Great Lakes Advisors LLC Invests $701,000 in Stanley Black & Decker, Inc. $SWK

Key Points

• Great Lakes Advisors LLC invested $701,000 in Stanley Black & Decker, Inc., acquiring 9,114 shares in the first quarter.
• Stanley Black & Decker reported earnings of $1.08 EPS, exceeding estimates of $0.38, though their revenue fell short at $3.95 billion.
• The company announced a quarterly dividend increase to $0.83 per share, representing a 4.2% yield, with a payout ratio of 105.40%.

Great Lakes Advisors LLC acquired a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,114 shares of the industrial products company's stock, valued at approximately $701,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SWK. Golden State Wealth Management LLC raised its holdings in Stanley Black & Decker by 1,138.5% in the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock worth $25,000 after buying an additional 296 shares during the last quarter. 1248 Management LLC purchased a new position in shares of Stanley Black & Decker during the 1st quarter worth $26,000. Hanson & Doremus Investment Management purchased a new stake in Stanley Black & Decker in the first quarter worth about $31,000. TD Private Client Wealth LLC lifted its holdings in Stanley Black & Decker by 830.4% during the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 382 shares in the last quarter. Finally, CX Institutional purchased a new stake in Stanley Black & Decker in the 1st quarter worth $43,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $79.59 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The stock has a market capitalization of $12.32 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 1.70 and a beta of 1.16. The firm's 50 day simple moving average is $72.73 and its 200-day simple moving average is $70.47. 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 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.70. The business had revenue of $3.95 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. 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 declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.83 dividend. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.32 annualized dividend and a dividend yield of 4.2%. Stanley Black & Decker's dividend payout ratio is currently 105.40%.

Analyst Ratings Changes

SWK has been the subject of a number of research analyst reports. The Goldman Sachs Group restated a "neutral" rating and set a $80.00 price objective on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Wolfe Research raised shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. Robert W. Baird lifted their price target 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. Jefferies Financial Group set a $86.00 target price on Stanley Black & Decker and gave the company a "buy" rating in a research report on Monday, August 18th. Finally, Wall Street Zen downgraded Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $89.40.

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.

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