Assenagon Asset Management S.A. Buys 81,121 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

• Assenagon Asset Management increased its Stanley Black & Decker stake by 533.7% in the second quarter, purchasing 81,121 additional shares for a total holding valued at approximately $9.1 million. Institutional investors collectively own 87.77% of the company.
• Analyst sentiment remains mixed: four analysts rate SWK a Buy, six recommend Hold, and one rates it Sell. The consensus rating is Hold, with an average price target of $91.56.
• Stanley Black & Decker exceeded quarterly earnings expectations with $1.57 in EPS versus the $1.21 consensus estimate and raised its quarterly dividend to $0.84, implying a 3.2% annualized yield.

Assenagon Asset Management S.A. grew its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 533.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,322 shares of the industrial products company's stock after purchasing an additional 81,121 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.06% of Stanley Black & Decker worth $9,066,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Chapman Financial Group LLC acquired a new stake in Stanley Black & Decker during the 2nd quarter worth approximately $26,000. CYBER HORNET ETFs LLC acquired a new position in Stanley Black & Decker in the 2nd quarter valued at $28,000. Kovack Advisors Inc. bought a new position in Stanley Black & Decker during the 4th quarter worth $28,000. Motiv8 Investments LLC acquired a new stake in shares of Stanley Black & Decker during the fourth quarter worth $31,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Stanley Black & Decker in the second quarter valued at about $31,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

SWK has been the topic of several research reports. The Goldman Sachs Group restated a "neutral" rating and issued a $93.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 29th. Wall Street Zen raised shares of Stanley Black & Decker from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. Robert W. Baird set a $84.00 target price on shares of Stanley Black & Decker in a research report on Thursday, April 30th. JPMorgan Chase & Co. raised their target price on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the stock an "underweight" rating in a report on Friday, May 1st. Finally, Citigroup lifted their price target on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $91.56.

Stanley Black & Decker Price Performance

SWK stock opened at $103.95 on Wednesday. The company's 50-day moving average price is $89.78 and its two-hundred day moving average price is $82.11. The firm has a market cap of $15.70 billion, a P/E ratio of 25.35, a P/E/G ratio of 1.40 and a beta of 1.16. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.53. Stanley Black & Decker, Inc. has a 12 month low of $61.90 and a 12 month high of $104.68.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.36. The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The firm's quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 EPS. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, analysts anticipate that Stanley Black & Decker, Inc. will post 5.48 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 3.2%. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, September 8th. Stanley Black & Decker's payout ratio is 80.98%.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc NYSE: SWK is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company's portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.

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