Bank of America Corp DE Takes $85.61 Million Position in Stanley Black & Decker, Inc. $SWK

Key Points

• Bank of America acquired 909,543 shares of Stanley Black & Decker worth approximately $85.6 million, representing a 0.60% stake. Institutional investors collectively own 87.77% of the company.
• Analyst sentiment remains mixed: Stanley Black & Decker has an average “Hold” rating and a consensus price target of $92.88, though Citigroup raised its target to $107 and Wall Street Zen upgraded the stock to “strong-buy.”
• The company beat quarterly earnings expectations with adjusted EPS of $1.57 versus the $1.21 consensus, while revenue reached $3.96 billion. It also raised its quarterly dividend to $0.84 per share, producing an annualized yield of about 3.8%.

Bank of America Corp DE acquired a new position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 909,543 shares of the industrial products company's stock, valued at approximately $85,606,000. Bank of America Corp DE owned 0.60% of Stanley Black & Decker as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Stanley Black & Decker in the 2nd quarter valued at approximately $1,006,417,000. Capital Research Global Investors raised its position in Stanley Black & Decker by 0.7% in the fourth quarter. Capital Research Global Investors now owns 12,856,517 shares of the industrial products company's stock valued at $954,991,000 after purchasing an additional 88,402 shares during the period. Dimensional Fund Advisors LP lifted its stake in Stanley Black & Decker by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,976,851 shares of the industrial products company's stock worth $353,618,000 after purchasing an additional 92,573 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Stanley Black & Decker by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 4,041,089 shares of the industrial products company's stock worth $299,646,000 after buying an additional 203,200 shares during the period. Finally, Clean Energy Transition LLP grew its stake in shares of Stanley Black & Decker by 4.9% in the fourth quarter. Clean Energy Transition LLP now owns 2,936,073 shares of the industrial products company's stock valued at $218,092,000 after buying an additional 136,855 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SWK shares. Citigroup increased their target price on Stanley Black & Decker from $100.00 to $107.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Morgan Stanley set a $96.00 price target on shares of Stanley Black & Decker in a research note on Monday, August 10th. Weiss Ratings raised shares of Stanley Black & Decker from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Wells Fargo & Company lifted their price objective on shares of Stanley Black & Decker from $90.00 to $95.00 and gave the company an "equal weight" rating in a report on Friday, September 11th. Finally, Wall Street Zen raised shares of Stanley Black & Decker from a "buy" rating to a "strong-buy" rating in a research note on Sunday, September 6th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Stanley Black & Decker currently has an average rating of "Hold" and a consensus price target of $92.88.

Stanley Black & Decker Trading Up 0.4%

NYSE:SWK opened at $89.52 on Friday. The company has a market cap of $13.52 billion, a PE ratio of 21.83, a P/E/G ratio of 1.34 and a beta of 1.17. The business's 50 day moving average is $95.20 and its two-hundred day moving average is $84.04. 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 52 week low of $61.90 and a 52 week high of $104.68.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its 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. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The company had revenue of $3.96 billion for the quarter, compared to analysts' expectations of $3.97 billion. During the same period in the prior year, the company earned $1.08 earnings per share. The firm's revenue was up .4% compared to the same quarter last year. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, analysts predict that Stanley Black & Decker, Inc. will post 5.57 EPS for the current year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 8th. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.83. Stanley Black & Decker's dividend payout ratio is 81.95%.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc is a global manufacturer of tools, outdoor products and related storage solutions. The company serves professional contractors, industrial users and consumers with power tools, hand tools, accessories, tool storage systems and outdoor equipment.

Its portfolio includes well-known brands such as DEWALT, CRAFTSMAN, STANLEY and BLACK+DECKER. Products are sold through retailers, distributors and direct commercial channels, supporting construction, manufacturing, maintenance, do-it-yourself and outdoor applications.

The company was formed in 2010 through the merger of The Stanley Works and The Black & Decker Corporation, combining businesses with roots dating to the 19th century.

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