Harbor Capital Advisors Inc. Acquires New Holdings in Stanley Black & Decker, Inc. $SWK

Key Points

• Harbor Capital Advisors Inc. acquired 22,564 shares of Stanley Black & Decker, valued at approximately $1.53 million, during the second quarter, highlighting significant interest from institutional investors.
• Stanley Black & Decker reported earnings of $1.08 per share, exceeding expectations, despite a 6.2% decrease in revenue year-over-year, which indicates a mixed performance in the market.
• The company's quarterly dividend was increased to $0.83 from the previous $0.82, reflecting a commitment to returning value to shareholders despite a dividend payout ratio of 105.40%.

Harbor Capital Advisors Inc. acquired a new stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,564 shares of the industrial products company's stock, valued at approximately $1,529,000.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its position in shares of Stanley Black & Decker by 1,138.5% during the 1st 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 stake in shares of Stanley Black & Decker in the 1st quarter worth approximately $26,000. Hanson & Doremus Investment Management acquired a new stake in Stanley Black & Decker during the first quarter valued at approximately $31,000. TD Private Client Wealth LLC boosted 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 worth $33,000 after buying an additional 382 shares in the last quarter. Finally, Garde Capital Inc. grew its position 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 worth $35,000 after buying an additional 321 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Down 1.9%

Shares of NYSE SWK traded down $1.47 during mid-day trading on Monday, reaching $75.20. The company had a trading volume of 2,351,759 shares, compared to its average volume of 2,233,744. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The company 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 stock has a fifty day moving average of $73.53 and a two-hundred day moving average of $69.87. 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 quarterly earnings data 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. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates 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 for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. As a group, equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders 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 4.4%. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date was Tuesday, September 2nd. Stanley Black & Decker's dividend payout ratio is presently 105.40%.

Analysts Set New Price Targets

SWK has been the subject of several research reports. Wall Street Zen lowered Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the company a "buy" rating in a research report on Monday, August 18th. Wells Fargo & Company boosted their price objective on Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a 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. Finally, 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 report on Tuesday, July 22nd. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.