Stanley Black & Decker, Inc. $SWK Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in Stanley Black & Decker by 10.4%, selling 4,663 shares and now holding 40,262 shares valued at approximately $3.09 million.
• Stanley Black & Decker recently announced a quarterly dividend of $0.83 per share, representing a slight increase from the previous dividend of $0.82 and reflecting a dividend yield of 4.5%.
• After reporting a net margin of 3.15% and a decline in revenue compared to last year, Stanley Black & Decker had earnings per share (EPS) of $1.08, exceeding analysts' expectations.

Banco Bilbao Vizcaya Argentaria S.A. cut its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 10.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,262 shares of the industrial products company's stock after selling 4,663 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Stanley Black & Decker were worth $3,088,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its position in Stanley Black & Decker by 18.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,435 shares of the industrial products company's stock valued at $1,494,000 after purchasing an additional 3,009 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Stanley Black & Decker in the 1st quarter valued at $245,000. GAMMA Investing LLC raised its position in Stanley Black & Decker by 40.5% in the 1st quarter. GAMMA Investing LLC now owns 4,521 shares of the industrial products company's stock valued at $348,000 after purchasing an additional 1,304 shares during the last quarter. Private Advisor Group LLC raised its position in Stanley Black & Decker by 2.1% in the 1st quarter. Private Advisor Group LLC now owns 14,441 shares of the industrial products company's stock valued at $1,110,000 after purchasing an additional 292 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Stanley Black & Decker by 17.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,200 shares of the industrial products company's stock valued at $2,079,000 after purchasing an additional 4,128 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SWK shares. The Goldman Sachs Group restated a "neutral" rating and set a $80.00 price objective on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Wall Street Zen downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. cut their price objective on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research report on Monday, May 5th. Robert W. Baird increased their price target on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Finally, UBS Group cut their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $89.40.

Stanley Black & Decker Trading Down 1.3%

Shares of SWK traded down $0.98 during mid-day trading on Monday, hitting $76.55. The company had a trading volume of 2,191,416 shares, compared to its average volume of 2,404,444. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The business's 50-day simple moving average is $70.29 and its 200-day simple moving average is $71.36. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock has a market cap of $11.85 billion, a PE ratio of 24.30, a P/E/G ratio of 1.71 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 the consensus estimate 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 analyst estimates of $4.01 billion. During the same quarter last year, the firm posted $1.09 earnings per share. Stanley Black & Decker's revenue for the quarter 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 4.3%. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Tuesday, September 2nd. Stanley Black & Decker's dividend payout ratio is presently 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.