Aberdeen Group plc Purchases 64,445 Shares of 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 position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 91.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,668 shares of the industrial products company's stock after acquiring an additional 64,445 shares during the quarter. Aberdeen Group plc owned 0.09% of Stanley Black & Decker worth $10,168,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SWK. Raymond James Financial Inc. bought a new position in Stanley Black & Decker in the fourth quarter valued at $15,607,000. Rockefeller Capital Management L.P. boosted its position in Stanley Black & Decker by 5.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 14,802 shares of the industrial products company's stock valued at $1,189,000 after buying an additional 828 shares during the period. XTX Topco Ltd purchased a new stake in Stanley Black & Decker during the fourth quarter valued at about $286,000. Guggenheim Capital LLC boosted its position in Stanley Black & Decker by 10.3% during the fourth quarter. Guggenheim Capital LLC now owns 18,267 shares of the industrial products company's stock valued at $1,467,000 after buying an additional 1,703 shares during the period. Finally, Jump Financial LLC purchased a new stake in Stanley Black & Decker during the fourth quarter valued at about $632,000. Institutional investors own 87.77% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on SWK. The Goldman Sachs Group restated a "neutral" rating and set a $80.00 price target on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Wolfe Research upgraded shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. Barclays cut their price target on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. JPMorgan Chase & Co. dropped their target price on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a report on Monday, May 5th. Finally, Wells Fargo & Company increased their target price on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of "Hold" and an average price target of $89.40.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock opened at $76.2050 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average of $69.81 and a 200-day moving average of $71.69. The firm has a market cap of $11.80 billion, a P/E ratio of 24.19, a P/E/G ratio of 1.65 and a beta of 1.16. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.70. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. Stanley Black & Decker's revenue 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. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.83 per share. 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 4.4%. The ex-dividend date of this dividend is Tuesday, September 2nd. Stanley Black & Decker's payout ratio is 104.13%.

Stanley Black & Decker Profile

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.

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