Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Holdings in Stanley Black & Decker, Inc. $SWK

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Stanley Black & Decker by 31.3%, selling 9,200 shares for a total of 20,207 shares remaining, valued at approximately $1.55 million.
• Analysts have revised their ratings on SWK, with Wolfe Research upgrading it to "peer perform," while other firms like UBS and JPMorgan lowered their price targets significantly.
• Stanley Black & Decker recently declared a quarterly dividend increase to $0.83, representing a 4.5% yield, despite having a payout ratio of 105.40%.

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 31.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 20,207 shares of the industrial products company's stock after selling 9,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Stanley Black & Decker were worth $1,554,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SWK. Prudential PLC bought a new position in Stanley Black & Decker in the 1st quarter valued at $427,000. Resona Asset Management Co. Ltd. increased its holdings in shares of Stanley Black & Decker by 16.8% in the first quarter. Resona Asset Management Co. Ltd. now owns 70,594 shares of the industrial products company's stock worth $5,415,000 after purchasing an additional 10,159 shares during the period. Public Sector Pension Investment Board raised its position in shares of Stanley Black & Decker by 8.3% in the first quarter. Public Sector Pension Investment Board now owns 20,887 shares of the industrial products company's stock worth $1,606,000 after buying an additional 1,594 shares in the last quarter. AIA Group Ltd boosted its stake in Stanley Black & Decker by 256.1% during the first quarter. AIA Group Ltd now owns 15,321 shares of the industrial products company's stock valued at $1,178,000 after buying an additional 11,018 shares during the period. Finally, Clean Energy Transition LLP grew its position in Stanley Black & Decker by 85.2% during the first quarter. Clean Energy Transition LLP now owns 1,373,433 shares of the industrial products company's stock worth $105,590,000 after buying an additional 632,029 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock traded down $2.2020 during mid-day trading on Wednesday, reaching $74.0080. 1,840,391 shares of the stock traded hands, compared to its average volume of 2,162,583. 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, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88. The stock has a market capitalization of $11.46 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 1.68 and a beta of 1.16. The business's 50-day moving average is $69.81 and its 200-day moving average is $71.69.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.70. The company had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $4.01 billion. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The firm's revenue was down 6.2% compared to the same quarter last year. During the same quarter last 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, sell-side analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 4.5%. The ex-dividend date 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 104.13%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SWK. Robert W. Baird increased their price target on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $80.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Wells Fargo & Company increased their price objective on Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Barclays decreased their price objective on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. cut 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 equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average 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.