Stanley Black & Decker, Inc. $SWK Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP grew its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 106.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,986 shares of the industrial products company’s stock after acquiring an additional 10,313 shares during the quarter. Wellington Management Group LLP’s holdings in Stanley Black & Decker were worth $1,537,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SWK. Vulcan Value Partners LLC acquired a new position in Stanley Black & Decker in the 1st quarter worth approximately $72,063,000. Ameriprise Financial Inc. increased its holdings in Stanley Black & Decker by 44.2% in the 4th quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company’s stock worth $177,905,000 after buying an additional 679,359 shares during the period. Clean Energy Transition LLP increased its holdings in Stanley Black & Decker by 85.2% in the 1st quarter. Clean Energy Transition LLP now owns 1,373,433 shares of the industrial products company’s stock worth $105,590,000 after buying an additional 632,029 shares during the period. Dimensional Fund Advisors LP increased its holdings in Stanley Black & Decker by 29.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company’s stock worth $201,497,000 after buying an additional 601,667 shares during the period. Finally, Nuveen LLC acquired a new position in Stanley Black & Decker in the 1st quarter worth approximately $31,811,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

SWK has been the topic of several research reports. Wall Street Zen downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Wells Fargo & Company increased their price target on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Robert W. Baird raised their price objective on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Jefferies Financial Group set a $86.00 price objective on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research note on Monday, August 18th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating on the stock in a research note on Monday, May 5th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and an average price target of $89.40.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $74.22 on Monday. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 1.64 and a beta of 1.16. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $110.88. The firm’s 50 day simple moving average is $71.36 and its 200-day simple moving average is $70.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.70. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the company earned $1.09 EPS. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $0.83 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a yield of 4.5%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.82. Stanley Black & Decker’s dividend payout ratio is 104.13%.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.