100.00 price target on shares of Stanley Black & Decker in a report on Tuesday. Wells Fargo & Company increased their price target on Stanley Black & Decker from $90.00 to $95.00 and gave the company an "equal weight" rating in a research note on Friday, September 11th. Wall Street Zen raised Stanley Black & Decker from a "buy" rating to a "strong-buy" rating in a report on Sunday, September 6th. Finally, Citigroup upped their target price on Stanley Black & Decker from $100.00 to $107.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Stanley Black & Decker has an average rating of "Hold" and an average target price of $93.38.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc is a global manufacturer of tools, outdoor power equipment and related storage solutions. Its products serve professional tradespeople, industrial customers and consumers across construction, maintenance, automotive, manufacturing and home-improvement markets.

The company's portfolio includes power tools, hand tools, fasteners, tool storage systems and outdoor equipment. Its principal brands include DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER and Cub Cadet, along with other brands serving professional and consumer applications.

Stanley Black & Decker traces its history to the founding of Stanley in 1843 and the establishment of Black & Decker in 1910.

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