Allen Mooney & Barnes Investment Advisors LLC Has $1.08 Million Position in Stanley Black & Decker, Inc. $SWK

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 lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 35.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in shares of Stanley Black & Decker by 59.8% during the first quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company's stock worth $272,294,000 after buying an additional 1,326,113 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Stanley Black & Decker by 0.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,119,211 shares of the industrial products company's stock worth $239,805,000 after buying an additional 20,742 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Stanley Black & Decker by 29.8% during the 1st 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. Northern Trust Corp grew its position in shares of Stanley Black & Decker by 9.2% during the 1st quarter. Northern Trust Corp now owns 1,571,420 shares of the industrial products company's stock worth $120,811,000 after buying an additional 132,509 shares during the period. Finally, Clean Energy Transition LLP grew its position in shares of Stanley Black & Decker by 85.2% during the 1st quarter. Clean Energy Transition LLP now owns 1,373,433 shares of the industrial products company's stock worth $105,590,000 after buying an additional 632,029 shares during the period. Institutional investors own 87.77% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wall Street Zen downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Jefferies Financial Group set a $86.00 price objective on shares of Stanley Black & Decker and gave the stock a "buy" rating in a research report on Monday, August 18th. Wells Fargo & Company lifted their price target on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Barclays reduced 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. Finally, Wolfe Research raised shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. 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 stock. According to MarketBeat, Stanley Black & Decker has a consensus rating of "Hold" and a consensus target price of $89.40.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $77.59 on Monday. 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 stock's fifty day simple moving average is $72.86 and its two-hundred day simple moving average is $70.18. 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 $12.01 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 1.71 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.70. The company had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $4.01 billion. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The business's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 EPS. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid 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 is 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 (DPR) is presently 105.40%.

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.

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