HighTower Advisors LLC Sells 4,342 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

• HighTower Advisors LLC reduced its holdings in Stanley Black & Decker by 8.3%, leaving them with 47,898 shares valued at approximately $3.68 million.
• Stanley Black & Decker reported earnings per share (EPS) of $1.08 for the latest quarter, significantly beating expectations of $0.38, although their revenue fell 6.2% year-over-year.
• The company increased its quarterly dividend to $0.83 per share, reflecting a yield of 4.5%, with a payout ratio currently at 105.40%.

HighTower Advisors LLC decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 8.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,898 shares of the industrial products company's stock after selling 4,342 shares during the period. HighTower Advisors LLC's holdings in Stanley Black & Decker were worth $3,682,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vulcan Value Partners LLC acquired a new stake in Stanley Black & Decker in the 1st quarter worth about $72,063,000. Ameriprise Financial Inc. boosted its stake in shares of Stanley Black & Decker by 44.2% in the fourth quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company's stock valued at $177,905,000 after buying an additional 679,359 shares during the period. Clean Energy Transition LLP grew its position in 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 buying an additional 632,029 shares in the last quarter. Nuveen LLC acquired a new position in Stanley Black & Decker in the 1st quarter valued at $31,811,000. Finally, Deutsche Bank AG lifted its position in shares of Stanley Black & Decker by 66.5% during the 4th quarter. Deutsche Bank AG now owns 922,378 shares of the industrial products company's stock valued at $74,058,000 after acquiring an additional 368,490 shares during the period. Institutional investors own 87.77% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on SWK shares. Barclays decreased their price target on 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. Jefferies Financial Group set a $86.00 target price on shares of Stanley Black & Decker and gave the company a "buy" rating in a report on Monday, August 18th. Wells Fargo & Company boosted 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. UBS Group reduced their price target 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research report on Monday, May 5th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Stanley Black & Decker presently has a consensus rating of "Hold" and an average price target of $89.40.

Stanley Black & Decker Price Performance

Shares of Stanley Black & Decker stock traded up $4.4310 during midday trading on Friday, hitting $77.5610. 3,594,609 shares of the company traded hands, compared to its average volume of 2,170,997. The firm's fifty day moving average price is $70.29 and its 200-day moving average price is $71.56. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 1.71 and a beta of 1.16. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $110.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04.

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 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 for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the business posted $1.09 earnings per share. The company's quarterly 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. As a group, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 4.3%. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date is Tuesday, September 2nd. Stanley Black & Decker's dividend payout ratio (DPR) is presently 104.13%.

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.