Corient Private Wealth LP Grows Stock Holdings in Stanley Black & Decker, Inc. $SWK

Key Points

• Corient Private Wealth increased its Stanley Black & Decker stake by 265% in the second quarter to 62,113 shares valued at approximately $5.85 million. Institutional investors collectively own 87.77% of the company.
• Analysts maintain a generally cautious outlook, with three Buy, six Hold and one Sell rating; the consensus rating is Hold with a $92.88 price target.
• Stanley Black & Decker beat quarterly EPS estimates, reporting $1.57 versus the $1.21 consensus, while revenue rose 0.4% year over year. The company also raised its quarterly dividend to $0.84, implying a 3.8% annualized yield.

Corient Private Wealth LP increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 265.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,113 shares of the industrial products company's stock after purchasing an additional 45,095 shares during the quarter. Corient Private Wealth LP's holdings in Stanley Black & Decker were worth $5,846,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Amundi boosted its holdings in Stanley Black & Decker by 14.4% in the 2nd quarter. Amundi now owns 385,551 shares of the industrial products company's stock valued at $36,288,000 after purchasing an additional 48,667 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Stanley Black & Decker in the second quarter worth $4,428,000. HB Wealth Management LLC lifted its position in Stanley Black & Decker by 12.9% in the second quarter. HB Wealth Management LLC now owns 8,465 shares of the industrial products company's stock worth $797,000 after purchasing an additional 969 shares during the period. Compass Financial Management LLC purchased a new position in shares of Stanley Black & Decker during the second quarter valued at $31,000. Finally, NEOS Investment Management LLC increased its position in Stanley Black & Decker by 14.5% during the second quarter. NEOS Investment Management LLC now owns 25,315 shares of the industrial products company's stock worth $2,383,000 after buying an additional 3,202 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SWK. Weiss Ratings raised Stanley Black & Decker from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Wells Fargo & Company lifted their price objective on Stanley Black & Decker from $90.00 to $95.00 and gave the stock an "equal weight" rating in a report on Friday, September 11th. Citigroup upped 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 issued a $93.00 target price on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Finally, Morgan Stanley set a $96.00 price target on shares of Stanley Black & Decker in a report on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Stanley Black & Decker presently has an average rating of "Hold" and a consensus price target of $92.88.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $89.52 on Friday. The firm has a market capitalization of $13.52 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 1.34 and a beta of 1.17. 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, Inc. has a one year low of $61.90 and a one year high of $104.68. The company has a 50 day moving average price of $95.20 and a 200 day moving average price of $84.04.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the prior year, the firm posted $1.08 EPS. 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. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.57 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be given a $0.84 dividend. This is an increase 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%. The ex-dividend date of this dividend is Tuesday, September 8th. 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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