RPg Family Wealth Advisory LLC Buys Shares of 3,306 Stanley Black & Decker, Inc. $SWK

Key Points

• RPg Family Wealth Advisory LLC has acquired 3,306 shares of Stanley Black & Decker, valued at approximately $254,000, indicating growing institutional interest in the company.
• Stanley Black & Decker recently reported earnings of $1.08 per share, significantly surpassing the consensus estimate of $0.38, although revenue declined by 6.2% compared to the previous year.
• The company announced an increase in its quarterly dividend from $0.82 to $0.83, reflecting a commitment to returning value to shareholders, with an annual yield of 4.3%.

RPg Family Wealth Advisory LLC purchased a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,306 shares of the industrial products company's stock, valued at approximately $254,000.

A number of other hedge funds have also recently made changes to their positions in SWK. Ameriprise Financial Inc. boosted its stake in shares of Stanley Black & Decker by 59.8% during the first quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company's stock valued at $272,294,000 after purchasing an additional 1,326,113 shares in the last quarter. Vulcan Value Partners LLC bought a new position in shares of Stanley Black & Decker during the first quarter worth about $72,063,000. Clean Energy Transition LLP raised its position in shares of Stanley Black & Decker by 85.2% during the first quarter. Clean Energy Transition LLP now owns 1,373,433 shares of the industrial products company's stock worth $105,590,000 after acquiring an additional 632,029 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Stanley Black & Decker by 29.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company's stock worth $201,497,000 after acquiring an additional 601,667 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Stanley Black & Decker during the first quarter worth about $31,811,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Up 0.8%

Shares of NYSE:SWK traded up $0.59 during mid-day trading on Wednesday, hitting $75.78. 1,816,747 shares of the company traded hands, compared to its average volume of 2,078,788. The stock has a market cap of $11.73 billion, a P/E ratio of 24.06, a P/E/G ratio of 1.66 and a beta of 1.16. 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 12-month low of $53.91 and a 12-month high of $110.88. The stock has a 50-day moving average price of $70.73 and a two-hundred day moving average price of $71.32.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $4.01 billion. During the same quarter in the previous year, the firm 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. On average, equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share 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. Shareholders of record on Tuesday, September 2nd will be given a $0.83 dividend. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 2nd. Stanley Black & Decker's payout ratio is presently 104.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Robert W. Baird raised their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. reduced their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. The Goldman Sachs Group reissued a "neutral" rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Barclays reduced their price objective on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Finally, Jefferies Financial Group set a $86.00 target price on Stanley Black & Decker and gave the company a "buy" rating in a research report on Monday, August 18th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of "Hold" and a consensus target price of $89.40.

Stanley Black & Decker 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.