UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $85.05 Million Stock Holdings in Stanley Black & Decker, Inc. $SWK

Key Points

• UBS Asset Management increased its stake in Stanley Black & Decker by 4.6%, owning approximately $85.05 million worth of the company's stock.
• Stanley Black & Decker reported Q2 earnings with an EPS of $1.08, surpassing estimates significantly, despite experiencing a 6.2% year-over-year decline in quarterly revenue.
• The company announced a quarterly dividend of $0.83 per share, reflecting an increase from the previous dividend and aiming for an annual yield of 4.3%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 4.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,106,225 shares of the industrial products company's stock after purchasing an additional 48,471 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.72% of Stanley Black & Decker worth $85,047,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its position in Stanley Black & Decker by 1,138.5% during 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 acquired a new position in Stanley Black & Decker in the 1st quarter valued at approximately $26,000. Hanson & Doremus Investment Management acquired a new position in Stanley Black & Decker in the 1st quarter valued at approximately $31,000. TD Private Client Wealth LLC increased its position 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 valued at $33,000 after acquiring an additional 382 shares during the period. Finally, CX Institutional acquired a new position in Stanley Black & Decker in the 1st quarter valued at approximately $43,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SWK shares. Jefferies Financial Group set a $86.00 price target on shares of Stanley Black & Decker and gave the company a "buy" rating in a research report on Monday, August 18th. Barclays decreased their price target 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. Wall Street Zen lowered 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 reaffirmed a "neutral" rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Finally, Wolfe Research raised shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $89.40.

Stanley Black & Decker Trading Down 2.4%

NYSE:SWK opened at $77.59 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.75 and a beta of 1.16. The firm has a fifty day simple moving average of $72.86 and a two-hundred day simple moving average of $70.29. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.01 billion. During the same period last year, the company posted $1.09 earnings per share. The business'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. Analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.3%. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Tuesday, September 2nd. Stanley Black & Decker's payout ratio is 105.40%.

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.

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