Man Group plc Purchases New Position in Stanley Black & Decker, Inc. $SWK

Key Points

• Man Group plc acquired 166,460 shares of Stanley Black & Decker in the second quarter, worth approximately $15.7 million, while institutional investors collectively own 87.77% of the company.
• Analysts maintain a broadly neutral outlook, with a consensus “Hold” rating and an average price target of $92.25; the stock recently traded at $99.31.
• Stanley Black & Decker reported quarterly EPS of $1.57, exceeding estimates of $1.21, and raised its quarterly dividend to $0.84 per share, producing an annualized yield of about 3.4%.

Man Group plc acquired a new position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 166,460 shares of the industrial products company's stock, valued at approximately $15,667,000. Man Group plc owned about 0.11% of Stanley Black & Decker at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Chapman Financial Group LLC purchased a new position in shares of Stanley Black & Decker in the second quarter valued at $26,000. CYBER HORNET ETFs LLC purchased a new stake in Stanley Black & Decker during the second quarter valued at $28,000. Kovack Advisors Inc. bought a new position in Stanley Black & Decker during the fourth quarter valued at $28,000. MUFG Securities EMEA plc purchased a new position in shares of Stanley Black & Decker in the 2nd quarter worth $31,000. Finally, Motiv8 Investments LLC bought a new stake in shares of Stanley Black & Decker in the 4th quarter worth about $31,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on SWK. Wall Street Zen raised shares of Stanley Black & Decker from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. Weiss Ratings raised Stanley Black & Decker from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Robert W. Baird set a $84.00 price objective on Stanley Black & Decker in a research report on Thursday, April 30th. Wells Fargo & Company raised their price objective on Stanley Black & Decker from $80.00 to $90.00 and gave the company an "equal weight" rating in a research note on Thursday, June 18th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $93.00 target price on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $92.25.

Stanley Black & Decker Stock Down 0.5%

Shares of NYSE:SWK opened at $99.31 on Friday. The firm has a market capitalization of $15.00 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16. The business has a 50 day simple moving average of $94.22 and a two-hundred day simple moving average of $83.62. Stanley Black & Decker, Inc. has a 1 year low of $61.90 and a 1 year high of $104.68. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 0.55.

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

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a $0.84 dividend. The ex-dividend date is Tuesday, September 8th. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.83. This represents a $3.36 dividend on an annualized basis and a yield of 3.4%. Stanley Black & Decker's payout ratio is 81.95%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source