Meiji Yasuda Asset Management Co Ltd. Raises Stock Position in Stanley Black & Decker, Inc. $SWK

Key Points

• Meiji Yasuda Asset Management Co Ltd. has increased its stake in Stanley Black & Decker by 9.7%, now owning 0.08% of the company valued at approximately $9.44 million.
• Analysts have adjusted price targets for Stanley Black & Decker, with Barclays lowering their target from $90.00 to $89.00 while maintaining an "overweight" rating; overall, the consensus target price is now $89.40.
• Stanley Black & Decker announced a quarterly dividend increase to $0.83 per share, representing a yield of 4.2%, despite a dividend payout ratio of 105.40%.

Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,801 shares of the industrial products company's stock after acquiring an additional 10,815 shares during the period. Meiji Yasuda Asset Management Co Ltd. owned 0.08% of Stanley Black & Decker worth $9,441,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its holdings in Stanley Black & Decker by 59.8% during the 1st quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company's stock worth $272,294,000 after acquiring an additional 1,326,113 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Stanley Black & Decker by 0.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,119,211 shares of the industrial products company's stock worth $239,805,000 after purchasing an additional 20,742 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Stanley Black & Decker by 29.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company's stock valued at $201,497,000 after buying an additional 601,667 shares during the last quarter. Northern Trust Corp lifted its holdings in Stanley Black & Decker by 9.2% in the 1st quarter. Northern Trust Corp now owns 1,571,420 shares of the industrial products company's stock valued at $120,811,000 after purchasing an additional 132,509 shares in the last quarter. Finally, Clean Energy Transition LLP boosted its position in shares of Stanley Black & Decker by 85.2% in 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. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock traded up $2.62 during trading hours on Thursday, reaching $79.59. The company had a trading volume of 2,001,021 shares, compared to its average volume of 2,388,954. The firm has a market cap of $12.32 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 1.69 and a beta of 1.16. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The business has a fifty day simple moving average of $72.57 and a 200 day simple moving average of $70.52. 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 (NYSE:SWK - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the business earned $1.09 EPS. Stanley Black & Decker's revenue was down 6.2% compared to the same quarter last year. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. On average, analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm 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 $0.83 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $3.32 annualized dividend and a dividend yield of 4.2%. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's dividend payout ratio (DPR) is presently 105.40%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SWK shares. Wolfe Research raised shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. Barclays cut their target price on shares of 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. Wall Street Zen cut 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 target price on Stanley Black & Decker and gave the stock a "buy" rating in a research report on Monday, August 18th. Finally, Wells Fargo & Company increased their target price on Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $89.40.

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.