Credit Agricole S A Grows Stake 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 grew its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 8.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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.

A number of other large investors have also recently modified their holdings of SWK. XTX Topco Ltd bought a new stake in shares of Stanley Black & Decker during the 4th quarter valued at about $286,000. Dimensional Fund Advisors LP boosted its position in shares of Stanley Black & Decker by 15.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,019,460 shares of the industrial products company's stock valued at $162,139,000 after acquiring an additional 277,352 shares during the last quarter. MetLife Investment Management LLC lifted its position in Stanley Black & Decker by 1.9% in the 4th quarter. MetLife Investment Management LLC now owns 40,792 shares of the industrial products company's stock worth $3,275,000 after buying an additional 768 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Stanley Black & Decker by 93.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,009 shares of the industrial products company's stock worth $1,044,000 after buying an additional 6,281 shares during the last quarter. Finally, Pinebridge Investments L.P. bought a new stake in Stanley Black & Decker in the 4th quarter worth approximately $8,713,000. Institutional investors own 87.77% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SWK shares. The Goldman Sachs Group restated a "neutral" rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Wells Fargo & Company boosted their target price on Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. UBS Group decreased their price target on 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. Robert W. Baird lifted their price target on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen cut Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Stanley Black & Decker has a consensus rating of "Hold" and an average target price of $89.40.

Stanley Black & Decker Stock Down 1.7%

SWK stock traded down $1.28 during midday trading on Tuesday, hitting $75.19. The stock had a trading volume of 2,674,349 shares, compared to its average volume of 2,406,111. The firm has a market cap of $11.64 billion, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 1.71 and a beta of 1.16. The business has a 50-day moving average of $70.51 and a two-hundred day moving average of $71.29. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued 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 firm had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $4.01 billion. During the same period in the previous year, the firm posted $1.09 EPS. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. As a group, equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business 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 is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 2nd. Stanley Black & Decker's payout ratio is currently 104.13%.

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.