Patton Fund Management Inc. Purchases New Shares in Stanley Black & Decker, Inc. $SWK

Key Points

• Patton Fund Management Inc. has acquired 3,576 shares of Stanley Black & Decker, Inc., valued at approximately $242,000, further increasing institutional ownership to 87.77% of the stock.
• Stanley Black & Decker reported a quarterly earnings of $1.08 per share, significantly beating analysts' expectations, though revenue decreased by 6.2% year-over-year.
• The company recently declared a quarterly dividend of $0.83 per share, marking an increase from the previous dividend and representing an annual yield of 4.5%.

Patton Fund Management Inc. bought a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,576 shares of the industrial products company's stock, valued at approximately $242,000.

A number of other institutional investors have also recently modified their holdings of the stock. Golden State Wealth Management LLC lifted its position in shares of Stanley Black & Decker by 1,138.5% during the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock worth $25,000 after buying an additional 296 shares during the last quarter. 1248 Management LLC bought a new stake in shares of Stanley Black & Decker during the 1st quarter worth $26,000. Hanson & Doremus Investment Management bought a new stake in shares of Stanley Black & Decker during the 1st quarter worth $31,000. TD Private Client Wealth LLC lifted its position in shares of Stanley Black & Decker by 830.4% during the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock worth $33,000 after buying an additional 382 shares during the last quarter. Finally, Garde Capital Inc. lifted its position in shares of Stanley Black & Decker by 160.5% during the 2nd quarter. Garde Capital Inc. now owns 521 shares of the industrial products company's stock worth $35,000 after buying an additional 321 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $73.83 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The business has a fifty day simple moving average of $73.88 and a two-hundred day simple moving average of $69.64. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88. The company has a market capitalization of $11.43 billion, a P/E ratio of 23.44, a P/E/G ratio of 1.62 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. The company had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.01 billion. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The firm's quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. On average, analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.83 per share. The ex-dividend date was Tuesday, September 2nd. 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. Stanley Black & Decker's dividend payout ratio (DPR) is presently 105.40%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SWK. Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Robert W. Baird increased their price target on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Wall Street Zen cut Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. The Goldman Sachs Group reissued a "neutral" rating and issued a $80.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Finally, Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the company a "buy" rating in a research note on Monday, August 18th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.

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