GAMMA Investing LLC Increases Holdings in Stanley Black & Decker, Inc. $SWK

Key Points

• GAMMA Investing LLC increased its holdings in Stanley Black & Decker by 133.7% during the second quarter, owning a total of 10,564 shares worth approximately $716,000.
• Major institutional investors, including Ridgewood Investments LLC and CX Institutional, also significantly boosted their positions in Stanley Black & Decker, indicating increasing confidence in the company.
• Despite recent performance indicating a revenue decline, the company announced a quarterly dividend increase from $0.82 to $0.83 per share, demonstrating a stable commitment to returning value to shareholders.

GAMMA Investing LLC grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 133.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,564 shares of the industrial products company's stock after acquiring an additional 6,043 shares during the period. GAMMA Investing LLC's holdings in Stanley Black & Decker were worth $716,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Ridgewood Investments LLC increased its holdings in shares of Stanley Black & Decker by 142.4% in the second quarter. Ridgewood Investments LLC now owns 4,000 shares of the industrial products company's stock worth $271,000 after purchasing an additional 2,350 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Stanley Black & Decker by 41.0% in the second quarter. Farther Finance Advisors LLC now owns 4,630 shares of the industrial products company's stock worth $314,000 after purchasing an additional 1,347 shares during the last quarter. CX Institutional increased its holdings in shares of Stanley Black & Decker by 294.1% in the second quarter. CX Institutional now owns 2,187 shares of the industrial products company's stock worth $148,000 after purchasing an additional 1,632 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Stanley Black & Decker by 43.1% in the second quarter. UMB Bank n.a. now owns 1,869 shares of the industrial products company's stock worth $127,000 after purchasing an additional 563 shares during the last quarter. Finally, Global X Japan Co. Ltd. increased its holdings in shares of Stanley Black & Decker by 45.3% in the second quarter. Global X Japan Co. Ltd. now owns 9,979 shares of the industrial products company's stock worth $676,000 after purchasing an additional 3,111 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Barclays reduced their target price 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. Wall Street Zen cut Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Robert W. Baird boosted their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group reissued a "neutral" rating and set a $80.00 price objective on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Finally, Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. 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, the company currently has an average rating of "Hold" and a consensus price target of $89.40.

Stanley Black & Decker Trading Down 0.2%

Shares of NYSE SWK opened at $75.12 on Thursday. The stock has a market capitalization of $11.63 billion, a P/E ratio of 23.85, a PEG ratio of 1.65 and a beta of 1.16. The business's 50 day moving average is $73.75 and its two-hundred day moving average is $69.94. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. 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 (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, beating analysts' consensus estimates of $0.38 by $0.70. The firm had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $4.01 billion. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The company's quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. As a group, research analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.83 per share. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. Stanley Black & Decker's payout ratio is currently 105.40%.

Stanley Black & Decker 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.

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