Jupiter Topco LLC Buys New Holdings in Stanley Black & Decker, Inc. $SWK

Key Points

• Jupiter Topco acquired 67,888 Stanley Black & Decker shares worth approximately $6.4 million during the second quarter. Several other major institutional investors also initiated positions, with institutions and hedge funds collectively owning 87.77% of the stock.
• Analysts maintain a largely cautious outlook: SWK has an average “Hold” rating and a consensus price target of $92.25, below its reported share price of $97.86. Citigroup raised its target to $107, while Goldman Sachs and Morgan Stanley set targets of $93 and $96, respectively.
• Stanley Black & Decker exceeded quarterly earnings expectations with EPS of $1.57 versus the $1.21 consensus, while revenue reached $3.96 billion. The company also increased its quarterly dividend to $0.84 per share, providing a 3.4% annualized yield.

Jupiter Topco LLC purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 67,888 shares of the industrial products company's stock, valued at approximately $6,391,000.

A number of other hedge funds have also recently added to or reduced their stakes in SWK. Hsbc Holdings PLC bought a new position in shares of Stanley Black & Decker in the 2nd quarter worth $19,610,000. Canada Pension Plan Investment Board bought a new stake in Stanley Black & Decker during the 2nd quarter valued at $17,384,000. Kinloch Capital LLC acquired a new position in Stanley Black & Decker during the second quarter worth $5,155,000. Legal & General Group Plc bought a new position in shares of Stanley Black & Decker in the second quarter valued at $31,771,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Stanley Black & Decker during the second quarter valued at about $32,541,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SWK shares. Weiss Ratings upgraded shares of Stanley Black & Decker from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 31st. Wall Street Zen downgraded Stanley Black & Decker from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Citigroup raised their target price on Stanley Black & Decker from $100.00 to $107.00 and gave the company a "buy" rating in a report on Friday, July 31st. The Goldman Sachs Group reiterated a "neutral" rating and set a $93.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Finally, Morgan Stanley set a $96.00 price target on Stanley Black & Decker in a research report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $92.25.

Stanley Black & Decker Trading Up 0.1%

Shares of SWK stock opened at $97.86 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.43. The company has a market capitalization of $14.78 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 1.31 and a beta of 1.16. Stanley Black & Decker, Inc. has a 52-week low of $61.90 and a 52-week high of $104.68. The company has a 50-day simple moving average of $94.44 and a two-hundred day simple moving average of $83.68.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.36. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%.The company's revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.08 EPS. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Research analysts anticipate that Stanley Black & Decker, Inc. will post 5.57 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.36 annualized dividend and a dividend yield of 3.4%. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.83. Stanley Black & Decker's payout ratio is 80.98%.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc NYSE: SWK is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company's portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.

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