Flputnam Investment Management Co. Purchases Shares of 22,011 Stanley Black & Decker, Inc. $SWK

Key Points

• Flputnam Investment Management acquired 22,011 shares of Stanley Black & Decker worth approximately $2.07 million during the second quarter. Institutional investors collectively own 87.77% of the company.
• Stanley Black & Decker reported quarterly EPS of $1.57, beating estimates of $1.21, while revenue reached $3.96 billion and rose 0.4% year over year.
• The company increased its quarterly dividend from $0.83 to $0.84 per share, equivalent to an annualized $3.36 dividend and a 3.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $92.25.

Flputnam Investment Management Co. purchased a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 22,011 shares of the industrial products company's stock, valued at approximately $2,072,000.

Several other institutional investors also recently modified their holdings of the stock. Chapman Financial Group LLC purchased a new stake in Stanley Black & Decker during the second quarter valued at about $26,000. CYBER HORNET ETFs LLC purchased a new stake in Stanley Black & Decker in the second quarter worth approximately $28,000. Kovack Advisors Inc. bought a new position in Stanley Black & Decker during the fourth quarter valued at approximately $28,000. Motiv8 Investments LLC purchased a new position in shares of Stanley Black & Decker during the fourth quarter worth approximately $31,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Stanley Black & Decker in the 2nd quarter worth approximately $31,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Down 2.5%

NYSE SWK opened at $99.56 on Tuesday. Stanley Black & Decker, Inc. has a 1 year low of $61.90 and a 1 year high of $104.68. The stock has a market capitalization of $15.04 billion, a PE ratio of 24.28, a PEG ratio of 1.38 and a beta of 1.16. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 0.55. The business's 50-day moving average is $91.61 and its 200 day moving average is $82.66.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.36. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%.The business had revenue of $3.96 billion during the quarter, compared to analysts' expectations of $3.97 billion. During the same quarter last year, the business posted $1.08 EPS. The business's revenue was up .4% on a year-over-year basis. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.53 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 8th. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.83. Stanley Black & Decker's payout ratio is presently 80.98%.

Analyst Upgrades and Downgrades

SWK has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the company an "underweight" rating in a research note on Friday, May 1st. Citigroup boosted their price target on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Wall Street Zen upgraded shares of Stanley Black & Decker from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. The Goldman Sachs Group reiterated a "neutral" rating and issued a $93.00 price objective on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Finally, Weiss Ratings raised Stanley Black & Decker from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $92.25.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc NYSE: SWK is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company's portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.

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