Cadence Bank Reduces Stock Position in Stanley Black & Decker, Inc. $SWK

Key Points

• Cadence Bank has reduced its stake in Stanley Black & Decker by 47.7%, selling nearly 30,000 shares and now owning approximately 32,932 shares valued at $2.53 million.
• Despite a 6.2% year-over-year revenue decline, Stanley Black & Decker reported a quarterly EPS of $1.08, significantly beating analyst estimates of $0.38.
• The company has increased its quarterly dividend to $0.83 per share, resulting in a dividend yield of 4.3%, with a payout ratio of 104.13%.

Cadence Bank lessened its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 47.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,932 shares of the industrial products company's stock after selling 29,977 shares during the period. Cadence Bank's holdings in Stanley Black & Decker were worth $2,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Stanley Black & Decker Stock Performance

Shares of SWK stock traded down $1.01 during trading hours on Thursday, reaching $74.73. 654,375 shares of the company's stock were exchanged, compared to its average volume of 2,391,459. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The company has a market cap of $11.57 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. The company's 50 day moving average is $70.95 and its two-hundred day moving average is $71.35.

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 (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 company had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.01 billion. During the same period last year, the company posted $1.09 earnings per share. The firm's quarterly 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. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently announced 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 represents a $3.32 dividend on an annualized basis and a yield of 4.4%. 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. Stanley Black & Decker's dividend payout ratio is 104.13%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Barclays decreased 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. Jefferies Financial Group set a $86.00 target price on shares of Stanley Black & Decker and gave the stock a "buy" rating in a research note on Monday, August 18th. The Goldman Sachs Group reiterated a "neutral" rating and set a $80.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Wells Fargo & Company increased their target price on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of "Hold" and a consensus target price of $89.40.

Stanley Black & Decker Company 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.