Voya Investment Management LLC Cuts Stake in Stanley Black & Decker, Inc. $SWK

Key Points

• Voya Investment Management LLC reduced its stake in Stanley Black & Decker by 2.8%, holding approximately 628,527 shares valued at $48.3 million after selling nearly 18,000 shares in the first quarter.
• Stanley Black & Decker reported earnings of $1.08 per share, significantly exceeding expectations, although revenue fell 6.2% year-over-year to $3.95 billion.
• The company increased its quarterly dividend to $0.83 per share, resulting in an annualized dividend yield of 4.3%, despite having a dividend payout ratio of 105.40%.

Voya Investment Management LLC lowered its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 628,527 shares of the industrial products company's stock after selling 17,963 shares during the quarter. Voya Investment Management LLC owned approximately 0.41% of Stanley Black & Decker worth $48,321,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Vontobel Holding Ltd. grew its position in shares of Stanley Black & Decker by 3.8% during the first quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company's stock worth $345,000 after purchasing an additional 165 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC grew its holdings in Stanley Black & Decker by 0.7% during 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 buying an additional 174 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Stanley Black & Decker by 8.8% during 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 buying an additional 174 shares in the last quarter. RB Capital Management LLC grew its holdings in Stanley Black & Decker by 1.8% during the 1st quarter. RB Capital Management LLC now owns 9,937 shares of the industrial products company's stock valued at $764,000 after buying an additional 175 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in Stanley Black & Decker by 9.2% during the 1st quarter. Allworth Financial LP now owns 2,321 shares of the industrial products company's stock valued at $178,000 after buying an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Trading Down 2.4%

Shares of NYSE:SWK opened at $77.59 on Friday. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88. The business's fifty day simple moving average is $72.86 and its 200-day simple moving average is $70.29. The company 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 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 (NYSE:SWK - Get Free Report) last announced 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. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the business posted $1.09 EPS. The business's revenue was down 6.2% compared to the same quarter last year. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. As a group, equities research analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.83 per share. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date is Tuesday, September 2nd. This represents a $3.32 annualized dividend and a yield of 4.3%. Stanley Black & Decker's dividend payout ratio (DPR) is presently 105.40%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SWK. Jefferies Financial Group set a $86.00 price objective on Stanley Black & Decker and gave the company a "buy" rating in a research note on Monday, August 18th. Wells Fargo & Company raised their price objective on Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group reissued a "neutral" rating and set a $80.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Barclays decreased their price target on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Finally, Wall Street Zen lowered Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock 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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