B. Metzler seel. Sohn & Co. AG Raises Position in Stanley Black & Decker, Inc. $SWK

Key Points

• B. Metzler seel. Sohn & Co. AG significantly increased its stake in Stanley Black & Decker by 601%, owning 29,710 shares valued at approximately $2.28 million following the purchase of 25,472 additional shares.
• Several institutions have also boosted their holdings in Stanley Black & Decker, with hedge funds owning 87.77% of the company's stock.
• Stanley Black & Decker announced a quarterly dividend increase, with a new payment of $0.83 per share, representing an annual yield of 4.4% and a boost from the previous dividend of $0.82.

B. Metzler seel. Sohn & Co. AG grew its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 601.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,710 shares of the industrial products company's stock after acquiring an additional 25,472 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Stanley Black & Decker were worth $2,284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC raised its stake in shares of 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 last quarter. Hanson & Doremus Investment Management purchased a new position in shares of Stanley Black & Decker during the first quarter valued at about $31,000. TD Private Client Wealth LLC increased its position in shares of 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 buying an additional 382 shares during the period. CX Institutional purchased a new position in shares of Stanley Black & Decker during the first quarter valued at about $43,000. Finally, WASHINGTON TRUST Co increased its position in shares of Stanley Black & Decker by 530.1% during the first quarter. WASHINGTON TRUST Co now owns 838 shares of the industrial products company's stock valued at $64,000 after buying an additional 705 shares during the period. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Stock Down 2.3%

Shares of NYSE:SWK traded down $1.69 during trading on Tuesday, reaching $71.77. 898,040 shares of the stock traded hands, compared to its average volume of 2,388,549. The stock has a 50-day moving average of $71.53 and a two-hundred day moving average of $70.88. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88. 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 has a market cap of $11.11 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted 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. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The firm had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $4.01 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. The business's revenue for the quarter was down 6.2% on a year-over-year basis. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.83 dividend. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 annualized dividend and a yield of 4.6%. The ex-dividend date is Tuesday, September 2nd. Stanley Black & Decker's dividend payout ratio is 104.13%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Jefferies Financial Group set a $86.00 price target on shares of Stanley Black & Decker and gave the company a "buy" rating in a research report on Monday, August 18th. The Goldman Sachs Group reiterated a "neutral" rating and set a $80.00 price target on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. UBS Group reduced their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Wall Street Zen cut shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Robert W. Baird raised their target price on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.