Stanley Black & Decker, Inc. $SWK Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its holdings in Stanley Black & Decker by 57.0% in the 1st quarter, now owning 8,656 shares worth $665,000.
• Analysts have mixed views on the stock, with five rating it as a Buy and five as a Hold, while the consensus price target is $89.40.
• Stanley Black & Decker recently announced a quarterly dividend of $0.83 per share, marking a slight increase from the previous dividend and yielding 4.3% annually.

BI Asset Management Fondsmaeglerselskab A S cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 57.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,656 shares of the industrial products company's stock after selling 11,476 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Stanley Black & Decker were worth $665,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SWK. Golden State Wealth Management LLC raised its position in shares of Stanley Black & Decker by 1,138.5% during the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 296 shares during the period. Hanson & Doremus Investment Management bought a new position in shares of Stanley Black & Decker in the first quarter worth about $31,000. TD Private Client Wealth LLC grew 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 worth $33,000 after purchasing an additional 382 shares in the last quarter. CX Institutional bought a new stake in Stanley Black & Decker during the 1st quarter valued at approximately $43,000. Finally, WASHINGTON TRUST Co lifted its holdings in Stanley Black & Decker by 530.1% in the 1st quarter. WASHINGTON TRUST Co now owns 838 shares of the industrial products company's stock worth $64,000 after purchasing an additional 705 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Up 0.8%

Shares of NYSE:SWK traded up $0.59 during trading hours on Wednesday, hitting $75.78. The company's stock had a trading volume of 1,816,747 shares, compared to its average volume of 2,402,495. 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 current ratio of 1.04 and a quick ratio of 0.34. The company has a market capitalization of $11.73 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 1.69 and a beta of 1.16. The firm's fifty day moving average price is $70.73 and its 200 day moving average price is $71.32.

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. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.01 billion. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The company's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 EPS. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. As a group, research analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.83 per share. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date is Tuesday, September 2nd. This represents a $3.32 annualized dividend and a dividend yield of 4.4%. Stanley Black & Decker's dividend payout ratio (DPR) is presently 105.40%.

Analysts Set New Price Targets

Several research firms have recently commented on SWK. JPMorgan Chase & Co. lowered their target price on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a report on Monday, May 5th. Robert W. Baird lifted 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. Jefferies Financial Group set a $86.00 price target on shares of Stanley Black & Decker and gave the company a "buy" rating in a report on Monday, August 18th. Wolfe Research upgraded shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $89.40.

Stanley Black & Decker 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.