Wealth Enhancement Advisory Services LLC Sells 10,830 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in Stanley Black & Decker by 10.7%, selling 10,830 shares and now holding approximately 0.06% of the company, valued at $6,433,000.
• Various analysts have adjusted their price targets, with Wells Fargo raising it from $70.00 to $75.00 and Robert W. Baird boosting it from $65.00 to $78.00, while overall, the company has a consensus price target of $89.40.
• Stanley Black & Decker recently declared a quarterly dividend of $0.83, representing an increase from the previous $0.82, and brings the company's annualized dividend yield to 4.4%.

Wealth Enhancement Advisory Services LLC lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 10.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,481 shares of the industrial products company's stock after selling 10,830 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.06% of Stanley Black & Decker worth $6,433,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vontobel Holding Ltd. lifted its holdings in 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 valued at $345,000 after purchasing an additional 165 shares in the last quarter. Parallel Advisors LLC raised its holdings in Stanley Black & Decker by 15.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,313 shares of the industrial products company's stock valued at $89,000 after buying an additional 171 shares during the period. Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in shares of 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 worth $1,911,000 after acquiring an additional 174 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Stanley Black & Decker by 8.8% during the first 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 during the period. Finally, RB Capital Management LLC grew its position 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. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Wall Street Zen downgraded 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 target on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Barclays dropped their price objective on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Finally, Robert W. Baird boosted their price target on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Five equities 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 MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $89.40.

Stanley Black & Decker Stock Up 0.4%

SWK stock opened at $75.30 on Wednesday. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $110.88. The company has a market cap of $11.66 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 1.65 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. The firm has a 50-day moving average of $73.64 and a two-hundred day moving average of $69.91.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, topping 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%.The firm's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. As a group, 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.83 dividend. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.32 annualized dividend and a dividend yield of 4.4%. Stanley Black & Decker's dividend payout ratio is currently 105.40%.

Stanley Black & Decker Company 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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