NORTHSTAR ASSET MANAGEMENT Co Has $241,000 Holdings in Stanley Black & Decker, Inc. $SWK

Key Points

• NORTHSTAR ASSET MANAGEMENT Co reduced its holdings in Stanley Black & Decker, Inc. by 54.4%, now owning 3,555 shares worth approximately $241,000 as of its latest SEC filing.
• Stanley Black & Decker reported earnings per share of $1.08 for the last quarter, significantly outperforming the consensus estimate of $0.38, despite a 6.2% drop in revenue year-over-year.
• The company has recently increased its quarterly dividend to $0.83, resulting in a 4.5% yield, although its dividend payout ratio stands at a high 105.40%.

NORTHSTAR ASSET MANAGEMENT Co lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 54.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,555 shares of the industrial products company's stock after selling 4,235 shares during the quarter. NORTHSTAR ASSET MANAGEMENT Co's holdings in Stanley Black & Decker were worth $241,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Golden State Wealth Management LLC increased its stake in Stanley Black & Decker by 1,138.5% in the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 296 shares during the period. 1248 Management LLC bought a new stake in Stanley Black & Decker during the first quarter worth about $26,000. Princeton Global Asset Management LLC bought a new stake in Stanley Black & Decker during the 2nd quarter worth approximately $25,000. Hanson & Doremus Investment Management bought a new position in shares of Stanley Black & Decker in the first quarter valued at about $31,000. Finally, TD Private Client Wealth LLC raised its stake in shares of Stanley Black & Decker by 830.4% in the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock worth $33,000 after acquiring an additional 382 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

SWK opened at $73.83 on Friday. The firm has a 50-day moving average of $73.88 and a 200 day moving average of $69.79. 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 has a market cap of $11.43 billion, a P/E ratio of 23.44, a PEG ratio of 1.61 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results 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 company 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 earned $1.09 earnings per share. The firm'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, research analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 4.5%. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Tuesday, September 2nd. Stanley Black & Decker's dividend payout ratio is presently 105.40%.

Analysts Set New Price Targets

Several research firms have recently weighed in on SWK. Robert W. Baird lifted their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. The Goldman Sachs Group restated a "neutral" rating and set a $80.00 target price on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Jefferies Financial Group set a $86.00 price objective on Stanley Black & Decker and gave the company 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 note on Saturday, July 26th. Finally, Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. 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 company. Based on data from MarketBeat.com, Stanley Black & Decker has a consensus rating of "Hold" and a consensus target price of $89.40.

About Stanley Black & Decker

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.