Comerica Bank Has $4 Million Holdings in Stanley Black & Decker, Inc. $SWK

Key Points

• Comerica Bank increased its stake in Stanley Black & Decker by 31.8% during the 1st quarter, acquiring a total of 52,083 shares valued at $4 million.
• Analysts have mixed views on Stanley Black & Decker, with the company receiving a consensus rating of "Hold" and an average price target of $89.40.
• Stanley Black & Decker recently declared a quarterly dividend of $0.83 per share, reflecting a 4.5% yield and a slight increase from the previous dividend amount.

Comerica Bank raised its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 31.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,083 shares of the industrial products company's stock after acquiring an additional 12,565 shares during the quarter. Comerica Bank's holdings in Stanley Black & Decker were worth $4,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SWK. Integrated Wealth Concepts LLC raised its position in shares of Stanley Black & Decker by 13.2% during the fourth quarter. Integrated Wealth Concepts LLC now owns 7,181 shares of the industrial products company's stock worth $577,000 after purchasing an additional 836 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in Stanley Black & Decker during the 4th quarter worth about $286,000. The Manufacturers Life Insurance Company lifted its stake in Stanley Black & Decker by 8.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 317,888 shares of the industrial products company's stock valued at $25,523,000 after buying an additional 23,483 shares in the last quarter. Northern Trust Corp increased its position in shares of Stanley Black & Decker by 8.4% in the fourth quarter. Northern Trust Corp now owns 1,438,911 shares of the industrial products company's stock worth $115,530,000 after acquiring an additional 110,980 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its position in shares of Stanley Black & Decker by 1,267.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 55,516 shares of the industrial products company's stock valued at $4,457,000 after acquiring an additional 51,456 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SWK. Barclays lowered their price objective on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Robert W. Baird upped their price target on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group restated a "neutral" rating and set a $80.00 price objective on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Jefferies Financial Group set a $86.00 target price on Stanley Black & Decker and gave the company a "buy" rating in a report on Monday, August 18th. Finally, Wall Street Zen cut shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. 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 stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $89.40.

Stanley Black & Decker Stock Performance

NYSE:SWK traded up $1.48 during trading hours on Thursday, hitting $74.33. 713,242 shares of the company traded hands, compared to its average volume of 2,380,840. The firm has a 50-day moving average of $71.77 and a 200 day moving average of $70.90. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $11.50 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 1.64 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data 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 quarter in the prior year, the company posted $1.09 EPS. The business's revenue 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. On average, analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.83 per share. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Stanley Black & Decker's payout ratio is currently 104.13%.

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.