Godsey & Gibb Inc. Acquires 14,460 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

• Godsey & Gibb Inc. has increased its holdings in Stanley Black & Decker, Inc. by 8.5%, acquiring an additional 14,460 shares, bringing its total ownership to 185,340 shares valued at approximately $12.56 million.
• Stanley Black & Decker recently announced a quarterly dividend increase to $0.83 per share, with a current dividend yield of 4.5% and a payout ratio of 105.40%.
• In the latest earnings report, Stanley Black & Decker exceeded EPS expectations with $1.08 per share, although revenue decreased by 6.2% year-over-year to $3.95 billion.

Godsey & Gibb Inc. increased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 8.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 185,340 shares of the industrial products company's stock after purchasing an additional 14,460 shares during the quarter. Godsey & Gibb Inc. owned 0.12% of Stanley Black & Decker worth $12,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its holdings in shares of Stanley Black & Decker by 1,138.5% during the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 296 shares in the last quarter. 1248 Management LLC bought a new position in shares of Stanley Black & Decker during the first quarter valued at $26,000. Hanson & Doremus Investment Management bought a new position in Stanley Black & Decker in the first quarter valued at about $31,000. TD Private Client Wealth LLC lifted its holdings in Stanley Black & Decker by 830.4% in the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 382 shares during the period. Finally, Garde Capital Inc. lifted its holdings in Stanley Black & Decker by 160.5% in the second quarter. Garde Capital Inc. now owns 521 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 321 shares during the period. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $74.46 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. The business has a 50-day simple moving average of $74.05 and a two-hundred day simple moving average of $69.36. The stock has a market cap of $11.53 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 1.56 and a beta of 1.19. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $109.91.

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 (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The firm had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.01 billion. During the same quarter last year, the business posted $1.09 earnings per share. The firm's revenue was down 6.2% on a year-over-year basis. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. On average, 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. Investors 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. This represents a $3.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Tuesday, September 2nd. Stanley Black & Decker's dividend payout ratio (DPR) is 105.40%.

Analysts Set New Price Targets

A number of research analysts have weighed in on SWK shares. Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Barclays lowered 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. Robert W. Baird increased their target price on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Weiss Ratings reissued a "hold (c)" rating on shares of Stanley Black & Decker in a report on Saturday, September 27th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $80.00 target price on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $89.90.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.