Goelzer Investment Management Inc. Grows Position in Stanley Black & Decker, Inc. $SWK

Key Points

• Goelzer Investment Management Inc. has increased its holdings in Stanley Black & Decker by 50.9%, owning 74,867 shares valued at $5,072,000.
• Stanley Black & Decker recently declared a quarterly dividend of $0.83, up from $0.82, with a current yield of 4.3%.
• The stock has a consensus rating of Hold among analysts, with a current price target of $89.40.

Goelzer Investment Management Inc. raised its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 50.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,867 shares of the industrial products company's stock after buying an additional 25,254 shares during the quarter. Goelzer Investment Management Inc.'s holdings in Stanley Black & Decker were worth $5,072,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Stanley Black & Decker by 18.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,435 shares of the industrial products company's stock valued at $1,494,000 after buying an additional 3,009 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in shares of Stanley Black & Decker in the first quarter valued at $245,000. GAMMA Investing LLC raised its stake in shares of Stanley Black & Decker by 40.5% in the first quarter. GAMMA Investing LLC now owns 4,521 shares of the industrial products company's stock valued at $348,000 after buying an additional 1,304 shares during the period. Private Advisor Group LLC raised its stake in shares of Stanley Black & Decker by 2.1% in the first quarter. Private Advisor Group LLC now owns 14,441 shares of the industrial products company's stock valued at $1,110,000 after buying an additional 292 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Stanley Black & Decker by 4.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,106,225 shares of the industrial products company's stock valued at $85,047,000 after buying an additional 48,471 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Trading Down 3.4%

SWK stock traded down $2.73 during trading on Friday, hitting $76.64. 5,995,056 shares of the company traded hands, compared to its average volume of 2,113,721. The firm has a market capitalization of $11.86 billion, a PE ratio of 24.33, a P/E/G ratio of 1.69 and a beta of 1.16. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88. The company has a 50-day moving average of $73.46 and a 200-day moving average of $70.07. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, beating 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 company had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.01 billion. During the same period in the prior year, the business posted $1.09 EPS. Stanley Black & Decker's quarterly revenue was down 6.2% compared to the same quarter last year. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.83 dividend. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date was Tuesday, September 2nd. This represents a $3.32 annualized dividend and a yield of 4.3%. Stanley Black & Decker's dividend payout ratio (DPR) is 105.40%.

Analysts Set New Price Targets

A number of analysts recently issued reports on SWK shares. The Goldman Sachs Group reiterated a "neutral" rating and set a $80.00 price objective on shares of Stanley Black & Decker in a research note 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 research note on Wednesday, July 30th. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. Jefferies Financial Group set a $86.00 price objective on Stanley Black & Decker and gave the company a "buy" rating in a research note on Monday, August 18th. Finally, Wells Fargo & Company boosted their price objective on Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $89.40.

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.