Tocqueville Asset Management L.P. Acquires New Position in Stanley Black & Decker, Inc. $SWK

Key Points

• Tocqueville Asset Management acquired 316,811 shares of Stanley Black & Decker, valued at approximately $29.8 million, giving it a 0.21% stake. Institutional investors and hedge funds collectively own 87.77% of the company.
• Stanley Black & Decker reported quarterly earnings of $1.57 per share, exceeding estimates of $1.21, while revenue rose 0.4% year over year to $3.96 billion. The company raised its quarterly dividend to $0.84, representing a 3.4% annualized yield.
• Analyst sentiment remains mixed, with three Buy, six Hold, and one Sell rating; the consensus rating is Hold with a $92.25 price target, below the stock’s reported $99.84 price.

Tocqueville Asset Management L.P. bought a new position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 316,811 shares of the industrial products company's stock, valued at approximately $29,818,000. Tocqueville Asset Management L.P. owned approximately 0.21% of Stanley Black & Decker at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cape Investment Advisory Inc. acquired a new stake in shares of Stanley Black & Decker in the second quarter valued at approximately $35,000. Chapman Financial Group LLC acquired a new position in Stanley Black & Decker during the second quarter worth $26,000. CYBER HORNET ETFs LLC purchased a new stake in Stanley Black & Decker in the 2nd quarter valued at $28,000. Motiv8 Investments LLC acquired a new stake in shares of Stanley Black & Decker in the 4th quarter worth $31,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Stanley Black & Decker during the 2nd quarter worth $31,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Up 1.5%

Shares of SWK opened at $99.84 on Thursday. The company's 50-day moving average price is $92.42 and its 200 day moving average price is $82.94. Stanley Black & Decker, Inc. has a 12-month low of $61.90 and a 12-month high of $104.68. 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 firm has a market cap of $15.08 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 1.33 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.36. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The business had revenue of $3.96 billion during the quarter, compared to analysts' expectations of $3.97 billion. During the same period last year, the business earned $1.08 earnings per share. The business's revenue for the quarter was up .4% on a year-over-year basis. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.53 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be given a $0.84 dividend. 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. This represents a $3.36 dividend on an annualized basis and a yield of 3.4%. Stanley Black & Decker's dividend payout ratio is presently 80.98%.

Analyst Upgrades and Downgrades

SWK has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the company an "underweight" rating in a report on Friday, May 1st. Citigroup boosted their target price on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the company a "buy" rating in a report on Friday, July 31st. The Goldman Sachs Group reissued a "neutral" rating and issued a $93.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 29th. Morgan Stanley set a $96.00 price target on shares of Stanley Black & Decker in a research report on Monday, August 10th. Finally, Wells Fargo & Company upped their price objective on Stanley Black & Decker from $80.00 to $90.00 and gave the company an "equal weight" rating in a report on Thursday, June 18th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $92.25.

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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