Canada Pension Plan Investment Board Sells 6,167 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

• Canada Pension Plan Investment Board reduced its stake in Stanley Black & Decker by 3.2%, selling 6,167 shares, and now holds 186,236 shares valued at approximately $14.3 million.
• The company reported earnings per share (EPS) of $1.08 for the last quarter, exceeding expectations, despite a revenue decline of 6.2% year-over-year.
• Stanley Black & Decker announced a quarterly dividend increase to $0.83 per share, yielding approximately 4.5%, with a payout ratio of 104.13%.

Canada Pension Plan Investment Board trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 3.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 186,236 shares of the industrial products company's stock after selling 6,167 shares during the period. Canada Pension Plan Investment Board owned 0.12% of Stanley Black & Decker worth $14,318,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its holdings in Stanley Black & Decker by 59.8% in the first quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company's stock valued at $272,294,000 after purchasing an additional 1,326,113 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Stanley Black & Decker by 0.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,119,211 shares of the industrial products company's stock worth $239,805,000 after purchasing an additional 20,742 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Stanley Black & Decker by 29.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company's stock valued at $201,497,000 after acquiring an additional 601,667 shares during the period. Northern Trust Corp increased its stake in Stanley Black & Decker by 9.2% during the 1st quarter. Northern Trust Corp now owns 1,571,420 shares of the industrial products company's stock valued at $120,811,000 after purchasing an additional 132,509 shares in the last quarter. Finally, Clean Energy Transition LLP raised its holdings in shares of Stanley Black & Decker by 85.2% in the 1st quarter. Clean Energy Transition LLP now owns 1,373,433 shares of the industrial products company's stock worth $105,590,000 after acquiring an additional 632,029 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SWK shares. Barclays cut their price objective on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Robert W. Baird boosted their target price on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. UBS Group dropped their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $80.00 target price on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Finally, Wall Street Zen downgraded Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $89.40.

Stanley Black & Decker Stock Down 1.4%

Shares of NYSE:SWK opened at $74.22 on Tuesday. 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 cap of $11.49 billion, a PE ratio of 23.56, a P/E/G ratio of 1.64 and a beta of 1.16. The stock's 50-day moving average is $71.53 and its 200 day moving average is $70.88. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.70. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the firm posted $1.09 earnings per share. The firm's revenue was down 6.2% on a year-over-year basis. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, September 2nd. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's dividend payout ratio (DPR) is 104.13%.

About Stanley Black & Decker

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.

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