Ethic Inc. Sells 4,829 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

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Ethic Inc. decreased its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 14.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,114 shares of the industrial products company's stock after selling 4,829 shares during the quarter. Ethic Inc.'s holdings in Stanley Black & Decker were worth $2,141,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in SWK. Price T Rowe Associates Inc. MD lifted its holdings in Stanley Black & Decker by 1.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company's stock valued at $1,478,454,000 after purchasing an additional 246,800 shares during the last quarter. Capital Research Global Investors grew its position in Stanley Black & Decker by 126.5% during the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock valued at $440,424,000 after acquiring an additional 3,063,114 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Stanley Black & Decker by 0.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,119,211 shares of the industrial products company's stock valued at $239,805,000 after acquiring an additional 20,742 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Stanley Black & Decker by 29.8% in 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 last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of 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 worth $177,905,000 after purchasing an additional 679,359 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Trading Down 2.9%

Stanley Black & Decker stock traded down $2.2020 during mid-day trading on Wednesday, hitting $74.0080. The company's stock had a trading volume of 1,840,391 shares, compared to its average volume of 2,162,583. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The company has a 50 day moving average of $69.81 and a 200-day moving average of $71.69. The stock has a market cap of $11.46 billion, a PE ratio of 23.49, a P/E/G ratio of 1.68 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly 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. 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 for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The business's 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, research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's dividend payout ratio is currently 104.13%.

Wall Street Analyst Weigh In

A number of analysts recently commented on SWK shares. Wells Fargo & Company raised their price target on Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating 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 report on Tuesday, July 8th. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the company a "buy" rating in a research note on Monday. Wall Street Zen downgraded Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, JPMorgan Chase & Co. lowered their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research report on Monday, May 5th. Five equities research 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 a consensus target price of $89.40.

Stanley Black & Decker Company 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.