Sunriver Management LLC Purchases 30,578 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

• Sunriver Management LLC increased its stake in Stanley Black & Decker by 8.6%, bringing its total to 385,105 shares valued at approximately $29.6 million.
• Stanley Black & Decker plans to increase its quarterly dividend to $0.83 per share, representing a 4.3% yield and an increase from the previous dividend of $0.82.
• In its latest earnings report, Stanley Black & Decker exceeded EPS estimates with $1.08 but reported a 6.2% decline in revenue year-over-year.

Sunriver Management LLC grew its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 8.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 385,105 shares of the industrial products company's stock after purchasing an additional 30,578 shares during the period. Stanley Black & Decker makes up 3.7% of Sunriver Management LLC's investment portfolio, making the stock its 16th largest holding. Sunriver Management LLC owned approximately 0.25% of Stanley Black & Decker worth $29,607,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of SWK. Vontobel Holding Ltd. lifted its position in Stanley Black & Decker by 3.8% during the first quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company's stock valued at $345,000 after purchasing an additional 165 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC lifted its position in Stanley Black & Decker by 0.7% during the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company's stock valued at $1,911,000 after purchasing an additional 174 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in Stanley Black & Decker by 8.8% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company's stock valued at $166,000 after purchasing an additional 174 shares in the last quarter. Allworth Financial LP lifted its position in Stanley Black & Decker by 9.2% during the first quarter. Allworth Financial LP now owns 2,321 shares of the industrial products company's stock valued at $178,000 after purchasing an additional 195 shares in the last quarter. Finally, Regents Gate Capital LLP lifted its position in Stanley Black & Decker by 0.4% during the first quarter. Regents Gate Capital LLP now owns 55,272 shares of the industrial products company's stock valued at $4,249,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Price Performance

Shares of SWK stock traded up $0.59 during trading hours on Wednesday, hitting $75.78. The stock had a trading volume of 1,816,747 shares, compared to its average volume of 2,078,788. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The stock's 50-day moving average price is $70.73 and its two-hundred day moving average price is $71.32. The stock has a market capitalization of $11.73 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 1.66 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $4.01 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The business's revenue was down 6.2% compared to the same quarter last year. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Equities analysts forecast 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. Stockholders of record on Tuesday, September 2nd will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 4.4%. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Tuesday, September 2nd. Stanley Black & Decker's payout ratio is presently 104.13%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wells Fargo & Company lifted their target price on Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. lowered their target price on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research report on Monday, May 5th. Jefferies Financial Group set a $86.00 target price on Stanley Black & Decker and gave the company a "buy" rating in a research report on Monday, August 18th. Finally, UBS Group decreased their price target on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $89.40.

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.