Louisiana State Employees Retirement System Acquires New Stake in Stanley Black & Decker, Inc. $SWK

Louisiana State Employees Retirement System bought a new position in Stanley Black & Decker, Inc. (NYSE:SWKFree Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,900 shares of the industrial products company’s stock, valued at approximately $561,000.

Several other hedge funds also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Stanley Black & Decker by 3.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,648 shares of the industrial products company’s stock valued at $1,203,000 after buying an additional 559 shares in the last quarter. Empowered Funds LLC raised its position in Stanley Black & Decker by 8.2% in the first quarter. Empowered Funds LLC now owns 4,645 shares of the industrial products company’s stock worth $357,000 after acquiring an additional 353 shares in the last quarter. Focus Partners Wealth lifted its holdings in Stanley Black & Decker by 18.8% in the 1st quarter. Focus Partners Wealth now owns 6,981 shares of the industrial products company’s stock valued at $537,000 after acquiring an additional 1,105 shares during the last quarter. CW Advisors LLC bought a new position in shares of Stanley Black & Decker during the 2nd quarter valued at about $249,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Stanley Black & Decker by 53.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 989 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 345 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Trading Down 3.4%

NYSE:SWK opened at $89.38 on Wednesday. The stock has a market cap of $13.89 billion, a PE ratio of 36.63, a price-to-earnings-growth ratio of 1.29 and a beta of 1.16. Stanley Black & Decker, Inc. has a fifty-two week low of $61.90 and a fifty-two week high of $95.16. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.14 and a quick ratio of 0.43. The stock’s 50-day moving average is $82.03 and its two-hundred day moving average is $79.49.

Stanley Black & Decker (NYSE:SWKGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.61 by $0.19. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Stanley Black & Decker had a net margin of 2.44% and a return on equity of 7.95%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.36 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Monday, June 8th were paid a $0.83 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.7%. Stanley Black & Decker’s dividend payout ratio is 136.07%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SWK shares. Morgan Stanley cut their target price on shares of Stanley Black & Decker from $87.00 to $84.00 and set an “equal weight” rating for the company in a research note on Thursday, May 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a report on Monday, April 20th. JPMorgan Chase & Co. raised their price objective on Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a research note on Friday, May 1st. Barclays decreased their target price on Stanley Black & Decker from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Finally, Wall Street Zen raised Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Stanley Black & Decker currently has an average rating of “Hold” and a consensus target price of $88.44.

Check Out Our Latest Report on Stanley Black & Decker

Stanley Black & Decker Profile

(Free Report)

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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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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