Raymond James Financial Inc. Boosts Stock Position in Stanley Black & Decker, Inc. $SWK

Key Points

• Raymond James Financial Inc. increased its stake in Stanley Black & Decker by 33.3% during the first quarter, now owning 259,045 shares valued at approximately $19.9 million.
• Stanley Black & Decker recently reported an EPS of $1.08 for the last quarter, exceeding expectations, but their revenue declined by 6.2% year-over-year.
• The company announced a quarterly dividend increase to $0.83 per share, reflecting a 4.4% dividend yield, set to be paid on September 16th.

Raymond James Financial Inc. grew its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 33.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,045 shares of the industrial products company's stock after buying an additional 64,666 shares during the quarter. Raymond James Financial Inc. owned approximately 0.17% of Stanley Black & Decker worth $19,915,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Vontobel Holding Ltd. lifted its position in shares of Stanley Black & Decker by 3.8% in the first 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 in the last quarter. Allen Mooney & Barnes Investment Advisors LLC lifted its position in shares of Stanley Black & Decker by 0.7% in the first 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 in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Stanley Black & Decker by 8.8% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company's stock valued at $166,000 after acquiring an additional 174 shares in the last quarter. Allworth Financial LP lifted its position in shares of Stanley Black & Decker by 9.2% in the first quarter. Allworth Financial LP now owns 2,321 shares of the industrial products company's stock valued at $178,000 after acquiring an additional 195 shares in the last quarter. Finally, Regents Gate Capital LLP lifted its position in shares of Stanley Black & Decker by 0.4% in the first quarter. Regents Gate Capital LLP now owns 55,272 shares of the industrial products company's stock valued at $4,249,000 after acquiring an additional 215 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SWK has been the subject of a number of research analyst reports. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. Wells Fargo & Company upped their target price on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Barclays decreased 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 research report on Wednesday, July 30th. Robert W. Baird upped their target price on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Finally, UBS Group decreased their target price on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Five research 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $89.40.

Stanley Black & Decker Trading Down 1.4%

Shares of Stanley Black & Decker stock traded down $1.08 on Friday, hitting $74.22. 2,325,320 shares of the company traded hands, compared to its average volume of 1,886,381. The stock's 50 day moving average price is $71.36 and its 200-day moving average price is $71.09. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The company has a market cap of $11.49 billion, a PE ratio of 23.56, a PEG ratio of 1.64 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted 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. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The company'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. Equities research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current 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 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 is Tuesday, September 2nd. Stanley Black & Decker's payout ratio is currently 104.13%.

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.