Flputnam Investment Management Co. purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 22,011 shares of the industrial products company’s stock, valued at approximately $2,072,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cape Investment Advisory Inc. bought a new stake in Stanley Black & Decker in the second quarter worth $35,000. Chapman Financial Group LLC bought a new position in shares of Stanley Black & Decker during the second quarter valued at $26,000. CYBER HORNET ETFs LLC purchased a new position in shares of Stanley Black & Decker in the 2nd quarter worth about $28,000. Motiv8 Investments LLC bought a new position in Stanley Black & Decker in the 4th quarter worth about $31,000. Finally, MUFG Securities EMEA plc purchased a new stake in Stanley Black & Decker during the 2nd quarter valued at about $31,000. Institutional investors own 87.77% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have issued reports on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $93.00 target price on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Morgan Stanley set a $96.00 price target on shares of Stanley Black & Decker in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. JPMorgan Chase & Co. increased their target price on Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a research note on Friday, May 1st. Finally, Wall Street Zen raised Stanley Black & Decker from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Three equities research 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’s stock. According to data from MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and an average target price of $92.25.
Stanley Black & Decker Stock Down 2.5%
SWK opened at $99.56 on Tuesday. The stock has a market capitalization of $15.04 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 1.38 and a beta of 1.16. The firm has a 50 day moving average price of $91.61 and a 200-day moving average price of $82.66. Stanley Black & Decker, Inc. has a twelve month low of $61.90 and a twelve month high of $104.68. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.53.
Stanley Black & Decker (NYSE:SWK – Get Free Report) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.36. The company had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the company posted $1.08 earnings per share. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.53 earnings per share for the current year.
Stanley Black & Decker Increases Dividend
The company 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. The ex-dividend date of this dividend is Tuesday, September 8th. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.83. This represents a $3.36 annualized dividend and a dividend yield of 3.4%. Stanley Black & Decker’s dividend payout ratio is presently 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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