Hotchkis & Wiley Capital Management LLC Sells 201,136 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its stake in Stanley Black & Decker by 13.8% in Q1, currently holding 1,261,139 shares valued at approximately $96.96 million.
• Stanley Black & Decker recently reported $1.08 earnings per share for the quarter, surpassing analysts' expectations, but revenues fell by 6.2% compared to the same quarter last year.
• The company announced an increase in its quarterly dividend to $0.83 per share, resulting in an annualized yield of 4.3%.

Hotchkis & Wiley Capital Management LLC cut its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 13.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,261,139 shares of the industrial products company's stock after selling 201,136 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.82% of Stanley Black & Decker worth $96,956,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its stake 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 valued at $25,000 after buying an additional 296 shares during the last quarter. Hanson & Doremus Investment Management bought a new stake in Stanley Black & Decker in the first quarter valued at $31,000. TD Private Client Wealth LLC lifted its stake in Stanley Black & Decker by 830.4% in the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock valued at $33,000 after buying an additional 382 shares during the last quarter. CX Institutional acquired a new position in shares of Stanley Black & Decker during the first quarter valued at $43,000. Finally, Minot DeBlois Advisors LLC acquired a new position in shares of Stanley Black & Decker during the fourth quarter valued at $65,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Down 1.7%

SWK stock traded down $1.28 during midday trading on Tuesday, reaching $75.19. The company had a trading volume of 2,674,349 shares, compared to its average volume of 2,207,595. The company has a 50 day moving average of $70.51 and a two-hundred day moving average of $71.29. 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, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88. The company has a market capitalization of $11.64 billion, a P/E ratio of 16.84, a PEG ratio of 1.69 and a beta of 1.16.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.70. The firm had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.01 billion. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The business's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. On average, equities research analysts expect 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 will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.83 dividend. The ex-dividend date is Tuesday, September 2nd. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.4%. Stanley Black & Decker's dividend payout ratio is presently 104.13%.

Analysts Set New Price Targets

A number of research analysts have recently commented on SWK shares. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the company a "buy" rating in a report on Monday, August 18th. Barclays lowered their price target on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Wells Fargo & Company raised their price target on Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday, July 30th. 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. Finally, UBS Group dropped their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Five equities research 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's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $89.40.

About Stanley Black & Decker

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.