Korea Investment CORP Decreases Holdings in Stanley Black & Decker, Inc. $SWK

Key Points

• Korea Investment CORP has reduced its stake in Stanley Black & Decker by 6.5%, selling 8,878 shares and now holding 127,816 shares worth approximately $9.83 million.
• The company recently reported quarterly earnings of $1.08 EPS, exceeding analyst estimates, although its revenue of $3.95 billion fell short of expectations and was down 6.2% year-over-year.
• Stanley Black & Decker has increased its quarterly dividend to $0.83, with a current yield of 4.5%, highlighting a commitment to return value to shareholders.

Korea Investment CORP lessened its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 6.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 127,816 shares of the industrial products company's stock after selling 8,878 shares during the quarter. Korea Investment CORP owned approximately 0.08% of Stanley Black & Decker worth $9,826,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. XTX Topco Ltd purchased a new stake in Stanley Black & Decker in the 4th quarter worth about $286,000. Jump Financial LLC bought a new position in Stanley Black & Decker during the fourth quarter worth about $632,000. Dimensional Fund Advisors LP increased its stake in shares of Stanley Black & Decker by 15.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,019,460 shares of the industrial products company's stock worth $162,139,000 after purchasing an additional 277,352 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Stanley Black & Decker by 1.9% in the fourth quarter. MetLife Investment Management LLC now owns 40,792 shares of the industrial products company's stock valued at $3,275,000 after purchasing an additional 768 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Stanley Black & Decker by 93.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,009 shares of the industrial products company's stock valued at $1,044,000 after buying an additional 6,281 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently 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. JPMorgan Chase & Co. reduced their price target on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research report on Monday, May 5th. Wells Fargo & Company increased 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. Robert W. Baird lifted their target price on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Finally, UBS Group decreased their price target on 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 analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Stanley Black & Decker presently has a consensus rating of "Hold" and a consensus price target of $89.40.

Stanley Black & Decker Price Performance

Shares of SWK traded down $1.22 during trading hours on Tuesday, reaching $75.25. 1,083,850 shares of the company's stock traded hands, compared to its average volume of 2,395,939. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $110.88. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The stock has a market cap of $11.65 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 1.71 and a beta of 1.16. The firm's 50 day simple moving average is $70.51 and its 200-day simple moving average is $71.29.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the firm posted $1.09 earnings per share. Stanley Black & Decker's quarterly revenue was down 6.2% on a year-over-year basis. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Equities 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 declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend 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 of this dividend is Tuesday, September 2nd. Stanley Black & Decker's dividend payout ratio is presently 104.13%.

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.