3,940 Shares in Stanley Black & Decker, Inc. $SWK Acquired by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC purchased 3,940 shares of Stanley Black & Decker, valued at approximately $303,000, in the first quarter.
• The company recently declared a quarterly dividend of $0.83 per share, increasing from the previous $0.82, and has a current annual yield of 4.3%.
• Stanley Black & Decker's stock has a consensus rating of "Hold", with an average price target of $89.40 from analysts.

MBB Public Markets I LLC purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,940 shares of the industrial products company's stock, valued at approximately $303,000.

Several other hedge funds and other institutional investors have also modified their holdings of SWK. United Services Automobile Association acquired a new position in Stanley Black & Decker during the first quarter valued at approximately $278,000. Meiji Yasuda Asset Management Co Ltd. boosted its position in Stanley Black & Decker by 9.7% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 122,801 shares of the industrial products company's stock worth $9,441,000 after purchasing an additional 10,815 shares during the period. Great Lakes Advisors LLC acquired a new stake in Stanley Black & Decker in the 1st quarter valued at $701,000. Sciencast Management LP raised its position in Stanley Black & Decker by 5.5% in the first quarter. Sciencast Management LP now owns 4,790 shares of the industrial products company's stock valued at $368,000 after purchasing an additional 249 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Stanley Black & Decker in the first quarter worth about $2,250,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Down 2.4%

Shares of Stanley Black & Decker stock traded down $1.93 during trading on Friday, reaching $77.59. The company had a trading volume of 2,757,528 shares, compared to its average volume of 2,066,530. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. The firm's fifty day moving average is $72.86 and its 200-day moving average is $70.40. The company has a market cap of $12.01 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 1.75 and a beta of 1.16.

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 the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the company earned $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. On average, analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 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 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.83 per share. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 annualized dividend and a yield of 4.3%. Stanley Black & Decker's payout ratio is presently 105.40%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SWK shares. The Goldman Sachs Group reissued a "neutral" rating and set a $80.00 price target on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Barclays decreased 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 note on Wednesday, July 30th. Jefferies Financial Group set a $86.00 price target on shares of Stanley Black & Decker and gave the stock a "buy" rating in a research note on Monday, August 18th. Wall Street Zen cut shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Robert W. Baird lifted their target price on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $89.40.

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.