Ameriprise Financial Inc. Purchases 1,326,113 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

• Ameriprise Financial Inc. increased its stake in Stanley Black & Decker by 59.8%, owning approximately 3.54 million shares valued at $272.29 million.
• Stanley Black & Decker reported earnings of $1.08 per share, significantly exceeding the consensus estimate of $0.38, although its revenue decreased by 6.2% year-over-year.
• The company announced a quarterly dividend increase to $0.83 per share, up from $0.82, reflecting a dividend yield of 4.3% with a payout ratio of 104.13%.

Ameriprise Financial Inc. raised its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 59.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,541,878 shares of the industrial products company's stock after buying an additional 1,326,113 shares during the period. Ameriprise Financial Inc. owned 2.29% of Stanley Black & Decker worth $272,294,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SWK. Massachusetts Financial Services Co. MA grew its position in shares of Stanley Black & Decker by 0.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,119,211 shares of the industrial products company's stock valued at $239,805,000 after purchasing an additional 20,742 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of 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. Northern Trust Corp grew its position in shares of Stanley Black & Decker by 9.2% in the first quarter. Northern Trust Corp now owns 1,571,420 shares of the industrial products company's stock valued at $120,811,000 after purchasing an additional 132,509 shares during the last quarter. Clean Energy Transition LLP grew its position in shares of 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. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Stanley Black & Decker by 3.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,109,064 shares of the industrial products company's stock valued at $85,265,000 after purchasing an additional 37,966 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Price Performance

NYSE SWK traded down $1.28 during trading on Tuesday, reaching $75.19. 2,674,349 shares of the company traded hands, compared to its average volume of 2,406,111. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The stock's 50 day moving average price is $70.51 and its two-hundred day moving average price is $71.29. The company has a market cap of $11.64 billion, a price-to-earnings ratio of 23.87, a P/E/G ratio of 1.71 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 data 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 company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.01 billion. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The company's quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. As a group, analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 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 16th. Shareholders 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 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 yield of 4.4%. Stanley Black & Decker's dividend payout ratio (DPR) is presently 104.13%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SWK shares. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the company a "buy" rating in a research report on Monday, August 18th. Wall Street Zen downgraded Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Robert W. Baird raised their price target on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Barclays lowered 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. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $80.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Stanley Black & Decker has an average rating of "Hold" and a consensus target price 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.