Mirae Asset Global Investments Co. Ltd. Acquires 5,880 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its holdings in Stanley Black & Decker by 21.6%, acquiring an additional 5,880 shares to reach a total of 33,080 shares, valued at approximately $2.24 million.
• Stanley Black & Decker reported earnings per share (EPS) of $1.08 for the last quarter, exceeding analyst expectations, although revenue was down 6.2% year-over-year.
• The company recently raised its quarterly dividend to $0.83, resulting in a dividend yield of 4.6% despite having a high payout ratio of 105.4%.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 21.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,080 shares of the industrial products company's stock after purchasing an additional 5,880 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Stanley Black & Decker were worth $2,241,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lecap Asset Management Ltd. bought a new stake in Stanley Black & Decker during the 2nd quarter worth approximately $841,000. Naples Global Advisors LLC raised its stake in Stanley Black & Decker by 28.9% during the 2nd quarter. Naples Global Advisors LLC now owns 14,430 shares of the industrial products company's stock worth $978,000 after acquiring an additional 3,239 shares during the period. Cantor Fitzgerald Investment Advisors L.P. raised its stake in Stanley Black & Decker by 49.8% during the 2nd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 217,465 shares of the industrial products company's stock worth $14,733,000 after acquiring an additional 72,250 shares during the period. PFG Investments LLC raised its position in shares of Stanley Black & Decker by 17.8% during the second quarter. PFG Investments LLC now owns 4,169 shares of the industrial products company's stock valued at $282,000 after buying an additional 630 shares during the last quarter. Finally, Chicago Capital LLC bought a new stake in shares of Stanley Black & Decker during the second quarter valued at approximately $254,000. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Down 0.6%

Shares of SWK opened at $72.73 on Thursday. The firm has a market capitalization of $11.26 billion, a P/E ratio of 23.09, a P/E/G ratio of 1.52 and a beta of 1.19. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $109.91. 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 firm has a fifty day moving average price of $74.24 and a 200-day moving average price of $69.41.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share (EPS) 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 analyst estimates 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 revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.83 dividend. The ex-dividend date was Tuesday, September 2nd. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 annualized dividend and a dividend yield of 4.6%. Stanley Black & Decker's dividend payout ratio is presently 105.40%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays reduced their price objective on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. The Goldman Sachs Group reiterated a "neutral" rating and set a $80.00 price objective on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Robert W. Baird lifted their price objective 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. Jefferies Financial Group set a $86.00 target price on shares of Stanley Black & Decker and gave the company a "buy" rating in a report on Monday, August 18th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Stanley Black & Decker in a report on Wednesday. Five equities research 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $89.90.

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.

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