Dimensional Fund Advisors LP Has $201.50 Million Stake in Stanley Black & Decker, Inc. $SWK

Key Points

• Dimensional Fund Advisors LP increased its holdings in Stanley Black & Decker by 29.8%, now owning approximately 2.62 million shares valued at $201.50 million.
• Analysts have mixed opinions on the stock with price targets ranging from $60 to $89, and a consensus rating of "Hold".
• Stanley Black & Decker announced a quarterly dividend increase to $0.83 per share, representing a 4.4% yield for stockholders.

Dimensional Fund Advisors LP boosted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 29.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,621,127 shares of the industrial products company's stock after buying an additional 601,667 shares during the period. Dimensional Fund Advisors LP owned 1.69% of Stanley Black & Decker worth $201,497,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Kovitz Investment Group Partners LLC lifted its stake in shares of Stanley Black & Decker by 16.8% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 4,154 shares of the industrial products company's stock valued at $319,000 after purchasing an additional 597 shares in the last quarter. Prudential PLC bought a new stake in shares of Stanley Black & Decker in the 1st quarter valued at approximately $427,000. Resona Asset Management Co. Ltd. increased its holdings in shares of Stanley Black & Decker by 16.8% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 70,594 shares of the industrial products company's stock valued at $5,415,000 after acquiring an additional 10,159 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Stanley Black & Decker by 8.3% in the 1st quarter. Public Sector Pension Investment Board now owns 20,887 shares of the industrial products company's stock valued at $1,606,000 after acquiring an additional 1,594 shares during the last quarter. Finally, AIA Group Ltd increased its holdings in shares of Stanley Black & Decker by 256.1% in the 1st quarter. AIA Group Ltd now owns 15,321 shares of the industrial products company's stock valued at $1,178,000 after acquiring an additional 11,018 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on SWK. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. UBS Group decreased their price target on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Barclays decreased their target price on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Wells Fargo & Company raised their target price on Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. decreased their target price on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Stanley Black & Decker currently has a consensus rating of "Hold" and a consensus target price of $89.40.

Stanley Black & Decker Stock Down 1.1%

Stanley Black & Decker stock traded down $0.7910 during mid-day trading on Thursday, hitting $73.1290. The company's stock had a trading volume of 1,756,348 shares, compared to its average volume of 2,155,289. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88. The firm's 50 day moving average is $69.93 and its 200 day moving average is $71.70. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The company has a market cap of $11.32 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16.

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 for the quarter, beating analysts' consensus estimates of $0.38 by $0.70. The business had revenue of $3.95 billion for 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 firm's revenue was down 6.2% compared to the same quarter last year. During the same period last year, the business earned $1.09 EPS. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. On average, analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.83 per share. The ex-dividend date is Tuesday, September 2nd. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 annualized dividend and a dividend yield of 4.5%. Stanley Black & Decker's dividend payout ratio (DPR) is currently 104.13%.

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.