Stanley Black & Decker, Inc. $SWK Shares Sold by Allen Mooney & Barnes Investment Advisors LLC

Key Points

• Allen Mooney & Barnes Investment Advisors LLC reduced its stake in Stanley Black & Decker by 35.7%, holding 15,980 shares valued at approximately $1.08 million after selling 8,874 shares.
• Stanley Black & Decker recently reported an EPS of $1.08, exceeding analyst expectations of $0.38, but experienced a revenue decrease of 6.2% year-over-year.
• The company declared a quarterly dividend of $0.83 per share, reflecting a slight increase from the previous dividend and a current dividend yield of 4.3%.

Allen Mooney & Barnes Investment Advisors LLC reduced its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 35.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,980 shares of the industrial products company's stock after selling 8,874 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC's holdings in Stanley Black & Decker were worth $1,083,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SWK. Ameriprise Financial Inc. grew its stake in Stanley Black & Decker by 59.8% in the first quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company's stock valued at $272,294,000 after purchasing an additional 1,326,113 shares during the last quarter. Vulcan Value Partners LLC purchased a new position in Stanley Black & Decker in the first quarter valued at about $72,063,000. Clean Energy Transition LLP grew its stake in Stanley Black & Decker by 85.2% in the first quarter. Clean Energy Transition LLP now owns 1,373,433 shares of the industrial products company's stock valued at $105,590,000 after purchasing an additional 632,029 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Stanley Black & Decker by 29.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company's stock valued at $201,497,000 after purchasing an additional 601,667 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Stanley Black & Decker in the first quarter valued at about $31,811,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Trading Down 2.5%

Shares of SWK traded down $2.00 during midday trading on Friday, reaching $77.37. The company had a trading volume of 812,323 shares, compared to its average volume of 2,370,720. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The stock has a market cap of $11.98 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 1.72 and a beta of 1.16. The firm has a 50 day simple moving average of $73.39 and a 200-day simple moving average of $70.20. 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 issued its 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 return on equity of 7.76% and a net margin of 3.15%.The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the company earned $1.09 EPS. The company'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. Research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's dividend payout ratio is 105.40%.

Wall Street Analyst Weigh In

SWK has been the topic of several analyst reports. The Goldman Sachs Group reiterated a "neutral" rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Barclays dropped their price target on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the stock a "buy" rating in a research note on Monday, August 18th. Wells Fargo & Company boosted their price target on Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Finally, Robert W. Baird boosted their price target on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Five investment 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's stock. Based on data from MarketBeat.com, Stanley Black & Decker has an average rating of "Hold" and an average target price of $89.40.

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.