Rempart Asset Management Inc. Raises Stock Position in Stanley Black & Decker, Inc. $SWK

Key Points

• Rempart Asset Management Inc. increased its stake in Stanley Black & Decker by 22.5% during the 2nd quarter, owning a total of 156,704 shares valued at approximately $10.6 million.
• The company announced a quarterly dividend increase to $0.83 per share, with an annualized dividend yield of 4.5%, reflecting a dividend payout ratio of 105.40%.
• Analysts have mixed ratings on Stanley Black & Decker, with a current average target price of $89.40 and five analysts rating it as a Buy and five as Hold.

Rempart Asset Management Inc. boosted its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 22.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,704 shares of the industrial products company's stock after purchasing an additional 28,826 shares during the quarter. Stanley Black & Decker comprises 2.0% of Rempart Asset Management Inc.'s investment portfolio, making the stock its 23rd biggest position. Rempart Asset Management Inc. owned about 0.10% of Stanley Black & Decker worth $10,617,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Jefferies Financial Group Inc. bought a new stake in Stanley Black & Decker during the fourth quarter valued at $215,000. Wellington Management Group LLP boosted its position in shares of Stanley Black & Decker by 14.0% during the 4th quarter. Wellington Management Group LLP now owns 9,673 shares of the industrial products company's stock valued at $777,000 after acquiring an additional 1,188 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Stanley Black & Decker by 10,704.3% during the first quarter. GAMMA Investing LLC now owns 347,574 shares of the industrial products company's stock worth $26,721,000 after purchasing an additional 344,357 shares in the last quarter. Cascade Investment Advisors Inc. increased its position in shares of Stanley Black & Decker by 18.7% in the first quarter. Cascade Investment Advisors Inc. now owns 15,910 shares of the industrial products company's stock worth $1,223,000 after purchasing an additional 2,505 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Stanley Black & Decker by 12.2% during the first quarter. Rhumbline Advisers now owns 330,014 shares of the industrial products company's stock valued at $25,371,000 after purchasing an additional 35,978 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SWK. Barclays decreased their price target on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. The Goldman Sachs Group reissued a "neutral" rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Wall Street Zen lowered Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Jefferies Financial Group set a $86.00 price objective on Stanley Black & Decker and gave the company a "buy" rating in a research report on Monday, August 18th. Finally, Wells Fargo & Company upped their target price on Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $89.40.

Stanley Black & Decker Price Performance

Shares of Stanley Black & Decker stock 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. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The business's 50 day simple moving average is $73.88 and its two-hundred day simple moving average is $69.64. The stock has a market capitalization of $11.43 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $4.01 billion. During the same quarter last year, the business earned $1.09 earnings per share. The business'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. Analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.83 per share. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Tuesday, September 2nd. Stanley Black & Decker's dividend payout ratio (DPR) is currently 105.40%.

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.

Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.