State Street Corp Buys 416,614 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

• State Street increased its Stanley Black & Decker stake by 5%, buying 416,614 shares to own 8.75 million shares worth approximately $823.7 million, or 5.8% of the company. Institutional investors collectively own 87.77% of SWK.
• Stanley Black & Decker reported quarterly EPS of $1.57, exceeding the $1.21 consensus estimate, while revenue reached $3.96 billion and rose 0.4% year over year. The company expects fiscal 2026 EPS of $4.90–$5.70.
• The company raised its quarterly dividend to $0.84 per share, equating to a 3.7% annualized yield. Analysts maintain a generally cautious stance, with an average “Hold” rating and a $92.88 price target.

State Street Corp boosted its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 5.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,751,801 shares of the industrial products company's stock after acquiring an additional 416,614 shares during the period. State Street Corp owned 5.80% of Stanley Black & Decker worth $823,720,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Stanley Black & Decker during the 2nd quarter valued at $1,006,417,000. Norges Bank acquired a new stake in shares of Stanley Black & Decker in the 4th quarter worth about $133,961,000. Nykredit A S bought a new position in Stanley Black & Decker in the 2nd quarter valued at about $166,378,000. Confluence Investment Management LLC acquired a new position in Stanley Black & Decker during the 2nd quarter valued at about $126,909,000. Finally, Bank of New York Mellon Corp bought a new stake in Stanley Black & Decker during the 2nd quarter worth approximately $123,843,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $91.80 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.43. The firm has a market cap of $13.86 billion, a price-to-earnings ratio of 22.39, a P/E/G ratio of 1.39 and a beta of 1.17. Stanley Black & Decker, Inc. has a 52 week low of $61.90 and a 52 week high of $104.68. The firm's 50-day simple moving average is $95.42 and its two-hundred day simple moving average is $84.28.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.21 by $0.36. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%.The business had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the business earned $1.08 earnings per share. Stanley Black & Decker's revenue for the quarter was up .4% on a year-over-year basis. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, equities analysts forecast that Stanley Black & Decker, Inc. will post 5.57 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Tuesday, September 8th. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.83. Stanley Black & Decker's dividend payout ratio is currently 81.95%.

Analysts Set New Price Targets

SWK has been the topic of several recent analyst reports. Wells Fargo & Company raised their price objective on Stanley Black & Decker from $90.00 to $95.00 and gave the company an "equal weight" rating in a research note on Friday, September 11th. Wall Street Zen upgraded shares of Stanley Black & Decker from a "buy" rating to a "strong-buy" rating in a report on Sunday, September 6th. The Goldman Sachs Group reissued a "neutral" rating and set a $93.00 price target on shares of Stanley Black & Decker in a research report on Wednesday, July 29th. Citigroup boosted their price target on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, Weiss Ratings raised shares of Stanley Black & Decker from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $92.88.

About Stanley Black & Decker

Stanley Black & Decker, Inc is a global manufacturer of tools, outdoor products and related storage solutions. The company serves professional contractors, industrial users and consumers with power tools, hand tools, accessories, tool storage systems and outdoor equipment.

Its portfolio includes well-known brands such as DEWALT, CRAFTSMAN, STANLEY and BLACK+DECKER. Products are sold through retailers, distributors and direct commercial channels, supporting construction, manufacturing, maintenance, do-it-yourself and outdoor applications.

The company was formed in 2010 through the merger of The Stanley Works and The Black & Decker Corporation, combining businesses with roots dating to the 19th century.

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