Aberdeen Group plc Raises Stock Position in Stanley Black & Decker, Inc. $SWK

Key Points

• Aberdeen Group plc increased its holdings in Stanley Black & Decker by 91.8%, acquiring an additional 64,445 shares, bringing its total ownership to 134,668 shares valued at approximately $10.17 million.
• Stanley Black & Decker recently reported earnings of $1.08 per share, significantly exceeding analysts' expectations, but its revenue fell 6.2% year-over-year to $3.95 billion.
• The company plans to pay a quarterly dividend of $0.83 per share, marking an increase from its previous dividend of $0.82, with a yield of 4.4%.

Aberdeen Group plc boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 91.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,668 shares of the industrial products company's stock after acquiring an additional 64,445 shares during the period. Aberdeen Group plc owned 0.09% of Stanley Black & Decker worth $10,168,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Stanley Black & Decker by 1.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company's stock valued at $1,478,454,000 after purchasing an additional 246,800 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Stanley Black & Decker by 0.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,119,211 shares of the industrial products company's stock worth $239,805,000 after acquiring an additional 20,742 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Stanley Black & Decker by 29.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company's stock worth $201,497,000 after buying an additional 601,667 shares during the period. Ameriprise Financial Inc. grew its holdings in Stanley Black & Decker by 44.2% during the 4th quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company's stock worth $177,905,000 after acquiring an additional 679,359 shares during the period. Finally, Northern Trust Corp increased its holdings in Stanley Black & Decker by 8.4% in the fourth quarter. Northern Trust Corp now owns 1,438,911 shares of the industrial products company's stock worth $115,530,000 after purchasing an additional 110,980 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SWK has been the topic of several research reports. The Goldman Sachs Group reiterated a "neutral" rating and set a $80.00 price objective on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Wolfe Research raised shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. UBS Group reduced their target price on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Jefferies Financial Group set a $86.00 price objective on shares of Stanley Black & Decker and gave the stock a "buy" rating in a report on Monday, August 18th. Finally, JPMorgan Chase & Co. decreased their target price on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research report on Monday, May 5th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Stanley Black & Decker currently has an average rating of "Hold" and an average target price of $89.40.

Stanley Black & Decker Trading Down 1.3%

Shares of Stanley Black & Decker stock traded down $0.98 during trading on Monday, reaching $76.55. The company's stock had a trading volume of 2,191,416 shares, compared to its average volume of 2,261,619. The firm's 50-day moving average is $70.51 and its two-hundred day moving average is $71.29. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88. The company has a market cap of $11.85 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 1.71 and a beta of 1.16. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.70. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the company posted $1.09 EPS. Stanley Black & Decker's revenue for the quarter was down 6.2% on a year-over-year basis. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a $0.83 dividend. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.3%. Stanley Black & Decker's dividend payout ratio is presently 104.13%.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.