Stanley Black & Decker, Inc. $SWK Shares Purchased by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its stake in Stanley Black & Decker by 29.6%, owning 20,454 shares valued at approximately $1.57 million as of its last SEC filing.
• Stanley Black & Decker recently announced a dividend increase to $0.83 per share, reflecting an annualized rate of $3.32, resulting in a 4.6% dividend yield.
• The company reported earnings of $1.08 per share for the last quarter, surpassing expectations, although revenue was down 6.2% year-over-year at $3.95 billion.

Vident Advisory LLC increased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 29.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,454 shares of the industrial products company's stock after buying an additional 4,672 shares during the quarter. Vident Advisory LLC's holdings in Stanley Black & Decker were worth $1,573,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SWK. Golden State Wealth Management LLC grew its holdings in shares of 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 during the period. Hanson & Doremus Investment Management purchased a new position in shares of Stanley Black & Decker during the 1st quarter worth $31,000. TD Private Client Wealth LLC grew its holdings in shares of Stanley Black & Decker by 830.4% during 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 purchased a new position in shares of Stanley Black & Decker during the 1st quarter worth $43,000. Finally, WASHINGTON TRUST Co grew its holdings in shares of Stanley Black & Decker by 530.1% during 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. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Up 4.8%

SWK stock traded up $3.56 during mid-day trading on Friday, reaching $78.30. The company had a trading volume of 3,181,138 shares, compared to its average volume of 1,881,492. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The company has a market capitalization of $12.12 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 1.65 and a beta of 1.16. The firm has a fifty day simple moving average of $72.12 and a 200 day simple moving average of $70.76. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.70. The company had revenue of $3.95 billion for 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%.Stanley Black & Decker's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 EPS. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a $0.83 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a yield of 4.2%. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's dividend payout ratio is 105.40%.

Wall Street Analysts Forecast Growth

SWK has been the topic of a number of research analyst reports. Wells Fargo & Company boosted 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. UBS Group cut their target price on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Wall Street Zen lowered Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. Finally, Jefferies Financial Group set a $86.00 target price on Stanley Black & Decker and gave the company a "buy" rating in a research report on Monday, August 18th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus 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.