Vest Financial LLC lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 2.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 636,832 shares of the industrial products company’s stock after buying an additional 16,957 shares during the quarter. Vest Financial LLC’s holdings in Stanley Black & Decker were worth $59,939,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in SWK. EverSource Wealth Advisors LLC grew its holdings in Stanley Black & Decker by 25.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the industrial products company’s stock worth $198,000 after acquiring an additional 426 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of Stanley Black & Decker by 23.1% in the second quarter. Sivia Capital Partners LLC now owns 13,572 shares of the industrial products company’s stock worth $1,277,000 after acquiring an additional 2,550 shares during the last quarter. Hartford Financial Management Inc. lifted its position in shares of Stanley Black & Decker by 43.5% during the second quarter. Hartford Financial Management Inc. now owns 1,434 shares of the industrial products company’s stock worth $135,000 after purchasing an additional 435 shares in the last quarter. Signaturefd LLC grew its stake in shares of Stanley Black & Decker by 50.1% during the second quarter. Signaturefd LLC now owns 1,288 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 430 shares during the last quarter. Finally, Cape Investment Advisory Inc. acquired a new stake in shares of Stanley Black & Decker in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 87.77% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on SWK shares. JPMorgan Chase & Co. upped their price objective on Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a report on Friday, May 1st. Citigroup lifted their target price on 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 raised Stanley Black & Decker from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Robert W. Baird set a $84.00 price target on Stanley Black & Decker in a report on Thursday, April 30th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $93.00 price objective on shares of Stanley Black & Decker in a research report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $91.56.
Stanley Black & Decker Trading Down 0.7%
Shares of NYSE SWK opened at $102.20 on Friday. Stanley Black & Decker, Inc. has a fifty-two week low of $61.90 and a fifty-two week high of $104.68. The firm has a market capitalization of $15.43 billion, a P/E ratio of 24.93, a P/E/G ratio of 1.39 and a beta of 1.16. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 0.55. The company’s 50 day simple moving average is $90.73 and its 200 day simple moving average is $82.39.
Stanley Black & Decker (NYSE:SWK – Get Free Report) last released its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.36. The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.08 EPS. 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 5.53 EPS for the current year.
Stanley Black & Decker Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be issued a $0.84 dividend. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.83. This represents a $3.36 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, September 8th. Stanley Black & Decker’s dividend payout ratio is currently 80.98%.
About Stanley Black & Decker
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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