Alliancebernstein L.P. Has $46.31 Million Stake in Stanley Black & Decker, Inc. $SWK

Key Points

• AllianceBernstein L.P. has increased its stake in Stanley Black & Decker by 12.8% to 602,320 shares, now valued at approximately $46.3 million.
• The company announced a new quarterly dividend of $0.83 per share, up from $0.82, representing an annualized yield of 4.2%.
• Stanley Black & Decker's stock has a current market cap of $12.12 billion and has experienced a 6.2% year-over-year decline in revenue.

Alliancebernstein L.P. increased its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 12.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 602,320 shares of the industrial products company's stock after purchasing an additional 68,210 shares during the period. Alliancebernstein L.P. owned about 0.39% of Stanley Black & Decker worth $46,306,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in Stanley Black & Decker by 45.5% in the 1st quarter. AQR Capital Management LLC now owns 907,598 shares of the industrial products company's stock worth $68,260,000 after purchasing an additional 283,635 shares during the period. Advisors Asset Management Inc. boosted its stake in Stanley Black & Decker by 16.5% in the 1st quarter. Advisors Asset Management Inc. now owns 13,272 shares of the industrial products company's stock worth $1,020,000 after purchasing an additional 1,880 shares during the period. 1248 Management LLC acquired a new position in Stanley Black & Decker in the 1st quarter worth approximately $26,000. Focus Partners Advisor Solutions LLC lifted its stake in Stanley Black & Decker by 47.7% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 8,884 shares of the industrial products company's stock worth $683,000 after acquiring an additional 2,869 shares in the last quarter. Finally, Quarry LP purchased a new stake in Stanley Black & Decker in the 1st quarter worth about $112,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Up 3.5%

Shares of NYSE:SWK traded up $2.73 during trading on Thursday, reaching $79.70. 1,255,795 shares of the company traded hands, compared to its average volume of 2,384,242. The firm has a fifty day simple moving average of $72.57 and a 200 day simple moving average of $70.52. The firm has a market cap of $12.34 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 1.69 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. 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 quarterly 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. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.01 billion. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. Stanley Black & Decker's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 EPS. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.2%. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's payout ratio is currently 105.40%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SWK. Jefferies Financial Group set a $86.00 price objective on Stanley Black & Decker and gave the stock a "buy" rating in a research note on Monday, August 18th. Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. Wall Street Zen downgraded Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Barclays decreased their target price on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Finally, Robert W. Baird lifted their target price on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $89.40.

Stanley Black & Decker Company 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.