The Manufacturers Life Insurance Company Invests $32.54 Million in Stanley Black & Decker, Inc. $SWK

Key Points

• The Manufacturers Life Insurance Company acquired 345,744 Stanley Black & Decker shares worth approximately $32.54 million, joining other major institutions that recently established positions. Institutional investors now own 87.77% of the company.
• Analysts maintain a consensus “Hold” rating with an average price target of $92.25, despite targets ranging from $84 to $107. The stock recently traded at $99.87, near its 12-month high of $104.68.
• Stanley Black & Decker exceeded quarterly EPS expectations, reporting $1.57 versus the $1.21 consensus estimate, while revenue reached $3.96 billion. The company also raised its quarterly dividend to $0.84 per share, equivalent to a 3.4% annualized yield.

The Manufacturers Life Insurance Company purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 345,744 shares of the industrial products company's stock, valued at approximately $32,541,000. The Manufacturers Life Insurance Company owned about 0.23% of Stanley Black & Decker at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Stanley Black & Decker in the second quarter valued at $1,006,417,000. Norges Bank acquired a new position in Stanley Black & Decker during the 4th quarter worth about $133,961,000. Confluence Investment Management LLC bought a new stake in Stanley Black & Decker during the 2nd quarter worth about $126,909,000. Bank of New York Mellon Corp acquired a new stake in Stanley Black & Decker in the 2nd quarter valued at about $123,843,000. Finally, Freestone Grove Partners LP acquired a new stake in Stanley Black & Decker in the 3rd quarter valued at about $95,602,000. Institutional investors own 87.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Robert W. Baird set a $84.00 target price on shares of Stanley Black & Decker in a research report on Thursday, April 30th. Morgan Stanley set a $96.00 price target on shares of Stanley Black & Decker in a report on Monday, August 10th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $93.00 price objective on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Wells Fargo & Company boosted their target price on Stanley Black & Decker from $80.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 18th. Finally, Citigroup upped their price target on Stanley Black & Decker from $100.00 to $107.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $92.25.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $99.87 on Thursday. The stock's fifty day simple moving average is $93.97 and its 200 day simple moving average is $83.55. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $15.08 billion, a PE ratio of 24.36, a PEG ratio of 1.32 and a beta of 1.16. Stanley Black & Decker, Inc. has a 12 month low of $61.90 and a 12 month high of $104.68.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.36. The firm had revenue of $3.96 billion during the quarter, compared to analysts' expectations of $3.97 billion. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%.The company's revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 earnings per share. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, research analysts predict that Stanley Black & Decker, Inc. will post 5.57 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 8th. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.83. Stanley Black & Decker's dividend payout ratio (DPR) is currently 80.98%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc NYSE: SWK is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company's portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.

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