Sumitomo Mitsui DS Asset Management Company Ltd Sells 18,005 Shares of Stanley Black & Decker, Inc. $SWK

Sumitomo Mitsui DS Asset Management Company Ltd lowered its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 82.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,859 shares of the industrial products company's stock after selling 18,005 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Stanley Black & Decker were worth $261,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in Stanley Black & Decker by 59.8% in the 1st quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company's stock worth $272,294,000 after buying an additional 1,326,113 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Stanley Black & Decker by 0.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,119,211 shares of the industrial products company's stock valued at $239,805,000 after buying an additional 20,742 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Stanley Black & Decker by 29.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company's stock valued at $201,497,000 after buying an additional 601,667 shares in the last quarter. Northern Trust Corp lifted its position in shares of Stanley Black & Decker by 9.2% during the 1st quarter. Northern Trust Corp now owns 1,571,420 shares of the industrial products company's stock valued at $120,811,000 after buying an additional 132,509 shares in the last quarter. Finally, Clean Energy Transition LLP lifted its holdings in Stanley Black & Decker by 85.2% in the 1st quarter. Clean Energy Transition LLP now owns 1,373,433 shares of the industrial products company's stock valued at $105,590,000 after purchasing an additional 632,029 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Trading Down 1.9%

NYSE:SWK opened at $75.20 on Tuesday. The firm has a market cap of $11.64 billion, a P/E ratio of 23.87, a PEG ratio of 1.69 and a beta of 1.16. 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 stock's 50 day simple moving average is $73.53 and its 200-day simple moving average is $69.87. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data 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. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. Stanley Black & Decker's quarterly revenue was down 6.2% on a year-over-year basis. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Equities 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 disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.83 per share. 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 4.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. Stanley Black & Decker's dividend payout ratio is currently 105.40%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SWK. Wells Fargo & Company raised their target price on Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating 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 report on Tuesday, July 8th. Barclays lowered their target price on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Robert W. Baird lifted their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Jefferies Financial Group set a $86.00 price objective on Stanley Black & Decker and gave the company a "buy" rating in a research note on Monday, August 18th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $89.40.

Stanley Black & Decker 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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