Swedbank AB Decreases Stake in Stanley Black & Decker, Inc. $SWK

Key Points

• Swedbank AB decreased its holdings in Stanley Black & Decker by 78.9% in the second quarter, resulting in $2.70 million worth of stock after selling 149,189 shares.
• Favorable earnings reports show that Stanley Black & Decker beat earnings expectations, reporting $1.08 EPS, but faced a 6.2% revenue decline year-over-year.
• The company recently increased its quarterly dividend from $0.82 to $0.83 per share, reflecting a dividend yield of 4.3%.

Swedbank AB decreased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 78.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,896 shares of the industrial products company's stock after selling 149,189 shares during the quarter. Swedbank AB's holdings in Stanley Black & Decker were worth $2,703,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Gilman Hill Asset Management LLC increased its position in Stanley Black & Decker by 33.1% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 144,299 shares of the industrial products company's stock valued at $9,776,000 after purchasing an additional 35,863 shares during the period. Procyon Advisors LLC lifted its stake in shares of Stanley Black & Decker by 18.1% in the 2nd quarter. Procyon Advisors LLC now owns 7,288 shares of the industrial products company's stock valued at $494,000 after purchasing an additional 1,118 shares during the period. Goelzer Investment Management Inc. increased its holdings in Stanley Black & Decker by 50.9% in the 2nd quarter. Goelzer Investment Management Inc. now owns 74,867 shares of the industrial products company's stock worth $5,072,000 after acquiring an additional 25,254 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Stanley Black & Decker during the second quarter worth $1,529,000. Finally, Fiduciary Alliance LLC purchased a new stake in shares of Stanley Black & Decker during the second quarter worth $278,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Trading Down 1.9%

Shares of SWK stock traded down $1.47 during mid-day trading on Monday, hitting $75.20. The company's stock had a trading volume of 2,351,759 shares, compared to its average volume of 2,233,744. The company has a market cap of $11.64 billion, a PE ratio of 23.87, a P/E/G ratio of 1.69 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. The company's fifty day simple moving average is $73.46 and its 200-day simple moving average is $69.97.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate 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 return on equity of 7.76% and a net margin of 3.15%.Stanley Black & Decker's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. As a group, equities research analysts expect 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 was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.83 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a yield of 4.4%. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's payout ratio is presently 105.40%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SWK. The Goldman Sachs Group reissued a "neutral" rating and set a $80.00 price target on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Wall Street Zen downgraded Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. 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 report on Wednesday, July 30th. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the company a "buy" rating in a research report on Monday, August 18th. Finally, Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average 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.