Rakuten Investment Management Inc. Invests $1.54 Million in Stanley Black & Decker, Inc. $SWK

Key Points

• Rakuten Investment Management acquired 16,482 shares of Stanley Black & Decker valued at approximately $1.54 million, while institutional investors collectively own 87.77% of the company.
• Analyst sentiment remains mixed, with three Buy, six Hold, and one Sell rating; the consensus price target is $92.25, despite Citigroup raising its target to $107.
• Stanley Black & Decker exceeded quarterly EPS expectations, reporting $1.57 versus the $1.21 consensus, and raised its quarterly dividend to $0.84 per share, equating to a 3.4% annualized yield.

Rakuten Investment Management Inc. purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,482 shares of the industrial products company's stock, valued at approximately $1,544,000.

A number of other institutional investors also recently added to or reduced their stakes in SWK. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Stanley Black & Decker in the first quarter valued at about $47,448,000. Assenagon Asset Management S.A. grew its position in Stanley Black & Decker by 533.7% during the second quarter. Assenagon Asset Management S.A. now owns 96,322 shares of the industrial products company's stock worth $9,066,000 after buying an additional 81,121 shares during the period. New York Life Investment Management LLC grew its position in Stanley Black & Decker by 67.5% during the fourth quarter. New York Life Investment Management LLC now owns 34,766 shares of the industrial products company's stock worth $2,582,000 after buying an additional 14,005 shares during the period. Oak Thistle LLC purchased a new position in Stanley Black & Decker in the second quarter valued at about $1,440,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Stanley Black & Decker during the 2nd quarter valued at approximately $1,115,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

SWK has been the topic of a number of research reports. Citigroup upped their price target on Stanley Black & Decker from $100.00 to $107.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Wells Fargo & Company boosted their target price on Stanley Black & Decker from $80.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 18th. Weiss Ratings raised Stanley Black & Decker from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 31st. Morgan Stanley set a $96.00 price target on Stanley Black & Decker in a research report on Monday, August 10th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $93.00 price objective on shares of Stanley Black & Decker in a research report on Wednesday, July 29th. Three equities 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $92.25.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock opened at $97.86 on Monday. Stanley Black & Decker, Inc. has a fifty-two week low of $61.90 and a fifty-two week high of $104.68. The company has a market capitalization of $14.78 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 1.31 and a beta of 1.16. The stock has a fifty day moving average of $94.44 and a two-hundred day moving average of $83.68. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.43.

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 analysts' consensus estimates of $1.21 by $0.36. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%.The business's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 earnings per share. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, analysts anticipate that Stanley Black & Decker, Inc. will post 5.57 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.4%. This is a boost 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 80.98%.

Stanley Black & Decker Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source