Stoneridge Investment Partners LLC Lowers Stock Holdings in Stanley Black & Decker, Inc. $SWK

Key Points

• Stoneridge Investment Partners LLC has significantly reduced its stake in Stanley Black & Decker, decreasing its holdings by 67.7% to 6,739 shares, valued at approximately $518,000.
• Stanley Black & Decker reported earnings of $1.08 per share, surpassing analyst expectations, but experienced a 6.2% decline in year-over-year revenue.
• The company has announced a quarterly dividend payment of $0.83 per share, reflecting a slight increase from the previous dividend of $0.82.

Stoneridge Investment Partners LLC reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 67.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,739 shares of the industrial products company's stock after selling 14,138 shares during the quarter. Stoneridge Investment Partners LLC's holdings in Stanley Black & Decker were worth $518,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of Stanley Black & Decker by 18.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,435 shares of the industrial products company's stock valued at $1,494,000 after purchasing an additional 3,009 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of Stanley Black & Decker in the first quarter valued at approximately $245,000. GAMMA Investing LLC boosted its stake in shares of Stanley Black & Decker by 40.5% in the first quarter. GAMMA Investing LLC now owns 4,521 shares of the industrial products company's stock valued at $348,000 after buying an additional 1,304 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Stanley Black & Decker by 2.1% in the first quarter. Private Advisor Group LLC now owns 14,441 shares of the industrial products company's stock valued at $1,110,000 after buying an additional 292 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Stanley Black & Decker by 17.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,200 shares of the industrial products company's stock valued at $2,079,000 after buying an additional 4,128 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Up 2.2%

Shares of NYSE SWK opened at $76.2050 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock's 50 day moving average price is $69.81 and its two-hundred day moving average price is $71.69. The stock has a market capitalization of $11.80 billion, a P/E ratio of 24.19, a PEG ratio of 1.65 and a beta of 1.16. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88.

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

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's payout ratio is currently 104.13%.

Analyst Ratings Changes

A number of analysts have commented on the company. UBS Group decreased their target price on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Wells Fargo & Company boosted their target price on Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Robert W. Baird boosted their target price on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the stock a "buy" rating in a report on Monday. Finally, Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Five equities research 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 presently has a consensus rating of "Hold" and an average price target of $89.40.

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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