Wilsey Asset Management Inc. Buys Shares of 506,177 Stanley Black & Decker, Inc. $SWK

Key Points

• Wilsey Asset Management Inc. has acquired 506,177 shares of Stanley Black & Decker, valued at approximately $34.3 million, making it the 6th largest holding in their investment portfolio.
• Stanley Black & Decker reported earnings of $1.08 per share for the last quarter, surpassing estimates and setting guidance for FY 2025 at $4.550-4.750 EPS.
• The company recently increased its quarterly dividend to $0.83 per share, reflecting a dividend yield of 4.4% and a payout ratio of 105.40%.

Wilsey Asset Management Inc. bought a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 506,177 shares of the industrial products company's stock, valued at approximately $34,293,000. Stanley Black & Decker accounts for about 6.3% of Wilsey Asset Management Inc.'s investment portfolio, making the stock its 6th biggest holding. Wilsey Asset Management Inc. owned approximately 0.33% of Stanley Black & Decker at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Revisor Wealth Management LLC increased its position in Stanley Black & Decker by 26.4% during the 2nd quarter. Revisor Wealth Management LLC now owns 4,707 shares of the industrial products company's stock valued at $348,000 after purchasing an additional 984 shares during the period. GSB Wealth Management LLC grew its position in shares of Stanley Black & Decker by 121.1% during the 2nd quarter. GSB Wealth Management LLC now owns 8,269 shares of the industrial products company's stock worth $560,000 after buying an additional 4,529 shares during the period. GAMMA Investing LLC grew its position in shares of Stanley Black & Decker by 133.7% during the 2nd quarter. GAMMA Investing LLC now owns 10,564 shares of the industrial products company's stock worth $716,000 after buying an additional 6,043 shares during the period. Ridgewood Investments LLC grew its position in shares of Stanley Black & Decker by 142.4% during the 2nd quarter. Ridgewood Investments LLC now owns 4,000 shares of the industrial products company's stock worth $271,000 after buying an additional 2,350 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Stanley Black & Decker by 41.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,630 shares of the industrial products company's stock worth $314,000 after buying an additional 1,347 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Price Performance

Shares of SWK opened at $75.30 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. The business's fifty day moving average is $73.64 and its 200 day moving average is $69.91. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88. The stock has a market cap of $11.66 billion, a P/E ratio of 23.90, a P/E/G ratio of 1.65 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $4.01 billion. During the same period last year, the business earned $1.09 EPS. The business's revenue was down 6.2% on a year-over-year basis. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.83 per share. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date was Tuesday, September 2nd. This represents a $3.32 annualized dividend and a yield of 4.4%. Stanley Black & Decker's dividend payout ratio (DPR) is 105.40%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SWK shares. Jefferies Financial Group set a $86.00 price objective on shares of Stanley Black & Decker and gave the stock a "buy" rating in a research report 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 report on Wednesday, July 30th. Wall Street Zen downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Wolfe Research raised shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. Finally, Barclays cut their target price on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Five 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. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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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