Quantitative Investment Management LLC Sells 16,297 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

• Quantitative Investment Management LLC reduced its position in Stanley Black & Decker by 76.3%, holding only 5,059 shares after selling 16,297 shares in the first quarter.
• Stanley Black & Decker recently declared a quarterly dividend of $0.83, an increase from the previous $0.82, with a current dividend yield of 4.3%.
• Shares of Stanley Black & Decker have a 52-week low of $53.91 and a high of $110.88, and the stock is currently rated as a "Hold" by analysts with an average price target of $89.40.

Quantitative Investment Management LLC cut its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 76.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,059 shares of the industrial products company's stock after selling 16,297 shares during the quarter. Quantitative Investment Management LLC's holdings in Stanley Black & Decker were worth $388,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vontobel Holding Ltd. lifted its position in shares of Stanley Black & Decker by 3.8% during the 1st quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company's stock valued at $345,000 after acquiring an additional 165 shares during the period. Allen Mooney & Barnes Investment Advisors LLC lifted its position in shares of Stanley Black & Decker by 0.7% during the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company's stock valued at $1,911,000 after acquiring an additional 174 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Stanley Black & Decker by 8.8% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company's stock valued at $166,000 after purchasing an additional 174 shares during the last quarter. Allworth Financial LP increased its stake in shares of Stanley Black & Decker by 9.2% in the 1st quarter. Allworth Financial LP now owns 2,321 shares of the industrial products company's stock valued at $178,000 after purchasing an additional 195 shares during the last quarter. Finally, Regents Gate Capital LLP increased its stake in shares of Stanley Black & Decker by 0.4% in the 1st quarter. Regents Gate Capital LLP now owns 55,272 shares of the industrial products company's stock valued at $4,249,000 after purchasing an additional 215 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Down 1.3%

Shares of SWK opened at $76.55 on Tuesday. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 1.71 and a beta of 1.16. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The stock has a fifty day moving average of $70.51 and a 200-day moving average of $71.29.

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 EPS for the quarter, beating analysts' consensus estimates 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 prior year, the company earned $1.09 EPS. Stanley Black & Decker's 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. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $0.83 dividend. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. Stanley Black & Decker's payout ratio is presently 104.13%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SWK shares. Wells Fargo & Company lifted their price target on Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. 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. The Goldman Sachs Group reiterated a "neutral" rating and issued a $80.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Barclays decreased their price target on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th. 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 stock. Based on data from MarketBeat.com, Stanley Black & Decker has a consensus rating of "Hold" and an average price target of $89.40.

Stanley Black & Decker Company Profile

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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