Oppenheimer Asset Management Inc. Invests $6.64 Million in Stanley Black & Decker, Inc. $SWK

Key Points

• Oppenheimer Asset Management acquired 70,516 shares of Stanley Black & Decker valued at approximately $6.64 million. Institutional investors collectively own 87.77% of the company.
• Analysts have a consensus “Hold” rating on SWK, with an average price target of $91.56; ratings range from $84 to $107.
• Stanley Black & Decker reported quarterly EPS of $1.57, beating estimates of $1.21, while revenue of $3.96 billion was roughly in line with expectations. The company also raised its quarterly dividend to $0.84, representing a 3.3% annual yield.

Oppenheimer Asset Management Inc. acquired a new stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,516 shares of the industrial products company's stock, valued at approximately $6,637,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chapman Financial Group LLC acquired a new position in shares of Stanley Black & Decker in the 2nd quarter valued at $26,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Stanley Black & Decker during the 2nd quarter worth about $28,000. Kovack Advisors Inc. purchased a new stake in Stanley Black & Decker in the 4th quarter valued at about $28,000. Motiv8 Investments LLC acquired a new position in Stanley Black & Decker in the fourth quarter valued at about $31,000. Finally, MUFG Securities EMEA plc acquired a new position in Stanley Black & Decker in the second quarter valued at about $31,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SWK shares. Robert W. Baird set a $84.00 price target on shares of Stanley Black & Decker in a research report on Thursday, April 30th. Citigroup upped their price objective on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Wall Street Zen raised shares of Stanley Black & Decker from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. The Goldman Sachs Group reissued a "neutral" rating and issued a $93.00 target price on shares of Stanley Black & Decker in a research report on Wednesday, July 29th. Finally, Morgan Stanley set a $96.00 price target on Stanley Black & Decker in a research note on Monday, August 10th. Four 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. Based on data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of "Hold" and an average price target of $91.56.

Stanley Black & Decker Stock Down 0.3%

Shares of SWK opened at $101.95 on Friday. The stock has a market capitalization of $15.40 billion, a PE ratio of 24.87, a P/E/G ratio of 1.38 and a beta of 1.16. Stanley Black & Decker, Inc. has a 1 year low of $61.90 and a 1 year high of $104.68. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.43. The company's 50-day simple moving average is $91.20 and its 200-day simple moving average is $82.52.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.21 by $0.36. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the firm posted $1.08 earnings per share. The business'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. Analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 3.3%. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.83. The ex-dividend date is Tuesday, September 8th. Stanley Black & Decker's payout ratio is presently 81.95%.

Stanley Black & Decker Profile

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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