California State Teachers Retirement System Buys 16,786,815 Shares of Stanley Black & Decker, Inc. $SWK

California State Teachers Retirement System grew its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 9,379.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,965,789 shares of the industrial products company's stock after buying an additional 16,786,815 shares during the period. California State Teachers Retirement System owned 11.23% of Stanley Black & Decker worth $1,596,820,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Stanley Black & Decker by 3.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,648 shares of the industrial products company's stock worth $1,203,000 after purchasing an additional 559 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Stanley Black & Decker by 8.2% in the 1st quarter. Empowered Funds LLC now owns 4,645 shares of the industrial products company's stock worth $357,000 after buying an additional 353 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Stanley Black & Decker by 18.8% in the 1st quarter. Focus Partners Wealth now owns 6,981 shares of the industrial products company's stock worth $537,000 after buying an additional 1,105 shares in the last quarter. CW Advisors LLC bought a new stake in shares of Stanley Black & Decker in the 2nd quarter worth about $249,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Stanley Black & Decker by 53.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 989 shares of the industrial products company's stock valued at $67,000 after buying an additional 345 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SWK. Morgan Stanley set a $96.00 target price on Stanley Black & Decker in a research report 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 note on Friday, July 31st. Citigroup increased their target price on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the company a "buy" rating in a research note on Friday, July 31st. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $93.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 29th. Finally, Wall Street Zen upgraded shares of Stanley Black & Decker from a "buy" rating to a "strong-buy" rating in a report on Sunday, September 6th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $92.88.

Stanley Black & Decker Trading Down 0.1%

Stanley Black & Decker stock opened at $89.11 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.43. The stock has a market cap of $13.46 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 1.37 and a beta of 1.17. The stock has a 50-day moving average of $95.16 and a two-hundred day moving average of $83.98. Stanley Black & Decker, Inc. has a one year low of $61.90 and a one year high of $104.68.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.36. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The company's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.08 earnings per share. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, research analysts anticipate that Stanley Black & Decker, Inc. will post 5.57 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be paid a $0.84 dividend. The ex-dividend date is Tuesday, September 8th. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.83. This represents a $3.36 annualized dividend and a dividend yield of 3.8%. Stanley Black & Decker's dividend payout ratio (DPR) 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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