GSB Wealth Management LLC Increases Position in Stanley Black & Decker, Inc. $SWK

Key Points

• GSB Wealth Management LLC increased its stake in Stanley Black & Decker by 121.1% during the 2nd quarter, bringing their total shares to 8,269, valued at approximately $560,000.
• Stanley Black & Decker reported a net income margin of 3.15% for the last quarter, with earnings per share (EPS) of $1.08, significantly exceeding analyst expectations.
• The company recently raised its quarterly dividend from $0.82 to $0.83 per share, yielding approximately 4.4%, with a payout ratio of 105.40%.

GSB Wealth Management LLC grew its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 121.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,269 shares of the industrial products company's stock after buying an additional 4,529 shares during the period. GSB Wealth Management LLC's holdings in Stanley Black & Decker were worth $560,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of Stanley Black & Decker by 18.3% in the 1st 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 purchased a new stake in shares of Stanley Black & Decker in the 1st quarter valued at approximately $245,000. GAMMA Investing LLC grew its stake in shares of Stanley Black & Decker by 40.5% in the 1st 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 grew its stake in shares of Stanley Black & Decker by 2.1% in the 1st 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, Martin Capital Partners LLC purchased a new stake in shares of Stanley Black & Decker in the 2nd quarter valued at approximately $507,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Price Performance

Shares of SWK opened at $75.20 on Tuesday. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88. The firm's fifty day simple moving average is $73.53 and its 200-day simple moving average is $69.87. The firm has a market capitalization of $11.64 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 1.69 and a beta of 1.16. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the business earned $1.09 EPS. Stanley Black & Decker's revenue for the quarter 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. Equities analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS 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 given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's payout ratio is 105.40%.

Analyst Ratings Changes

A number of research firms recently weighed in on SWK. Wolfe Research raised shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. Barclays lowered 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 report on Wednesday, July 30th. Wells Fargo & Company increased their price objective on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Jefferies Financial Group set a $86.00 price objective on shares of Stanley Black & Decker and gave the stock a "buy" rating in a research report on Monday, August 18th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $80.00 price objective on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average 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.

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