VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 47,050 Stanley Black & Decker, Inc. $SWK

Key Points

• Virginia Retirement Systems bought 47,050 Stanley Black & Decker shares worth approximately $4.43 million, while institutional investors overall own 87.77% of the company.
• Analyst sentiment remains mixed: the stock has an average “Hold” rating and a consensus price target of $92.25, despite Citigroup raising its target to $107 and Wall Street Zen upgrading the shares to “strong-buy.”
• Stanley Black & Decker reported quarterly EPS of $1.57, beating estimates of $1.21, and increased its quarterly dividend to $0.84 per share, representing a 3.7% annualized yield.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 47,050 shares of the industrial products company's stock, valued at approximately $4,428,000.

Other institutional investors and hedge funds have also modified their holdings of the company. California State Teachers Retirement System lifted its stake in Stanley Black & Decker by 9,379.5% in the 2nd quarter. California State Teachers Retirement System now owns 16,965,789 shares of the industrial products company's stock worth $1,596,820,000 after acquiring an additional 16,786,815 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Stanley Black & Decker by 0.7% in the 4th quarter. Capital Research Global Investors now owns 12,856,517 shares of the industrial products company's stock valued at $954,991,000 after purchasing an additional 88,402 shares during the period. BlackRock Inc. purchased a new stake in shares of Stanley Black & Decker in the second quarter worth approximately $1,006,417,000. Price T Rowe Associates Inc. MD lifted its position in shares of Stanley Black & Decker by 1.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,898,190 shares of the industrial products company's stock worth $735,239,000 after purchasing an additional 101,769 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Stanley Black & Decker by 2.3% during the second quarter. State Street Corp now owns 9,423,438 shares of the industrial products company's stock worth $638,438,000 after purchasing an additional 215,960 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on SWK. Citigroup upped their price objective on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Wall Street Zen upgraded shares of Stanley Black & Decker from a "buy" rating to a "strong-buy" rating in a report on Sunday. Wells Fargo & Company upped their price target on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 18th. Morgan Stanley set a $96.00 price objective on Stanley Black & Decker in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded Stanley Black & Decker from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Stanley Black & Decker currently has an average rating of "Hold" and a consensus price target of $92.25.

Stanley Black & Decker Stock Down 2.2%

Stanley Black & Decker stock opened at $91.77 on Thursday. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53. Stanley Black & Decker, Inc. has a 1-year low of $61.90 and a 1-year high of $104.68. The firm's fifty day simple moving average is $95.27 and its 200-day simple moving average is $83.96. The company has a market capitalization of $13.86 billion, a P/E ratio of 22.38, a P/E/G ratio of 1.44 and a beta of 1.17.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.36. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The firm had revenue of $3.96 billion during the quarter, compared to analysts' expectations of $3.97 billion. During the same period in the prior year, the company posted $1.08 earnings per share. Stanley Black & Decker's revenue for the quarter was up .4% on a year-over-year basis. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.57 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.84 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.7%. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.83. Stanley Black & Decker's payout ratio is currently 81.95%.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc NYSE: SWK is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company's portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.

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