Gilman Hill Asset Management LLC Buys 35,863 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

• Gilman Hill Asset Management LLC increased its stake in Stanley Black & Decker by 33.1%, owning a total of 144,299 shares worth approximately $9.8 million, making the stock the firm's 11th largest holding.
• Stanley Black & Decker reported earnings of $1.08 per share for the last quarter, significantly exceeding analysts' expectations of $0.38, although revenue decreased by 6.2% year-over-year.
• The company announced a quarterly dividend increase to $0.83 per share, resulting in an annualized yield of 4.3%, despite a payout ratio exceeding 105%.

Gilman Hill Asset Management LLC increased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 33.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 144,299 shares of the industrial products company's stock after acquiring an additional 35,863 shares during the quarter. Stanley Black & Decker makes up about 1.6% of Gilman Hill Asset Management LLC's portfolio, making the stock its 11th largest position. Gilman Hill Asset Management LLC owned approximately 0.09% of Stanley Black & Decker worth $9,776,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SWK. Vontobel Holding Ltd. increased its holdings in Stanley Black & Decker by 3.8% during the first quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company's stock worth $345,000 after buying an additional 165 shares during the last quarter. Parallel Advisors LLC increased its holdings in Stanley Black & Decker by 15.0% during the second quarter. Parallel Advisors LLC now owns 1,313 shares of the industrial products company's stock worth $89,000 after buying an additional 171 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its holdings in Stanley Black & Decker by 0.7% during the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company's stock worth $1,911,000 after buying an additional 174 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Stanley Black & Decker by 8.8% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company's stock worth $166,000 after buying an additional 174 shares during the last quarter. Finally, RB Capital Management LLC lifted its position in shares of Stanley Black & Decker by 1.8% during the 1st quarter. RB Capital Management LLC now owns 9,937 shares of the industrial products company's stock valued at $764,000 after buying an additional 175 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $80.00 price target on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Jefferies Financial Group set a $86.00 target price on shares of Stanley Black & Decker and gave the stock a "buy" rating in a research note on Monday, August 18th. Robert W. Baird lifted their target price on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Wall Street Zen downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Barclays reduced their price objective on shares of 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. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $89.40.

Stanley Black & Decker Stock Down 3.4%

Shares of NYSE:SWK traded down $2.73 during midday trading on Friday, reaching $76.64. The company's stock had a trading volume of 5,995,056 shares, compared to its average volume of 2,113,721. The firm has a 50 day moving average of $73.46 and a 200-day moving average of $70.07. The firm has a market capitalization of $11.86 billion, a P/E ratio of 24.33, a PEG ratio of 1.69 and a beta of 1.16. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.70. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.01 billion. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The company's revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 EPS. 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 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was 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 (DPR) is presently 105.40%.

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.