Assenagon Asset Management S.A. Invests $969,000 in Stanley Black & Decker, Inc. $SWK

Key Points

• Assenagon Asset Management S.A. invested approximately $969,000 in Stanley Black & Decker by purchasing 14,308 shares during the second quarter of the year.
• Stanley Black & Decker recently reported earnings of $1.08 EPS, significantly beating analysts' estimates; however, its revenue of $3.95 billion fell short of expectations.
• The company announced a quarterly dividend increase to $0.83 per share, representing an annualized dividend of $3.32 and a 4.5% yield.

Assenagon Asset Management S.A. bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,308 shares of the industrial products company's stock, valued at approximately $969,000.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its holdings in Stanley Black & Decker by 1,138.5% during the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 296 shares during the period. 1248 Management LLC bought a new stake in Stanley Black & Decker during the first quarter valued at about $26,000. Hanson & Doremus Investment Management bought a new stake in Stanley Black & Decker during the first quarter valued at about $31,000. TD Private Client Wealth LLC boosted its holdings in Stanley Black & Decker by 830.4% during the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 382 shares during the period. Finally, Garde Capital Inc. boosted its holdings in Stanley Black & Decker by 160.5% during the second quarter. Garde Capital Inc. now owns 521 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 321 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Up 0.5%

Stanley Black & Decker stock opened at $73.83 on Friday. The firm has a market capitalization of $11.43 billion, a PE ratio of 23.44, a P/E/G ratio of 1.62 and a beta of 1.16. The company's 50-day moving average is $73.88 and its 200-day moving average is $69.71. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS 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 analyst estimates 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 quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter 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. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 4.5%. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date was Tuesday, September 2nd. Stanley Black & Decker's dividend payout ratio is currently 105.40%.

Wall Street Analysts Forecast Growth

SWK has been the subject of several research reports. Wolfe Research upgraded shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. Barclays cut their price target 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. Jefferies Financial Group set a $86.00 price target on shares of Stanley Black & Decker and gave the stock a "buy" rating in a research note on Monday, August 18th. The Goldman Sachs Group restated a "neutral" rating and set a $80.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company raised their price target on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $89.40.

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.

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