Hsbc Holdings PLC Trims Stake in Stanley Black & Decker, Inc. $SWK

Key Points

• Hsbc Holdings PLC has reduced its stake in Stanley Black & Decker by 21.9%, owning approximately 0.20% of the company after selling 85,111 shares.
• Stanley Black & Decker reported a net profit of $1.08 earnings per share (EPS) for the last quarter, significantly surpassing analysts' expectations but showing a 6.2% year-over-year revenue decline.
• The company has announced an increase in its quarterly dividend to $0.83 per share, reflecting a 4.3% yield and a dividend payout ratio of 104.13%.

Hsbc Holdings PLC lessened its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 21.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 303,227 shares of the industrial products company's stock after selling 85,111 shares during the period. Hsbc Holdings PLC owned 0.20% of Stanley Black & Decker worth $23,178,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its position in Stanley Black & Decker by 1,138.5% during the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 296 shares during the period. Hanson & Doremus Investment Management purchased a new position in Stanley Black & Decker during the 1st quarter valued at about $31,000. TD Private Client Wealth LLC lifted its position in Stanley Black & Decker by 830.4% during the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 382 shares during the period. CX Institutional purchased a new position in Stanley Black & Decker during the 1st quarter valued at about $43,000. Finally, Minot DeBlois Advisors LLC purchased a new position in Stanley Black & Decker during the 4th quarter valued at about $65,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently 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 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. JPMorgan Chase & Co. lowered their price target 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. UBS Group decreased their target price on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Finally, Jefferies Financial Group set a $86.00 target price on shares of Stanley Black & Decker and gave the stock a "buy" rating in a report on Monday, August 18th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Stanley Black & Decker presently has a consensus rating of "Hold" and a consensus price target of $89.40.

Stanley Black & Decker Stock Performance

Shares of SWK stock traded up $0.59 during trading hours on Wednesday, reaching $75.78. The company had a trading volume of 1,816,747 shares, compared to its average volume of 2,402,495. The business has a fifty day moving average price of $70.73 and a 200-day moving average price of $71.32. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The firm has a market cap of $11.73 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 1.69 and a beta of 1.16. 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 announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the business posted $1.09 earnings per share. The business's revenue for the quarter 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. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.83 dividend. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, September 2nd. Stanley Black & Decker's dividend payout ratio (DPR) is presently 105.40%.

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.