Massachusetts Financial Services Co. MA Boosts Stock Holdings in Stanley Black & Decker, Inc. $SWK

Massachusetts Financial Services Co. MA raised its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,199,427 shares of the industrial products company’s stock after acquiring an additional 17,084 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Stanley Black & Decker were worth $237,813,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SWK. Vanguard Group Inc. boosted its position in shares of Stanley Black & Decker by 0.5% during the second quarter. Vanguard Group Inc. now owns 18,663,999 shares of the industrial products company’s stock worth $1,264,486,000 after buying an additional 91,016 shares during the period. State Street Corp raised its stake in Stanley Black & Decker by 2.3% during the 2nd quarter. State Street Corp now owns 9,423,438 shares of the industrial products company’s stock valued at $638,438,000 after acquiring an additional 215,960 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Stanley Black & Decker by 1.7% in the second quarter. Geode Capital Management LLC now owns 3,965,007 shares of the industrial products company’s stock worth $268,110,000 after purchasing an additional 65,327 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Stanley Black & Decker by 38.8% during the second quarter. ProShare Advisors LLC now owns 2,723,331 shares of the industrial products company’s stock valued at $184,506,000 after purchasing an additional 761,191 shares in the last quarter. Finally, Clean Energy Transition LLP lifted its holdings in Stanley Black & Decker by 30.0% in the second quarter. Clean Energy Transition LLP now owns 1,785,462 shares of the industrial products company’s stock worth $120,965,000 after purchasing an additional 412,029 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SWK shares. UBS Group reduced their price target on shares of Stanley Black & Decker from $105.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Wall Street Zen downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Morgan Stanley set a $88.00 target price on Stanley Black & Decker in a report on Monday, December 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their price objective on shares of Stanley Black & Decker from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $87.33.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK opened at $84.57 on Tuesday. The business’s 50-day simple moving average is $73.78 and its 200-day simple moving average is $72.77. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $91.06. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.35 and a current ratio of 1.11. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of 29.26, a P/E/G ratio of 1.16 and a beta of 1.20.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, November 4th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.19 by $0.24. Stanley Black & Decker had a net margin of 2.89% and a return on equity of 8.10%. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the company earned $1.22 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.650 EPS. As a group, equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st were issued a dividend of $0.83 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $3.32 annualized dividend and a dividend yield of 3.9%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 114.88%.

Stanley Black & Decker Company 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.