Northern Trust Corp Has $120.81 Million Stock Holdings in Stanley Black & Decker, Inc. $SWK

Key Points

• Northern Trust Corp increased its stake in Stanley Black & Decker by 9.2% during the first quarter, acquiring a total of 1,571,420 shares worth approximately $120.8 million.
• Stanley Black & Decker reported quarterly earnings of $1.08 per share, significantly above analysts' expectations of $0.38, despite a 6.2% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.83 per share, increasing from its previous payout of $0.82, with a dividend yield of 4.3%.

Northern Trust Corp increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 9.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,571,420 shares of the industrial products company's stock after purchasing an additional 132,509 shares during the period. Northern Trust Corp owned approximately 1.02% of Stanley Black & Decker worth $120,811,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Versor Investments LP boosted its holdings in Stanley Black & Decker by 38.3% in the first quarter. Versor Investments LP now owns 23,175 shares of the industrial products company's stock worth $1,782,000 after purchasing an additional 6,421 shares in the last quarter. Affinity Investment Advisors LLC boosted its holdings in Stanley Black & Decker by 19.1% in the first quarter. Affinity Investment Advisors LLC now owns 3,043 shares of the industrial products company's stock worth $234,000 after purchasing an additional 488 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Stanley Black & Decker by 33.3% in the first quarter. Raymond James Financial Inc. now owns 259,045 shares of the industrial products company's stock worth $19,915,000 after purchasing an additional 64,666 shares in the last quarter. American Century Companies Inc. lifted its position in Stanley Black & Decker by 26.5% during the 1st quarter. American Century Companies Inc. now owns 28,605 shares of the industrial products company's stock worth $2,199,000 after acquiring an additional 5,995 shares during the last quarter. Finally, Aberdeen Group plc boosted its holdings in Stanley Black & Decker by 91.8% during the first quarter. Aberdeen Group plc now owns 134,668 shares of the industrial products company's stock valued at $10,168,000 after acquiring an additional 64,445 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Performance

Shares of SWK traded up $0.59 during trading hours on Wednesday, reaching $75.78. 1,816,747 shares of the company traded hands, compared to its average volume of 2,402,495. The stock's fifty day moving average is $70.73 and its 200 day moving average is $71.32. The stock has a market cap of $11.73 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 1.69 and a beta of 1.16. 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 1-year low of $53.91 and a 1-year high of $110.88.

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 analysts' consensus estimates 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 analyst estimates of $4.01 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The firm's revenue for the quarter 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. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 4.4%. This is a boost 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 dividend payout ratio (DPR) is currently 105.40%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SWK shares. Wolfe Research upgraded shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Barclays decreased their price target on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company 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. Robert W. Baird upped 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. Finally, Jefferies Financial Group set a $86.00 price target on shares of Stanley Black & Decker and gave the company a "buy" rating in a report on Monday, August 18th. 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. According to MarketBeat, the stock presently 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.