Wellington Management Group LLP Grows Stock Position in Stanley Black & Decker, Inc. $SWK

Key Points

• Wellington Management Group LLP increased its stake in Stanley Black & Decker by 106.6%, owning nearly 20,000 shares worth approximately $1.54 million as of its latest SEC filing.
• Stanley Black & Decker reported $1.08 earnings per share (EPS) for the last quarter, surpassing analysts' expectations of $0.38, despite a revenue decline of 6.2% year-over-year.
• The company has declared a quarterly dividend of $0.83, representing an annualized yield of 4.5% and an increase from the previous dividend of $0.82.

Wellington Management Group LLP lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 106.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,986 shares of the industrial products company's stock after buying an additional 10,313 shares during the quarter. Wellington Management Group LLP's holdings in Stanley Black & Decker were worth $1,537,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vontobel Holding Ltd. boosted its stake in shares of Stanley Black & Decker by 3.8% during the first quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company's stock valued at $345,000 after purchasing an additional 165 shares during the period. Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in Stanley Black & Decker by 0.7% during the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company's stock valued at $1,911,000 after buying an additional 174 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in Stanley Black & Decker by 8.8% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company's stock valued at $166,000 after buying an additional 174 shares during the period. Allworth Financial LP grew its stake in Stanley Black & Decker by 9.2% in the 1st quarter. Allworth Financial LP now owns 2,321 shares of the industrial products company's stock worth $178,000 after acquiring an additional 195 shares in the last quarter. Finally, Regents Gate Capital LLP increased its holdings in Stanley Black & Decker by 0.4% during the 1st quarter. Regents Gate Capital LLP now owns 55,272 shares of the industrial products company's stock worth $4,249,000 after purchasing an additional 215 shares during the period. Institutional investors own 87.77% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wall Street Zen downgraded Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Barclays lowered their price target on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Jefferies Financial Group set a $86.00 price objective on shares of Stanley Black & Decker and gave the company a "buy" rating in a report on Monday, August 18th. Robert W. Baird boosted their price objective on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Five equities 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $89.40.

Stanley Black & Decker Stock Up 2.2%

Shares of SWK traded up $1.58 during mid-day trading on Thursday, hitting $74.43. 545,209 shares of the company traded hands, compared to its average volume of 2,379,949. The company has a market capitalization of $11.52 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16. 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 business has a 50 day moving average of $71.77 and a 200 day moving average of $70.90. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year 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 (EPS) 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 business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the business posted $1.09 EPS. Stanley Black & Decker's revenue for the quarter 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. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS 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. Stockholders of record on Tuesday, September 2nd will be issued a $0.83 dividend. This is an increase 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 annualized dividend and a dividend yield of 4.5%. Stanley Black & Decker's payout ratio is currently 104.13%.

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.