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

Several other institutional investors have also added to or reduced their stakes in SWK. Golden State Wealth Management LLC boosted its stake in 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 during the last quarter. Hanson & Doremus Investment Management purchased a new stake in Stanley Black & Decker during the 1st quarter valued at $31,000. TD Private Client Wealth LLC raised its stake in Stanley Black & Decker by 830.4% during the 1st 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 purchased a new stake in Stanley Black & Decker during the 1st quarter valued at $43,000. Finally, WASHINGTON TRUST Co raised its stake in Stanley Black & Decker by 530.1% during the 1st quarter. WASHINGTON TRUST Co now owns 838 shares of the industrial products company's stock valued at $64,000 after buying an additional 705 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

Shares of SWK stock traded down $0.99 during mid-day trading on Thursday, hitting $74.75. The company had a trading volume of 654,375 shares, compared to its average volume of 2,391,459. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88. The stock's 50 day moving average price is $70.95 and its 200-day moving average price is $71.35. 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 company has a market capitalization of $11.57 billion, a P/E ratio of 23.71, a P/E/G ratio of 1.66 and a beta of 1.16.

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 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 the consensus estimate of $4.01 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The company's quarterly revenue 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 research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.4%. 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. Stanley Black & Decker's payout ratio is 104.13%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of 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 shares of Stanley Black & Decker and gave the stock a "buy" rating in a research note on Monday, August 18th. Wolfe Research upgraded shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. Wells Fargo & Company lifted their price target on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $80.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Five research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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.