Summit Financial LLC Makes New Investment in Stanley Black & Decker, Inc. $SWK

Key Points

• Summit Financial LLC has acquired a new stake in Stanley Black & Decker, purchasing 28,750 shares valued at approximately $2.21 million.
• The company recently reported earnings of $1.08 per share, significantly surpassing analysts' estimates, despite experiencing a 6.2% year-over-year revenue decline.
• Stanley Black & Decker announced a dividend increase to $0.83 per share, with a current yield of 4.3%, and a payout ratio of 104.13%.

Summit Financial LLC acquired a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 28,750 shares of the industrial products company's stock, valued at approximately $2,210,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its holdings in Stanley Black & Decker by 1,138.5% during the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 296 shares during the last quarter. Hanson & Doremus Investment Management acquired a new position in Stanley Black & Decker during the first quarter valued at approximately $31,000. TD Private Client Wealth LLC grew its holdings in Stanley Black & Decker by 830.4% during the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 382 shares during the last quarter. CX Institutional acquired a new position in Stanley Black & Decker during the first quarter valued at approximately $43,000. Finally, Minot DeBlois Advisors LLC acquired a new position in Stanley Black & Decker during the fourth quarter valued at approximately $65,000. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

SWK traded down $0.89 during trading on Thursday, reaching $74.85. 532,860 shares of the company's stock were exchanged, compared to its average volume of 2,390,633. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. 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 business has a 50 day moving average price of $70.95 and a 200 day moving average price of $71.35. The company has a market capitalization of $11.59 billion, a P/E ratio of 23.75, a PEG ratio of 1.66 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted 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 firm 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%. The business's revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. As a group, analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. 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 dividend yield of 4.4%. Stanley Black & Decker's dividend payout ratio (DPR) is 104.13%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SWK shares. Barclays lowered their price objective on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Robert W. Baird raised 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 note on Tuesday, July 22nd. Wells Fargo & Company raised their price objective on shares of 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 upgraded shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. Finally, Jefferies Financial Group set a $86.00 price objective on shares of Stanley Black & Decker and gave the stock 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 given a Sell rating to the company's stock. According to MarketBeat, Stanley Black & Decker currently has an average rating of "Hold" and a consensus target price 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.