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

Several other large investors have also recently bought and sold shares of the company. Fiduciary Alliance LLC bought a new stake in Stanley Black & Decker in the second quarter valued at approximately $278,000. Czech National Bank raised its position in shares of Stanley Black & Decker by 6.8% in the second quarter. Czech National Bank now owns 37,817 shares of the industrial products company's stock valued at $2,562,000 after purchasing an additional 2,408 shares during the period. Martin Capital Partners LLC bought a new position in shares of Stanley Black & Decker in the second quarter valued at about $507,000. Parallel Advisors LLC raised its position in shares of Stanley Black & Decker by 15.0% in the second quarter. Parallel Advisors LLC now owns 1,313 shares of the industrial products company's stock valued at $89,000 after purchasing an additional 171 shares during the period. Finally, Investors Research Corp increased its position in Stanley Black & Decker by 54.1% during the second quarter. Investors Research Corp now owns 13,954 shares of the industrial products company's stock worth $945,000 after acquiring an additional 4,900 shares during the period. Institutional investors own 87.77% of the company's stock.

Analyst Ratings Changes

SWK has been the topic of a number of recent analyst reports. Robert W. Baird boosted 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 report on Tuesday, July 22nd. Wall Street Zen downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Barclays decreased 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 report on Wednesday, July 30th. Wolfe Research upgraded shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company increased their target price 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. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $89.40.

Stanley Black & Decker Stock Down 3.4%

Shares of SWK stock traded down $2.73 on Friday, hitting $76.64. The stock had a trading volume of 5,995,056 shares, compared to its average volume of 2,113,721. 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 moving average price of $73.46 and a 200 day moving average price of $70.07. The company has a market cap 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 one year low of $53.91 and a one year high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.70. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The company's revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

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

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.