Benjamin Edwards Inc. Buys Shares of 11,842 Stanley Black & Decker, Inc. $SWK

Key Points

• Benjamin Edwards Inc. acquired 11,842 shares of Stanley Black & Decker in the second quarter, valued at approximately $1.1 million. Institutional investors collectively own 87.77% of SWK.
• Stanley Black & Decker reported quarterly EPS of $1.57, beating estimates of $1.21, while revenue reached $3.96 billion and rose 0.4% year over year.
• The company raised its quarterly dividend to $0.84 per share, implying a 3.6% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $92.25.

Benjamin Edwards Inc. bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,842 shares of the industrial products company's stock, valued at approximately $1,115,000.

A number of other large investors also recently modified their holdings of SWK. Arrowstreet Capital Limited Partnership bought a new position in Stanley Black & Decker in the first quarter valued at about $47,448,000. Assenagon Asset Management S.A. grew its holdings in shares of Stanley Black & Decker by 533.7% during the second quarter. Assenagon Asset Management S.A. now owns 96,322 shares of the industrial products company's stock worth $9,066,000 after purchasing an additional 81,121 shares during the last quarter. New York Life Investment Management LLC increased its stake 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 period. Oak Thistle LLC bought a new position in Stanley Black & Decker in the 2nd quarter valued at approximately $1,440,000. Finally, California State Teachers Retirement System boosted its position in Stanley Black & Decker by 22.3% during the 1st quarter. California State Teachers Retirement System now owns 178,974 shares of the industrial products company's stock worth $12,718,000 after buying an additional 32,606 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $94.59 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.43. Stanley Black & Decker, Inc. has a fifty-two week low of $61.90 and a fifty-two week high of $104.68. The company has a 50 day simple moving average of $94.86 and a two-hundred day simple moving average of $83.74. The company has a market capitalization of $14.28 billion, a PE ratio of 23.07, a P/E/G ratio of 1.48 and a beta of 1.17.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) 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 firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the company earned $1.08 EPS. The company's revenue for the quarter was up .4% on a year-over-year basis. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Research analysts anticipate that Stanley Black & Decker, Inc. will post 5.57 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 22nd. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 3.6%. This is an increase 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 payout ratio is currently 80.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SWK shares. Wells Fargo & Company boosted their target price on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the stock an "equal weight" rating in a report on Thursday, June 18th. Weiss Ratings upgraded shares of Stanley Black & Decker from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 31st. The Goldman Sachs Group reissued a "neutral" rating and issued a $93.00 price objective on shares of Stanley Black & Decker in a research note on Wednesday, July 29th. Citigroup increased their price objective on Stanley Black & Decker from $100.00 to $107.00 and gave the company a "buy" rating in a report on Friday, July 31st. Finally, Wall Street Zen lowered Stanley Black & Decker from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $92.25.

Stanley Black & Decker 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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