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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vontobel Holding Ltd. increased its holdings in shares of Stanley Black & Decker by 3.8% during the first quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company's stock valued at $345,000 after acquiring an additional 165 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC lifted its position in shares of Stanley Black & Decker by 0.7% during the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company's stock valued at $1,911,000 after buying an additional 174 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Stanley Black & Decker by 8.8% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company's stock worth $166,000 after purchasing an additional 174 shares in the last quarter. Allworth Financial LP lifted its holdings in Stanley Black & Decker by 9.2% during the 1st quarter. Allworth Financial LP now owns 2,321 shares of the industrial products company's stock worth $178,000 after purchasing an additional 195 shares in the last quarter. Finally, Regents Gate Capital LLP lifted its holdings in Stanley Black & Decker by 0.4% during the 1st quarter. Regents Gate Capital LLP now owns 55,272 shares of the industrial products company's stock worth $4,249,000 after purchasing an additional 215 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SWK has been the topic of several recent analyst reports. UBS Group lowered their price target on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the stock a "buy" rating in a research report on Monday, August 18th. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. lowered their target price on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. Finally, Wall Street Zen cut Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $89.40.

Stanley Black & Decker Trading Down 1.2%

SWK stock traded down $0.94 during midday trading on Thursday, reaching $74.80. 532,860 shares of the company traded hands, compared to its average volume of 2,390,633. 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 business has a 50 day moving average of $70.95 and a 200-day moving average of $71.35. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88. The firm has a market capitalization of $11.58 billion, a price-to-earnings ratio of 23.75, a P/E/G ratio of 1.66 and a beta of 1.16.

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 for the quarter, topping the consensus estimate of $0.38 by $0.70. The business had revenue of $3.95 billion during 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 prior year, the business earned $1.09 EPS. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.83 per share. This is an increase 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%. The ex-dividend date is Tuesday, September 2nd. Stanley Black & Decker's dividend payout ratio (DPR) is currently 104.13%.

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.