Stanley Black & Decker, Inc. $SWK Stock Holdings Cut by Cresset Asset Management LLC

Key Points

• Cresset Asset Management LLC significantly decreased its stake in Stanley Black & Decker by 89.1%, selling 48,853 shares and now holding just 5,984 shares valued at $460,000.
• Stanley Black & Decker announced a quarterly dividend increase, now at $0.83 per share, reflecting a 4.3% dividend yield, although its payout ratio stands at a high 104.13%.
• The company's recent quarterly earnings report showed a net revenue decline of 6.2% year-over-year, with earnings per share of $1.08, surpassing estimates but falling short on revenue expectations.

Cresset Asset Management LLC decreased its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 89.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,984 shares of the industrial products company's stock after selling 48,853 shares during the period. Cresset Asset Management LLC's holdings in Stanley Black & Decker were worth $460,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SWK. MetLife Investment Management LLC boosted its holdings in Stanley Black & Decker by 1.9% in the fourth quarter. MetLife Investment Management LLC now owns 40,792 shares of the industrial products company's stock valued at $3,275,000 after purchasing an additional 768 shares during the last quarter. Syon Capital LLC purchased a new position in Stanley Black & Decker in the fourth quarter valued at about $231,000. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in Stanley Black & Decker by 24.1% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 44,925 shares of the industrial products company's stock valued at $3,609,000 after purchasing an additional 8,728 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Stanley Black & Decker by 13.2% in the fourth quarter. Integrated Wealth Concepts LLC now owns 7,181 shares of the industrial products company's stock valued at $577,000 after purchasing an additional 836 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in Stanley Black & Decker in the fourth quarter valued at about $286,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

SWK stock traded up $0.59 on Wednesday, reaching $75.78. The company's stock had a trading volume of 1,816,747 shares, compared to its average volume of 2,078,788. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The company has a market capitalization of $11.73 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. The firm has a fifty day moving average of $70.95 and a two-hundred day moving average of $71.35. 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 data 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. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the company 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, analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

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

Analyst Ratings Changes

A number of research analysts recently commented on the company. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the company a "buy" rating in a report on Monday, August 18th. The Goldman Sachs Group restated a "neutral" rating and set a $80.00 price objective on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. Barclays cut their price objective on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. 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 equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $89.40.

About Stanley Black & Decker

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.