Algert Global LLC Sells 119,100 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

• Algert Global LLC reduced its Stanley Black & Decker stake by 94.8%, selling 119,100 shares and retaining 6,490 shares valued at approximately $611,000. Institutional investors collectively own 87.77% of the company.
• Stanley Black & Decker reported quarterly EPS of $1.57, beating estimates of $1.21, while revenue reached $3.96 billion. The company also raised its quarterly dividend to $0.84, equivalent to a 3.4% annual yield.
• SWK shares opened at $97.86, above the analyst consensus target of $92.25. Wall Street’s overall rating remains “Hold,” with three Buy, six Hold, and one Sell recommendation.

Algert Global LLC cut its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 94.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,490 shares of the industrial products company's stock after selling 119,100 shares during the period. Algert Global LLC's holdings in Stanley Black & Decker were worth $611,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Chapman Financial Group LLC bought a new stake in shares of Stanley Black & Decker during the 2nd quarter valued at about $26,000. CYBER HORNET ETFs LLC bought a new position in Stanley Black & Decker during the 2nd quarter worth about $28,000. Kovack Advisors Inc. acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth $28,000. Motiv8 Investments LLC purchased a new stake in shares of Stanley Black & Decker during the 4th quarter valued at $31,000. Finally, Compass Financial Management LLC acquired a new stake in shares of Stanley Black & Decker in the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Up 0.1%

SWK stock opened at $97.86 on Monday. The firm's fifty day moving average is $94.44 and its 200 day moving average is $83.68. The firm has a market cap of $14.78 billion, a PE ratio of 23.87, a P/E/G ratio of 1.31 and a beta of 1.16. Stanley Black & Decker, Inc. has a one year low of $61.90 and a one year high of $104.68. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.43.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.36. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The business's revenue was up .4% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 5.57 EPS for the current year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be paid a $0.84 dividend. The ex-dividend date is Tuesday, September 8th. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.83. This represents a $3.36 annualized dividend and a dividend yield of 3.4%. Stanley Black & Decker's payout ratio is 80.98%.

Wall Street Analysts Forecast Growth

SWK has been the topic of several recent analyst reports. Wells Fargo & Company upped their target price on Stanley Black & Decker from $80.00 to $90.00 and gave the company an "equal weight" rating in a research report on Thursday, June 18th. Morgan Stanley set a $96.00 price target on Stanley Black & Decker in a research note on Monday, August 10th. Wall Street Zen downgraded shares of Stanley Black & Decker from a "strong-buy" rating to a "buy" rating in a report on Saturday. Weiss Ratings upgraded shares of Stanley Black & Decker from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $93.00 target price on shares of Stanley Black & Decker in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $92.25.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc NYSE: SWK is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company's portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.

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