Stanley Black & Decker, Inc. (NYSE:SWK) Shares Purchased by Clean Energy Transition LLP

Key Points

• Clean Energy Transition LLP has increased its stake in Stanley Black & Decker, Inc. by 85.2%, owning a total of 1,373,433 shares valued at approximately $105.6 million.
• The firm has announced a quarterly dividend increase to $0.83 per share, providing a dividend yield of 4.8%.
• Recent analyst ratings for Stanley Black & Decker show a mix, with one "sell," six "hold," and five "buy" ratings, resulting in an average price target of $91.10.

Clean Energy Transition LLP raised its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 85.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,373,433 shares of the industrial products company's stock after purchasing an additional 632,029 shares during the quarter. Stanley Black & Decker comprises 13.1% of Clean Energy Transition LLP's investment portfolio, making the stock its 3rd biggest position. Clean Energy Transition LLP owned 0.89% of Stanley Black & Decker worth $105,590,000 at the end of the most recent quarter.

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

Stanley Black & Decker Stock Performance

Shares of NYSE SWK traded down $1.22 during trading hours on Thursday, reaching $74.76. The stock had a trading volume of 1,137,912 shares, compared to its average volume of 2,411,197. The firm has a market cap of $11.57 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 1.58 and a beta of 1.16. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. The firm has a 50-day moving average of $69.18 and a 200-day moving average of $72.20.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.70. The firm had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.01 billion. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. The business's revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 EPS. Equities research analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.83 dividend. 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 yield of 4.4%. Stanley Black & Decker's payout ratio is presently 104.13%.

Analyst Ratings Changes

A number of brokerages have recently commented on SWK. Wall Street Zen downgraded Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Robert W. Baird boosted their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. UBS Group cut their target price on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Finally, Barclays cut their target price on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $91.10.

Stanley Black & Decker Company 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.