Landscape Capital Management L.L.C. Trims Holdings in Stanley Black & Decker, Inc. $SWK

Key Points

• Landscape Capital Management L.L.C. has sold 4,574 shares of Stanley Black & Decker, reducing its stake by 40.1%, leaving it with 6,839 shares valued at approximately $526,000.
• The company recently increased its quarterly dividend from $0.82 to $0.83 per share, representing a 4.5% yield based on an annualized amount of $3.32.
• Stanley Black & Decker reported earnings per share of $1.08 for the last quarter, exceeding estimates, but revenue declined 6.2% year-over-year to $3.95 billion.

Landscape Capital Management L.L.C. cut its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 40.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,839 shares of the industrial products company's stock after selling 4,574 shares during the period. Landscape Capital Management L.L.C.'s holdings in Stanley Black & Decker were worth $526,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its holdings in Stanley Black & Decker by 1,138.5% during the first 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 in the last quarter. Hanson & Doremus Investment Management purchased a new position in Stanley Black & Decker during the first quarter valued at $31,000. TD Private Client Wealth LLC lifted its holdings in Stanley Black & Decker by 830.4% during the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 382 shares in the last quarter. CX Institutional purchased a new position in Stanley Black & Decker during the first quarter valued at $43,000. Finally, WASHINGTON TRUST Co lifted its holdings in Stanley Black & Decker by 530.1% during the first quarter. WASHINGTON TRUST Co now owns 838 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 705 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of 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 increased their target price on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group reiterated a "neutral" rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Barclays reduced their target price on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Finally, Wolfe Research upgraded shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $89.40.

Stanley Black & Decker Trading Up 2.2%

Shares of Stanley Black & Decker stock traded up $1.62 on Thursday, reaching $74.47. The company had a trading volume of 783,939 shares, compared to its average volume of 2,381,152. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The firm has a market cap of $11.53 billion, a PE ratio of 23.64, a PEG ratio of 1.64 and a beta of 1.16. The firm's 50 day moving average price is $71.77 and its two-hundred day moving average price is $70.90. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.01 billion. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The business's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Sell-side analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.83 per share. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date is Tuesday, September 2nd. This represents a $3.32 annualized dividend and a yield of 4.5%. Stanley Black & Decker's dividend payout ratio (DPR) is presently 104.13%.

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.