United Services Automobile Association Buys New Position in Stanley Black & Decker, Inc. $SWK

Key Points

• United Services Automobile Association has acquired a new stake in Stanley Black & Decker, purchasing 3,632 shares valued at approximately $278,000.
• Stanley Black & Decker recently increased its quarterly dividend to $0.83, which equates to an annual yield of 4.3%, up from the previous dividend of $0.82.
• Despite reporting earnings per share of $1.08 for the last quarter, exceeding analysts' expectations, the company's revenue fell by 6.2% year-over-year.

United Services Automobile Association bought a new stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,632 shares of the industrial products company's stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vontobel Holding Ltd. lifted its holdings in Stanley Black & Decker by 3.8% in the 1st quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company's stock valued at $345,000 after acquiring an additional 165 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in Stanley Black & Decker by 0.7% in the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company's stock valued at $1,911,000 after acquiring an additional 174 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Stanley Black & Decker by 8.8% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company's stock valued at $166,000 after acquiring an additional 174 shares during the last quarter. RB Capital Management LLC lifted its holdings in Stanley Black & Decker by 1.8% in the 1st quarter. RB Capital Management LLC now owns 9,937 shares of the industrial products company's stock valued at $764,000 after acquiring an additional 175 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in Stanley Black & Decker by 9.2% in the 1st quarter. Allworth Financial LP now owns 2,321 shares of the industrial products company's stock valued at $178,000 after acquiring an additional 195 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Price Performance

SWK stock 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. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The firm has a market capitalization of $12.01 billion, a PE ratio of 24.63, a P/E/G ratio of 1.75 and a beta of 1.16. The firm has a 50-day moving average of $72.86 and a two-hundred day moving average of $70.40.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.70. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.01 billion. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The firm's revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. On average, analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given 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 currently 105.40%.

Analyst Ratings Changes

SWK has been the subject of a number of research analyst reports. Robert W. Baird upped their price target on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Barclays cut 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 report on Wednesday, July 30th. Jefferies Financial Group set a $86.00 price objective on shares of Stanley Black & Decker and gave the company a "buy" rating in a research note on Monday, August 18th. The Goldman Sachs Group reaffirmed a "neutral" rating and set 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 research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, 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.

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