Trexquant Investment LP Invests $2.65 Million in Stanley Black & Decker, Inc. $SWK

Key Points

• Trexquant Investment LP has acquired a new stake in Stanley Black & Decker, Inc. worth approximately $2.65 million, purchasing 34,439 shares during the first quarter.
• Stanley Black & Decker reported earnings of $1.08 per share for the last quarter, significantly exceeding analysts' estimates of $0.38, although revenue fell short of expectations.
• The company announced an increase in its quarterly dividend to $0.83 per share, yielding 4.6%, with a payout ratio of 104.13%.

Trexquant Investment LP bought a new position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 34,439 shares of the industrial products company's stock, valued at approximately $2,648,000.

A number of other institutional investors also recently bought and sold shares of SWK. Golden State Wealth Management LLC raised its holdings in Stanley Black & Decker by 1,138.5% in the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock worth $25,000 after purchasing an additional 296 shares during the period. Hanson & Doremus Investment Management bought a new position in Stanley Black & Decker in the 1st quarter worth $31,000. TD Private Client Wealth LLC raised its holdings in Stanley Black & Decker by 830.4% in the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock worth $33,000 after purchasing an additional 382 shares during the period. CX Institutional bought a new position in Stanley Black & Decker in the 1st quarter worth $43,000. Finally, WASHINGTON TRUST Co raised its holdings in Stanley Black & Decker by 530.1% in the 1st quarter. WASHINGTON TRUST Co now owns 838 shares of the industrial products company's stock worth $64,000 after purchasing an additional 705 shares during the period. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Trading Up 1.5%

Shares of Stanley Black & Decker stock opened at $72.80 on Thursday. The firm has a market cap of $11.27 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.64 and a beta of 1.16. The business has a 50-day moving average price of $71.77 and a 200-day moving average price of $70.90. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.70. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.01 billion. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The business's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter 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. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.83 per share. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.6%. Stanley Black & Decker's dividend payout ratio (DPR) is 104.13%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SWK shares. Wall Street Zen cut Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. 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. The Goldman Sachs Group reissued a "neutral" rating and set a $80.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Finally, Barclays decreased their price target on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker currently has an average rating of "Hold" and a consensus target price of $89.40.

Stanley Black & Decker 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.