ProShare Advisors LLC trimmed its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,335,884 shares of the industrial products company’s stock after selling 13,073 shares during the period. ProShare Advisors LLC owned approximately 1.51% of Stanley Black & Decker worth $173,509,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. GoalVest Advisory LLC acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth approximately $26,000. Chapman Financial Group LLC acquired a new position in shares of Stanley Black & Decker during the second quarter worth approximately $26,000. CYBER HORNET ETFs LLC acquired a new position in shares of Stanley Black & Decker during the second quarter worth approximately $28,000. Sentry Investment Management LLC acquired a new position in shares of Stanley Black & Decker during the third quarter worth approximately $31,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Stanley Black & Decker during the second quarter worth approximately $31,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on SWK. Wall Street Zen lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Sunday. The Goldman Sachs Group restated a “neutral” rating and issued a $84.00 price objective on shares of Stanley Black & Decker in a report on Thursday, February 5th. Robert W. Baird set a $84.00 price objective on shares of Stanley Black & Decker in a report on Thursday, April 30th. JPMorgan Chase & Co. increased their price objective on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a report on Friday, May 1st. Finally, Morgan Stanley increased their price objective on shares of Stanley Black & Decker from $80.00 to $87.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $87.67.
Stanley Black & Decker Trading Up 0.4%
Shares of NYSE SWK opened at $75.45 on Tuesday. The company’s 50 day simple moving average is $73.35 and its 200 day simple moving average is $75.95. Stanley Black & Decker, Inc. has a fifty-two week low of $61.90 and a fifty-two week high of $93.37. The firm has a market capitalization of $11.73 billion, a P/E ratio of 30.92, a P/E/G ratio of 1.06 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.14 and a quick ratio of 0.43.
Stanley Black & Decker (NYSE:SWK – Get Free Report) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.61 by $0.19. Stanley Black & Decker had a net margin of 2.44% and a return on equity of 7.95%. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, analysts predict that Stanley Black & Decker, Inc. will post 5.3 EPS for the current year.
Stanley Black & Decker Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 8th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Monday, June 8th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 136.07%.
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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