Credit Agricole S A Increases Holdings in Stanley Black & Decker, Inc. $SWK

Key Points

• Credit Agricole S A increased its stake in Stanley Black & Decker by 8.4%, owning a total of 51,596 shares worth approximately $3.97 million as reported in a recent SEC filing.
• Stanley Black & Decker's stock saw a 6.1% increase, with a current market value of around $12.01 billion and a P/E ratio of 24.62.
• The company announced a quarterly dividend of $0.83 per share, representing an annualized yield of 4.3%, marking an increase from the previous dividend of $0.82.

Credit Agricole S A increased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,596 shares of the industrial products company's stock after acquiring an additional 4,018 shares during the quarter. Credit Agricole S A's holdings in Stanley Black & Decker were worth $3,967,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SWK. Vulcan Value Partners LLC acquired a new stake in shares of Stanley Black & Decker in the 1st quarter valued at about $72,063,000. Ameriprise Financial Inc. grew its stake in Stanley Black & Decker by 44.2% in the fourth quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company's stock valued at $177,905,000 after acquiring an additional 679,359 shares during the period. Clean Energy Transition LLP increased its holdings in shares of Stanley Black & Decker by 85.2% during the first quarter. Clean Energy Transition LLP now owns 1,373,433 shares of the industrial products company's stock valued at $105,590,000 after acquiring an additional 632,029 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Stanley Black & Decker by 29.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company's stock worth $201,497,000 after purchasing an additional 601,667 shares during the period. Finally, Nuveen LLC bought a new position in shares of Stanley Black & Decker in the 1st quarter worth $31,811,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

Shares of SWK stock traded down $0.99 during trading hours on Thursday, hitting $74.75. 369,646 shares of the company were exchanged, compared to its average volume of 2,389,461. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The firm has a fifty day simple moving average of $70.95 and a 200 day simple moving average of $71.35. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 1.66 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.70. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the business posted $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Research analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 4.4%. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Tuesday, September 2nd. Stanley Black & Decker's payout ratio is currently 104.13%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SWK shares. UBS Group lowered their price objective on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Wall Street Zen downgraded Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. The Goldman Sachs Group reissued a "neutral" rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Robert W. Baird lifted their target price on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Wells Fargo & Company increased their price target on Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Stanley Black & Decker presently has an average rating of "Hold" and a consensus target price of $89.40.

Stanley Black & Decker 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.