Concurrent Investment Advisors LLC Sells 53,064 Shares of Stanley Black & Decker, Inc. $SWK

Concurrent Investment Advisors LLC trimmed its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 93.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,663 shares of the industrial products company's stock after selling 53,064 shares during the period. Concurrent Investment Advisors LLC's holdings in Stanley Black & Decker were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Capital Research Global Investors raised its position in shares of Stanley Black & Decker by 0.7% in the 4th quarter. Capital Research Global Investors now owns 12,856,517 shares of the industrial products company's stock valued at $954,991,000 after buying an additional 88,402 shares in the last quarter. BlackRock Inc. acquired a new position in Stanley Black & Decker during the second quarter valued at approximately $1,006,417,000. Dimensional Fund Advisors LP lifted its stake in Stanley Black & Decker by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,976,851 shares of the industrial products company's stock worth $353,618,000 after purchasing an additional 92,573 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Stanley Black & Decker by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 4,041,089 shares of the industrial products company's stock valued at $299,646,000 after purchasing an additional 203,200 shares in the last quarter. Finally, Clean Energy Transition LLP increased its stake in shares of Stanley Black & Decker by 4.9% in the 4th quarter. Clean Energy Transition LLP now owns 2,936,073 shares of the industrial products company's stock valued at $218,092,000 after purchasing an additional 136,855 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Trading Down 0.3%

Shares of NYSE SWK opened at $88.62 on Wednesday. The firm has a 50 day moving average price of $95.07 and a two-hundred day moving average price of $83.97. The stock has a market cap of $13.38 billion, a P/E ratio of 21.61, a price-to-earnings-growth ratio of 1.37 and a beta of 1.17. Stanley Black & Decker, Inc. has a 52-week low of $61.90 and a 52-week high of $104.68. 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 (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.57 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 company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the previous year, the business earned $1.08 earnings per share. Stanley Black & Decker's revenue was up .4% compared to the same quarter last year. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, equities analysts forecast that Stanley Black & Decker, Inc. will post 5.57 EPS 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 issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 3.8%. The ex-dividend date is Tuesday, September 8th. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.83. Stanley Black & Decker's dividend payout ratio (DPR) is 81.95%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wall Street Zen upgraded Stanley Black & Decker from a "buy" rating to a "strong-buy" rating in a research report on Sunday, September 6th. Weiss Ratings upgraded Stanley Black & Decker from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. The Goldman Sachs Group reissued a "neutral" rating and set a $93.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, July 29th. Citigroup increased their target price on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, Wells Fargo & Company lifted their price target on shares of Stanley Black & Decker from $90.00 to $95.00 and gave the company an "equal weight" rating in a report on Friday. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $92.88.

About Stanley Black & Decker

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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