Stanley Black & Decker, Inc. $SWK Stake Increased by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors Inc. OH increased its stake in Stanley Black & Decker by 3.0%, owning 1,538,360 shares valued at approximately $104.2 million.
• The company declared a quarterly dividend of $0.83, a rise from the previous quarter's $0.82, resulting in a 4.5% annual yield.
• Stanley Black & Decker reported earnings of $1.08 per share for the last quarter, surpassing analyst expectations significantly, although revenue decreased by 6.2% year-over-year.

Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,538,360 shares of the industrial products company's stock after buying an additional 45,107 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.99% of Stanley Black & Decker worth $104,224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Avior Wealth Management LLC grew its stake in Stanley Black & Decker by 2,236.7% during the 2nd quarter. Avior Wealth Management LLC now owns 6,426 shares of the industrial products company's stock valued at $435,000 after acquiring an additional 6,151 shares in the last quarter. Brown Lisle Cummings Inc. increased its stake in Stanley Black & Decker by 12.3% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 13,541 shares of the industrial products company's stock valued at $917,000 after buying an additional 1,479 shares during the period. Paragon Capital Management Ltd purchased a new stake in Stanley Black & Decker in the 2nd quarter worth approximately $216,000. Patton Fund Management Inc. acquired a new stake in shares of Stanley Black & Decker during the 2nd quarter valued at $242,000. Finally, CX Institutional increased its stake in shares of Stanley Black & Decker by 294.1% in the second quarter. CX Institutional now owns 2,187 shares of the industrial products company's stock worth $148,000 after acquiring an additional 1,632 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SWK shares. Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. Jefferies Financial Group set a $86.00 price objective on Stanley Black & Decker and gave the stock a "buy" rating in a report on Monday, August 18th. Robert W. Baird increased their price target on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Barclays reduced their price objective on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Finally, Wall Street Zen downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Five equities 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's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $89.40.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $73.83 on Friday. The firm has a market capitalization of $11.43 billion, a PE ratio of 23.44, a PEG ratio of 1.62 and a beta of 1.16. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year 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 firm's fifty day simple moving average is $73.88 and its 200 day simple moving average is $69.71.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.01 billion. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The business's quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $0.83 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.32 annualized dividend and a yield of 4.5%. 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%.

Stanley Black & Decker Company 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.

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