Old North State Wealth Management LLC Has $4.06 Million Holdings in Stanley Black & Decker, Inc. $SWK

Key Points

• Old North State Wealth Management LLC increased its stake in Stanley Black & Decker by 27.2% in Q2, now holding approximately $4.06 million worth of shares.
• Various institutional investors have boosted their positions in Stanley Black & Decker, leading to 87.77% of the stock being owned by such entities.
• Stanley Black & Decker recently declared a quarterly dividend of $0.83, reflecting an annualized yield of 4.5%, up from $0.82 in the previous quarter.

Old North State Wealth Management LLC boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 27.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,798 shares of the industrial products company's stock after purchasing an additional 12,783 shares during the quarter. Stanley Black & Decker accounts for approximately 2.1% of Old North State Wealth Management LLC's holdings, making the stock its 14th biggest position. Old North State Wealth Management LLC's holdings in Stanley Black & Decker were worth $4,056,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Ameriprise Financial Inc. raised its stake in shares of Stanley Black & Decker by 59.8% in the 1st quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company's stock valued at $272,294,000 after buying an additional 1,326,113 shares in the last quarter. Vulcan Value Partners LLC acquired a new position in shares of Stanley Black & Decker in the 1st quarter valued at $72,063,000. Clean Energy Transition LLP raised its stake in shares of Stanley Black & Decker by 85.2% in the 1st quarter. Clean Energy Transition LLP now owns 1,373,433 shares of the industrial products company's stock valued at $105,590,000 after buying an additional 632,029 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Stanley Black & Decker by 29.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company's stock valued at $201,497,000 after buying an additional 601,667 shares in the last quarter. Finally, Wilsey Asset Management Inc. acquired a new position in shares of Stanley Black & Decker in the 2nd quarter valued at $34,293,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SWK has been the topic of several analyst reports. Wolfe Research raised shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Jefferies Financial Group set a $86.00 target price on shares of Stanley Black & Decker and gave the stock a "buy" rating in a report on Monday, August 18th. Wells Fargo & Company upped their target price on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Wall Street Zen lowered shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Barclays lowered their target price on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $89.40.

Stanley Black & Decker Price Performance

Shares of SWK opened at $73.45 on Friday. The stock has a market capitalization of $11.37 billion, a P/E ratio of 23.32, a P/E/G ratio of 1.65 and a beta of 1.16. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88. The company has a 50 day moving average of $73.81 and a 200-day moving average of $69.85. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its 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 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 last year, the business earned $1.09 earnings per share. The firm's revenue 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. As a group, equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis 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 payout ratio is presently 105.40%.

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.

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