Triangle Securities Wealth Management Trims Holdings in Stanley Black & Decker, Inc. $SWK

Key Points

• Triangle Securities Wealth Management significantly reduced its position in Stanley Black & Decker by 61.2%, bringing its holdings down to 3,180 shares valued at $215,000.
• Analysts have mixed views on the stock, with Barclays lowering its price target from $90 to $89 and several firms assigning a "hold" rating, resulting in a current consensus price target of $89.40.
• Stanley Black & Decker declared an increase in its quarterly dividend to $0.83, resulting in an annual yield of 4.3%, despite a payout ratio of 105.40%.

Triangle Securities Wealth Management cut its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 61.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,180 shares of the industrial products company's stock after selling 5,013 shares during the quarter. Triangle Securities Wealth Management's holdings in Stanley Black & Decker were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings in shares of 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 in the last quarter. 1248 Management LLC bought a new stake in Stanley Black & Decker during the first quarter valued at about $26,000. Hanson & Doremus Investment Management bought a new stake in shares of Stanley Black & Decker in the first quarter worth about $31,000. TD Private Client Wealth LLC increased its holdings in shares of Stanley Black & Decker by 830.4% in the first 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 last quarter. Finally, Garde Capital Inc. increased its stake in Stanley Black & Decker by 160.5% during the second quarter. Garde Capital Inc. now owns 521 shares of the industrial products company's stock worth $35,000 after acquiring an additional 321 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Price Performance

Shares of SWK stock traded up $1.28 on Tuesday, reaching $76.30. The company had a trading volume of 178,798 shares, compared to its average volume of 2,387,274. The business's 50-day moving average is $73.53 and its 200 day moving average is $69.87. The stock has a market capitalization of $11.81 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 1.69 and a beta of 1.16. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. 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 (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter last year, the firm posted $1.09 EPS. The company's quarterly revenue was down 6.2% on a year-over-year basis. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.83 dividend. 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 yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. Stanley Black & Decker's dividend payout ratio is currently 105.40%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SWK. Wells Fargo & Company increased their target price on Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Robert W. Baird boosted their target price on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the company a "buy" rating in a research note on Monday, August 18th. Wall Street Zen lowered Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Barclays reduced their price objective on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a research 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $89.40.

About Stanley Black & Decker

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.