Bank of America Corp DE Cuts Stake in Stanley Black & Decker, Inc. $SWK

Key Points

• Bank of America cut its Stanley Black & Decker stake by 36% in the first quarter, selling 475,356 shares and retaining 845,799 shares worth approximately $60.1 million. Institutional investors collectively own 87.77% of the company.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $91.56, despite several firms raising their targets.
• Stanley Black & Decker beat quarterly earnings expectations, reporting $1.57 in EPS versus the $1.21 consensus estimate, and increased its quarterly dividend to $0.84 per share, representing a 3.3% annualized yield.

Bank of America Corp DE decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 36.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 845,799 shares of the industrial products company's stock after selling 475,356 shares during the quarter. Bank of America Corp DE owned about 0.54% of Stanley Black & Decker worth $60,102,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New York Life Investment Management LLC raised its position in shares of Stanley Black & Decker by 67.5% in the fourth quarter. New York Life Investment Management LLC now owns 34,766 shares of the industrial products company's stock valued at $2,582,000 after buying an additional 14,005 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Stanley Black & Decker during the 1st quarter valued at about $47,448,000. LBP AM SA purchased a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $2,377,000. Danske Bank A S boosted its holdings in Stanley Black & Decker by 4,890.9% in the 4th quarter. Danske Bank A S now owns 49,909 shares of the industrial products company's stock valued at $3,707,000 after purchasing an additional 48,909 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Stanley Black & Decker by 22.3% in the 1st quarter. California State Teachers Retirement System now owns 178,974 shares of the industrial products company's stock valued at $12,718,000 after buying an additional 32,606 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SWK has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price objective on Stanley Black & Decker from $65.00 to $75.00 and gave the company an "underweight" rating in a research note on Friday, May 1st. Wells Fargo & Company raised their target price on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the company an "equal weight" rating in a report on Thursday, June 18th. The Goldman Sachs Group reiterated a "neutral" rating and set a $93.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Morgan Stanley set a $96.00 price objective on shares of Stanley Black & Decker in a research report on Monday. Finally, Wall Street Zen raised shares of Stanley Black & Decker from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. Four analysts have rated the stock with a Buy rating, six have assigned 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 Stock Down 1.3%

SWK stock opened at $102.59 on Tuesday. The stock has a market cap of $15.49 billion, a P/E ratio of 25.02, a PEG ratio of 1.42 and a beta of 1.16. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53. Stanley Black & Decker, Inc. has a twelve month low of $61.90 and a twelve month high of $104.40. The company's 50 day moving average is $89.29 and its two-hundred day moving average is $81.97.

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

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 3.3%. This is a positive change 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 dividend payout ratio is presently 80.98%.

Stanley Black & Decker Company 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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