4,102 Shares in Stanley Black & Decker, Inc. $SWK Bought by Fiduciary Alliance LLC

Key Points

• Fiduciary Alliance LLC acquired a new position in Stanley Black & Decker, purchasing 4,102 shares valued at approximately $278,000 during the second quarter.
• The company's quarterly earnings surpassed analysts' expectations, reporting $1.08 EPS against a consensus estimate of $0.38, although revenue declined by 6.2% year-over-year.
• Stanley Black & Decker increased its quarterly dividend to $0.83, resulting in an annual dividend yield of 4.2%, despite a payout ratio of 105.40%.

Fiduciary Alliance LLC bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,102 shares of the industrial products company's stock, valued at approximately $278,000.

Several other hedge funds have also recently made changes to their positions in the business. Czech National Bank raised its position in shares of Stanley Black & Decker by 6.8% in the 2nd quarter. Czech National Bank now owns 37,817 shares of the industrial products company's stock worth $2,562,000 after acquiring an additional 2,408 shares in the last quarter. Martin Capital Partners LLC bought a new position in shares of Stanley Black & Decker in the 2nd quarter worth about $507,000. Parallel Advisors LLC raised its position in shares of Stanley Black & Decker by 15.0% in the 2nd quarter. Parallel Advisors LLC now owns 1,313 shares of the industrial products company's stock worth $89,000 after acquiring an additional 171 shares in the last quarter. Investors Research Corp raised its position in shares of Stanley Black & Decker by 54.1% in the 2nd quarter. Investors Research Corp now owns 13,954 shares of the industrial products company's stock worth $945,000 after acquiring an additional 4,900 shares in the last quarter. Finally, Roxbury Financial LLC bought a new position in shares of Stanley Black & Decker in the 2nd quarter worth about $93,000. 87.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SWK has been the subject of several research reports. The Goldman Sachs Group restated a "neutral" rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Jefferies Financial Group set a $86.00 target price on Stanley Black & Decker and gave the company a "buy" rating in a research note on Monday, August 18th. 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. Barclays reduced 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. Finally, Robert W. Baird lifted their price target on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Five 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. According to data from MarketBeat.com, Stanley Black & Decker currently has an average rating of "Hold" and a consensus price target of $89.40.

Stanley Black & Decker Stock Performance

SWK stock traded down $2.73 during midday trading on Friday, reaching $76.64. 5,995,056 shares of the company's stock traded hands, compared to its average volume of 2,113,721. The company has a 50-day moving average price of $73.46 and a two-hundred day moving average price of $70.07. The firm has a market capitalization of $11.86 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.16. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88.

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 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.70. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.01 billion. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The business's revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 EPS. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. As a group, equities 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 was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.83 per share. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date was Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.3%. Stanley Black & Decker's dividend payout ratio (DPR) is presently 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.