Stanley Black & Decker, Inc. $SWK Shares Sold by Meyer Handelman Co.

Key Points

• Meyer Handelman Co. reduced its holdings in Stanley Black & Decker by 9.9%, now owning 64,953 shares worth approximately $4.4 million after selling 7,115 shares in the second quarter.
• Stanley Black & Decker reported $1.08 earnings per share for the last quarter, exceeding estimates, but experienced a 6.2% decline in revenue year-over-year.
• The company recently increased its quarterly dividend to $0.83 per share, reflecting a yield of 4.5%, despite a payout ratio of 105.40%.

Meyer Handelman Co. trimmed its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 9.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,953 shares of the industrial products company's stock after selling 7,115 shares during the quarter. Meyer Handelman Co.'s holdings in Stanley Black & Decker were worth $4,401,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC increased its position in shares of Stanley Black & Decker by 1,138.5% during the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock worth $25,000 after acquiring an additional 296 shares during the last quarter. 1248 Management LLC purchased a new stake in shares of Stanley Black & Decker during the first quarter worth about $26,000. Hanson & Doremus Investment Management purchased a new stake in shares of Stanley Black & Decker during the first quarter worth about $31,000. TD Private Client Wealth LLC increased its position in shares of Stanley Black & Decker by 830.4% during the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock worth $33,000 after acquiring an additional 382 shares during the last quarter. Finally, Garde Capital Inc. increased its position in shares of Stanley Black & Decker by 160.5% during the second quarter. Garde Capital Inc. now owns 521 shares of the industrial products company's stock worth $35,000 after acquiring an additional 321 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SWK. Robert W. Baird boosted 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. The Goldman Sachs Group reissued a "neutral" rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Barclays lowered 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. Wells Fargo & Company boosted their price objective 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. Finally, 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. 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 currently has a consensus rating of "Hold" and an average price target of $89.40.

Stanley Black & Decker Stock Performance

SWK opened at $73.45 on Friday. The company has a market capitalization of $11.37 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 1.65 and a beta of 1.16. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The business has a 50 day moving average price of $73.81 and a two-hundred day moving average price of $69.85.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.70. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The firm's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 4.5%. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date was Tuesday, September 2nd. Stanley Black & Decker's payout ratio is currently 105.40%.

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.

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