NFJ Investment Group LLC Reduces Stock Holdings in Stanley Black & Decker, Inc. $SWK

Key Points

• NFJ Investment Group LLC reduced its stake in Stanley Black & Decker by 1.1% after selling 5,148 shares, now holding a total of 452,131 shares.
• Stanley Black & Decker announced a quarterly dividend of $0.83 per share, representing a 4.4% yield, and an increase from the previous dividend of $0.82.
• The company reported earnings of $1.08 EPS for the last quarter, significantly surpassing analysts' expectations of $0.38 EPS, despite a revenue decline of 6.2% year-over-year.

NFJ Investment Group LLC lessened its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 452,131 shares of the industrial products company's stock after selling 5,148 shares during the period. Stanley Black & Decker accounts for about 1.2% of NFJ Investment Group LLC's portfolio, making the stock its 23rd largest position. NFJ Investment Group LLC owned 0.29% of Stanley Black & Decker worth $34,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Stanley Black & Decker by 18.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,435 shares of the industrial products company's stock valued at $1,494,000 after purchasing an additional 3,009 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of Stanley Black & Decker during the first quarter valued at approximately $245,000. GAMMA Investing LLC boosted its stake in shares of Stanley Black & Decker by 40.5% during the first quarter. GAMMA Investing LLC now owns 4,521 shares of the industrial products company's stock valued at $348,000 after purchasing an additional 1,304 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Stanley Black & Decker by 2.1% in the 1st quarter. Private Advisor Group LLC now owns 14,441 shares of the industrial products company's stock valued at $1,110,000 after buying an additional 292 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Stanley Black & Decker by 17.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,200 shares of the industrial products company's stock valued at $2,079,000 after buying an additional 4,128 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analyst Ratings Changes

SWK has been the topic of a number of recent analyst reports. UBS Group lowered their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. The Goldman Sachs Group restated a "neutral" rating and issued a $80.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Wells Fargo & Company raised their price target 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. Wall Street Zen cut shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Robert W. Baird raised their price target on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of "Hold" and an average target price of $89.40.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK traded up $3.56 during midday trading on Friday, reaching $78.30. The company had a trading volume of 3,181,138 shares, compared to its average volume of 1,993,227. The business's 50-day simple moving average is $72.12 and its 200 day simple moving average is $70.50. The stock has a market cap of $12.12 billion, a P/E ratio of 24.86, a P/E/G ratio of 1.73 and a beta of 1.16. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52.

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 EPS for the quarter, beating the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The business had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.01 billion. During the same period in the previous year, the business posted $1.09 EPS. The business's quarterly revenue was down 6.2% compared to the same quarter last year. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. On average, analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's payout ratio is presently 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.