Dynamic Technology Lab Private Ltd Purchases New Stake in Stanley Black & Decker, Inc. $SWK

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in Stanley Black & Decker, Inc., purchasing 29,268 shares valued at approximately $2,250,000 during the first quarter.
• Analysts have set a new average target price of $89.40 for Stanley Black & Decker, with ratings ranging from "Buy" to "Hold" by various research firms.
• Stanley Black & Decker recently increased its quarterly dividend to $0.83, reflecting a payout ratio of 105.40% and a dividend yield of 4.2%.

Dynamic Technology Lab Private Ltd purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 29,268 shares of the industrial products company's stock, valued at approximately $2,250,000.

Several other hedge funds have also added to or reduced their stakes in the company. Vontobel Holding Ltd. grew its holdings in Stanley Black & Decker by 3.8% during the 1st quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company's stock worth $345,000 after acquiring an additional 165 shares during the period. Allen Mooney & Barnes Investment Advisors LLC grew its holdings in Stanley Black & Decker by 0.7% during the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company's stock worth $1,911,000 after acquiring an additional 174 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Stanley Black & Decker by 8.8% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company's stock worth $166,000 after acquiring an additional 174 shares during the period. RB Capital Management LLC grew its holdings in Stanley Black & Decker by 1.8% during the 1st quarter. RB Capital Management LLC now owns 9,937 shares of the industrial products company's stock worth $764,000 after acquiring an additional 175 shares during the period. Finally, Allworth Financial LP grew its holdings in Stanley Black & Decker by 9.2% during the 1st quarter. Allworth Financial LP now owns 2,321 shares of the industrial products company's stock worth $178,000 after acquiring an additional 195 shares during the period. Institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on SWK. Wells Fargo & Company increased their target price on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Jefferies Financial Group set a $86.00 target price on shares of Stanley Black & Decker and gave the stock a "buy" rating in a report on Monday, August 18th. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. UBS Group cut their price objective on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, Wall Street Zen cut Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $89.40.

Stanley Black & Decker Stock Up 4.8%

Stanley Black & Decker stock opened at $78.30 on Friday. The stock has a market capitalization of $12.12 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 1.73 and a beta of 1.16. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average of $72.12 and a 200-day moving average of $70.64.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The company had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.01 billion. During the same quarter in the prior year, the company earned $1.09 earnings per share. The business's quarterly revenue 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. On average, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's payout ratio is currently 105.40%.

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.

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