Martin Capital Partners LLC Acquires New Stake in Stanley Black & Decker, Inc. $SWK

Key Points

• Martin Capital Partners LLC acquired a new stake in Stanley Black & Decker, Inc., purchasing 7,485 shares worth approximately $507,000 during the 2nd quarter.
• Stanley Black & Decker recently increased its quarterly dividend to $0.83 per share, representing an annualized yield of 4.3%.
• The company's stock has seen a 2.4% decline recently, and analysts currently have a consensus rating of "Hold" with a price target of $89.40.

Martin Capital Partners LLC acquired a new stake 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 & Exchange Commission. The institutional investor acquired 7,485 shares of the industrial products company's stock, valued at approximately $507,000.

Several other institutional investors have also bought and sold shares of SWK. Ameriprise Financial Inc. lifted its stake in Stanley Black & Decker by 59.8% in the first quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company's stock valued at $272,294,000 after purchasing an additional 1,326,113 shares during the last quarter. Vulcan Value Partners LLC purchased a new stake in shares of Stanley Black & Decker during the first quarter worth $72,063,000. Clean Energy Transition LLP lifted its position in shares of Stanley Black & Decker by 85.2% during the first quarter. Clean Energy Transition LLP now owns 1,373,433 shares of the industrial products company's stock worth $105,590,000 after acquiring an additional 632,029 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Stanley Black & Decker by 29.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company's stock worth $201,497,000 after acquiring an additional 601,667 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Stanley Black & Decker during the first quarter worth $31,811,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. The Goldman Sachs Group restated a "neutral" rating and set a $80.00 target price on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Wall Street Zen cut shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a report 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 report on Monday, August 18th. Wells Fargo & Company upped 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 report on Wednesday, July 30th. Finally, Robert W. Baird upped their price target on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $89.40.

Stanley Black & Decker Stock Down 2.4%

SWK opened at $77.59 on Monday. The stock has a market cap of $12.01 billion, a PE ratio of 24.63, a P/E/G ratio of 1.71 and a beta of 1.16. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The business's fifty day simple moving average is $72.86 and its 200 day simple moving average is $70.18.

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, beating analysts' consensus estimates of $0.38 by $0.70. The business had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $4.01 billion. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The firm's revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. As a group, research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.3%. 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 payout ratio is 105.40%.

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.

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