Stanley Black & Decker, Inc. $SWK Shares Acquired by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in Stanley Black & Decker by 45.5%, acquiring an additional 283,635 shares, bringing its total ownership to 907,598 shares worth approximately $68.26 million.
• Stanley Black & Decker reported a quarterly EPS of $1.08, significantly exceeding analyst expectations of $0.38, although its revenue of $3.95 billion fell short of the expected $4.01 billion.
• The company has announced a quarterly dividend increase to $0.83 per share, up from $0.82, with a yield of 4.2% and a payout ratio of 105.40%.

AQR Capital Management LLC increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 45.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 907,598 shares of the industrial products company's stock after buying an additional 283,635 shares during the period. AQR Capital Management LLC owned about 0.59% of Stanley Black & Decker worth $68,260,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. boosted its position in 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 valued at $272,294,000 after purchasing an additional 1,326,113 shares in the last quarter. Vulcan Value Partners LLC purchased a new stake in shares of Stanley Black & Decker during the first quarter valued at about $72,063,000. Clean Energy Transition LLP boosted its holdings in shares of Stanley Black & Decker by 85.2% in the 1st quarter. Clean Energy Transition LLP now owns 1,373,433 shares of the industrial products company's stock valued at $105,590,000 after buying an additional 632,029 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Stanley Black & Decker by 29.8% in 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 last quarter. Finally, Nuveen LLC purchased a new stake in Stanley Black & Decker during the first quarter valued at approximately $31,811,000. Institutional investors own 87.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SWK shares. Wall Street Zen lowered shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Jefferies Financial Group set a $86.00 target price on shares of Stanley Black & Decker and gave the stock a "buy" rating in a research report on Monday, August 18th. Wolfe Research raised shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Barclays dropped their price objective on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $89.40.

Stanley Black & Decker Stock Performance

SWK traded up $2.62 on Thursday, reaching $79.59. The stock had a trading volume of 2,001,021 shares, compared to its average volume of 2,052,881. The company has a market cap of $12.32 billion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 1.70 and a beta of 1.16. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88. 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 business's 50-day moving average price is $72.73 and its two-hundred day moving average price is $70.47.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate 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 company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the company earned $1.09 earnings per share. Stanley Black & Decker's quarterly revenue was down 6.2% compared to the same quarter last year. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 4.2%. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date is Tuesday, September 2nd. Stanley Black & Decker's dividend payout ratio (DPR) is 105.40%.

About Stanley Black & Decker

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.