Royal Bank of Canada Sells 97,809 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

• The Royal Bank of Canada has reduced its stake in Stanley Black & Decker by 17.5%, now owning approximately 0.30% of the company, valued at $35.5 million.
• Stanley Black & Decker recently reported earnings of $1.08 per share, significantly exceeding analyst expectations of $0.38, despite a 6.2% decline in revenue year-over-year.
• The company announced a quarterly dividend increase to $0.83 per share, representing an annualized yield of 4.2%, although its dividend payout ratio currently stands at 105.40%.

Royal Bank of Canada cut its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 17.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 462,022 shares of the industrial products company's stock after selling 97,809 shares during the quarter. Royal Bank of Canada owned 0.30% of Stanley Black & Decker worth $35,520,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its position in Stanley Black & Decker by 18.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,435 shares of the industrial products company's stock worth $1,494,000 after acquiring an additional 3,009 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in shares of Stanley Black & Decker during the 1st quarter worth about $245,000. GAMMA Investing LLC raised its stake in shares of Stanley Black & Decker by 40.5% during the 1st quarter. GAMMA Investing LLC now owns 4,521 shares of the industrial products company's stock worth $348,000 after purchasing an additional 1,304 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Stanley Black & Decker by 2.1% during the 1st quarter. Private Advisor Group LLC now owns 14,441 shares of the industrial products company's stock worth $1,110,000 after purchasing an additional 292 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Stanley Black & Decker by 17.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,200 shares of the industrial products company's stock worth $2,079,000 after purchasing an additional 4,128 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SWK shares. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the stock a "buy" rating in a research note on Monday, August 18th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $80.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. Robert W. Baird raised their price objective 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. Finally, Barclays cut their price objective 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. 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $89.40.

Stanley Black & Decker Stock Performance

NYSE SWK traded up $2.56 during trading on Thursday, hitting $79.53. The company's stock had a trading volume of 997,607 shares, compared to its average volume of 2,382,540. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average price of $72.57 and a 200 day moving average price of $70.52. The firm has a market cap of $12.31 billion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 1.69 and a beta of 1.16. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates 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 period in the prior year, the firm earned $1.09 EPS. 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. Equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $0.83 dividend. 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. This represents a $3.32 dividend on an annualized basis and a yield of 4.2%. Stanley Black & Decker's payout ratio 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.