State of New Jersey Common Pension Fund D Sells 3,907 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

• The State of New Jersey Common Pension Fund D has decreased its holdings in Stanley Black & Decker, Inc. by 7.1%, owning 51,260 shares after selling 3,907 shares in the first quarter.
• Analysts have set new price targets for Stanley Black & Decker, with five giving a Buy rating, five a Hold rating, and one a Sell rating, while the average price target is $89.40.
• Stanley Black & Decker has recently declared a quarterly dividend of $0.83 per share, a slight increase from the previous dividend, reflecting a payout ratio of 104.13%.

State of New Jersey Common Pension Fund D reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,260 shares of the industrial products company's stock after selling 3,907 shares during the period. State of New Jersey Common Pension Fund D's holdings in Stanley Black & Decker were worth $3,941,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SWK. Vontobel Holding Ltd. lifted its position in Stanley Black & Decker by 3.8% during the first quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company's stock worth $345,000 after purchasing an additional 165 shares during the period. Allen Mooney & Barnes Investment Advisors LLC lifted its position in Stanley Black & Decker by 0.7% during the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company's stock worth $1,911,000 after purchasing an additional 174 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its position in Stanley Black & Decker by 8.8% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company's stock worth $166,000 after purchasing an additional 174 shares during the period. Allworth Financial LP lifted its position in Stanley Black & Decker by 9.2% during the first quarter. Allworth Financial LP now owns 2,321 shares of the industrial products company's stock worth $178,000 after purchasing an additional 195 shares during the period. Finally, Regents Gate Capital LLP lifted its position in Stanley Black & Decker by 0.4% during the first quarter. Regents Gate Capital LLP now owns 55,272 shares of the industrial products company's stock worth $4,249,000 after purchasing an additional 215 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Trading Down 1.3%

NYSE:SWK traded down $0.98 on Monday, reaching $76.55. 2,191,416 shares of the stock traded hands, compared to its average volume of 2,261,619. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 1.71 and a beta of 1.16. The company's 50 day moving average is $70.51 and its 200-day moving average is $71.29. 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, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88.

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, beating analysts' consensus estimates of $0.38 by $0.70. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The company's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 EPS. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Equities research analysts anticipate 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 will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.83 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.3%. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's dividend payout ratio (DPR) is 104.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SWK shares. UBS Group cut their price objective on shares of 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. Robert W. Baird upped their price objective on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group reissued a "neutral" rating and set a $80.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. Finally, JPMorgan Chase & Co. lowered their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $89.40.

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.