The Manufacturers Life Insurance Company Sells 39,440 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

• The Manufacturers Life Insurance Company reduced its holdings in Stanley Black & Decker by 12.4% in the first quarter, selling 39,440 shares and retaining approximately 0.18% of the company.
• Stanley Black & Decker's earnings report showed a decline in quarterly revenue by 6.2% year-over-year, with earnings per share of $1.08, significantly beating estimates.
• The company has announced an increase in its quarterly dividend to $0.83 per share, representing a yield of 4.6%, although its dividend payout ratio is currently over 100%.

The Manufacturers Life Insurance Company lowered its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 12.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 278,448 shares of the industrial products company's stock after selling 39,440 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.18% of Stanley Black & Decker worth $21,407,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SWK. Ameriprise Financial Inc. lifted its holdings in shares of Stanley Black & Decker by 59.8% in the first quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company's stock valued at $272,294,000 after purchasing an additional 1,326,113 shares in the last quarter. Vulcan Value Partners LLC acquired a new position in shares of Stanley Black & Decker in the first quarter worth $72,063,000. Clean Energy Transition LLP increased its stake in shares of Stanley Black & Decker by 85.2% in the first quarter. Clean Energy Transition LLP now owns 1,373,433 shares of the industrial products company's stock worth $105,590,000 after acquiring an additional 632,029 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Stanley Black & Decker by 29.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company's stock worth $201,497,000 after acquiring an additional 601,667 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Stanley Black & Decker in the first quarter worth $31,811,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

Shares of NYSE:SWK traded up $3.56 during midday trading on Friday, hitting $78.30. The company's stock had a trading volume of 3,181,138 shares, compared to its average volume of 1,881,492. The stock has a market capitalization of $12.12 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 1.65 and a beta of 1.16. The stock's 50 day simple moving average is $72.12 and its 200 day simple moving average is $70.76. 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 debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.70. The company 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%.The firm's revenue was down 6.2% compared to the same quarter last year. During the same period last year, the business posted $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. As a group, research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business 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. The ex-dividend date is Tuesday, September 2nd. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 annualized dividend and a dividend yield of 4.2%. Stanley Black & Decker's dividend payout ratio is 105.40%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target 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. Wall Street Zen downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. The Goldman Sachs Group reissued a "neutral" rating and set a $80.00 target price on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. 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 research report on Tuesday, May 13th. Finally, 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 research report on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of "Hold" and a consensus target price 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.