Oak Thistle LLC acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 15,298 shares of the industrial products company's stock, valued at approximately $1,440,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Cardinal Point Capital Management ULC boosted its position in shares of Stanley Black & Decker by 2.7% in the fourth quarter. Cardinal Point Capital Management ULC now owns 4,800 shares of the industrial products company's stock valued at $357,000 after acquiring an additional 125 shares during the period. Crossmark Global Holdings Inc. increased its position in Stanley Black & Decker by 2.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 4,606 shares of the industrial products company's stock worth $342,000 after acquiring an additional 126 shares during the period. Boothbay Fund Management LLC raised its stake in Stanley Black & Decker by 4.0% in the 4th quarter. Boothbay Fund Management LLC now owns 3,471 shares of the industrial products company's stock worth $258,000 after purchasing an additional 132 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Stanley Black & Decker by 1.5% in the 1st quarter. Bessemer Group Inc. now owns 9,223 shares of the industrial products company's stock valued at $654,000 after purchasing an additional 134 shares during the period. Finally, Assetmark Inc. boosted its holdings in Stanley Black & Decker by 19.9% in the 1st quarter. Assetmark Inc. now owns 880 shares of the industrial products company's stock valued at $63,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.
Stanley Black & Decker Stock Down 1.1%
NYSE SWK opened at $102.87 on Thursday. The business has a fifty day moving average price of $90.27 and a two-hundred day moving average price of $82.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 0.55. Stanley Black & Decker, Inc. has a fifty-two week low of $61.90 and a fifty-two week high of $104.68. The stock has a market capitalization of $15.54 billion, a PE ratio of 25.09, a PEG ratio of 1.41 and a beta of 1.16.
Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.36. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%.The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the company posted $1.08 EPS. The company's revenue for the quarter was up .4% compared to the same quarter last year. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Equities analysts expect that Stanley Black & Decker, Inc. will post 5.53 earnings per share for the current fiscal year.
Stanley Black & Decker Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be given a $0.84 dividend. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.83. This represents a $3.36 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, September 8th. Stanley Black & Decker's dividend payout ratio (DPR) is presently 81.95%.
Analyst Ratings Changes
Several research analysts have recently commented on the stock. Morgan Stanley set a $96.00 target price on shares of Stanley Black & Decker in a report on Monday. Wall Street Zen upgraded Stanley Black & Decker from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. increased their price target on Stanley Black & Decker from $65.00 to $75.00 and gave the stock an "underweight" rating in a research report on Friday, May 1st. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $93.00 price objective on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Finally, Wells Fargo & Company upped their target price on Stanley Black & Decker from $80.00 to $90.00 and gave the company an "equal weight" rating in a research report on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $91.56.
View Our Latest Report on Stanley Black & Decker
Stanley Black & Decker Company Profile
(
Free Report)
Stanley Black & Decker, Inc NYSE: SWK is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company's portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.
Operations are organized across three principal business segments.
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