Jump Financial LLC Sells 3,568 Shares of Stanley Black & Decker, Inc. $SWK

Jump Financial LLC decreased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 45.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,309 shares of the industrial products company's stock after selling 3,568 shares during the quarter. Jump Financial LLC's holdings in Stanley Black & Decker were worth $331,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its position in shares of 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 worth $272,294,000 after buying an additional 1,326,113 shares during the last quarter. Vulcan Value Partners LLC acquired a new stake in shares of Stanley Black & Decker in the first quarter worth about $72,063,000. Clean Energy Transition LLP lifted 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 buying an additional 632,029 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Stanley Black & Decker by 29.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company's stock worth $201,497,000 after buying an additional 601,667 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Stanley Black & Decker during the 1st quarter worth about $31,811,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

SWK traded up $3.56 on Friday, hitting $78.30. 3,181,138 shares of the stock traded hands, compared to its average volume of 2,391,469. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The firm has a market capitalization of $12.12 billion, a PE ratio of 24.86, a P/E/G ratio of 1.61 and a beta of 1.16. The business has a fifty day moving average price of $71.91 and a two-hundred day moving average price of $70.82. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $4.01 billion. During the same period in the prior year, the company posted $1.09 EPS. The company'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, research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently announced 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 represents a $3.32 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. 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 Analyst Weigh In

Several research firms recently weighed in on SWK. UBS Group cut their price objective on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. Barclays cut their price objective on 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. Wall Street Zen cut Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Wells Fargo & Company boosted their price target on Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Five investment 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 an average rating of "Hold" and a consensus target price of $89.40.

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.