Cadence Bank Has $2.53 Million Holdings 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 decreased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 47.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund 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 SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in SWK. Northwestern Mutual Wealth Management Co. increased its stake in Stanley Black & Decker by 30.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 12,297 shares of the industrial products company's stock valued at $945,000 after acquiring an additional 2,876 shares during the period. Allstate Corp boosted its holdings in Stanley Black & Decker by 49.6% in the first quarter. Allstate Corp now owns 6,791 shares of the industrial products company's stock valued at $522,000 after acquiring an additional 2,253 shares during the last quarter. Compound Planning Inc. bought a new position in Stanley Black & Decker in the first quarter valued at about $240,000. Ameriprise Financial Inc. boosted its holdings in Stanley Black & Decker by 59.8% in 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 acquiring an additional 1,326,113 shares during the last quarter. Finally, Norinchukin Bank The boosted its holdings in Stanley Black & Decker by 13.0% in the first quarter. Norinchukin Bank The now owns 6,968 shares of the industrial products company's stock valued at $536,000 after acquiring an additional 802 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SWK. Wells Fargo & Company raised their price target on Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Barclays dropped their price objective on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Jefferies Financial Group set a $86.00 price objective on Stanley Black & Decker and gave the company a "buy" rating in a report on Monday, August 18th. Finally, Robert W. Baird upped their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Five 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.com, Stanley Black & Decker presently has a consensus rating of "Hold" and a consensus price target of $89.40.

Stanley Black & Decker Stock Down 1.7%

SWK stock traded down $1.28 during trading hours on Tuesday, reaching $75.19. 2,674,349 shares of the stock were exchanged, compared to its average volume of 2,207,595. 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 firm's 50-day moving average is $70.51 and its 200-day moving average is $71.29. The company has a market cap of $11.64 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 1.69 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.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly 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 return on equity of 7.76% and a net margin of 3.15%.The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the company earned $1.09 earnings per share. The business'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, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $0.83 dividend. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date is Tuesday, September 2nd. This represents a $3.32 annualized dividend and a yield of 4.4%. Stanley Black & Decker's dividend payout ratio (DPR) is 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.