Stoneridge Investment Partners LLC Sells 14,138 Shares of 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 decreased its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 67.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other hedge funds have also recently modified their holdings of SWK. Raymond James Financial Inc. bought a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $15,607,000. Rockefeller Capital Management L.P. raised its holdings in Stanley Black & Decker by 5.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 14,802 shares of the industrial products company's stock valued at $1,189,000 after acquiring an additional 828 shares during the period. XTX Topco Ltd bought a new stake in Stanley Black & Decker during the 4th quarter valued at $286,000. Guggenheim Capital LLC raised its holdings in Stanley Black & Decker by 10.3% during the 4th quarter. Guggenheim Capital LLC now owns 18,267 shares of the industrial products company's stock valued at $1,467,000 after acquiring an additional 1,703 shares during the period. Finally, Jump Financial LLC bought a new stake in Stanley Black & Decker during the 4th quarter valued at $632,000. Institutional investors own 87.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. UBS Group lowered their target price on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Barclays lowered their target price on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Robert W. Baird boosted their target price on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Wells Fargo & Company boosted their target price on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Finally, Wall Street Zen lowered 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 given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $89.40.

Stanley Black & Decker Price Performance

SWK traded down $0.4940 on Monday, reaching $77.0360. The company had a trading volume of 858,880 shares, compared to its average volume of 2,395,771. The business has a 50 day simple moving average of $70.29 and a 200 day simple moving average of $71.36. The company has a market cap of $11.92 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 1.71 and a beta of 1.16. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. 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 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 for 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%. Stanley Black & Decker's quarterly revenue was down 6.2% on a year-over-year basis. During the same period last year, the firm posted $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current 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 paid a $0.83 dividend. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. Stanley Black & Decker's payout ratio is currently 104.13%.

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.