Belpointe Asset Management LLC Boosts Stock Holdings in Stanley Black & Decker, Inc. $SWK

Belpointe Asset Management LLC raised its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 24.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,964 shares of the industrial products company’s stock after purchasing an additional 591 shares during the period. Belpointe Asset Management LLC’s holdings in Stanley Black & Decker were worth $228,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Focus Partners Wealth increased its position in Stanley Black & Decker by 18.8% during the 1st quarter. Focus Partners Wealth now owns 6,981 shares of the industrial products company’s stock valued at $537,000 after purchasing an additional 1,105 shares during the period. Ransom Advisory Ltd purchased a new position in shares of Stanley Black & Decker in the 1st quarter worth approximately $208,000. Bayforest Capital Ltd grew its position in shares of Stanley Black & Decker by 110.2% in the 1st quarter. Bayforest Capital Ltd now owns 2,825 shares of the industrial products company’s stock worth $217,000 after buying an additional 1,481 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Stanley Black & Decker by 4.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,106,225 shares of the industrial products company’s stock worth $85,047,000 after buying an additional 48,471 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of Stanley Black & Decker by 8.2% in the 1st quarter. Empowered Funds LLC now owns 4,645 shares of the industrial products company’s stock worth $357,000 after buying an additional 353 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

SWK opened at $78.66 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The firm has a fifty day moving average price of $73.05 and a 200 day moving average price of $70.12. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88. The stock has a market cap of $12.18 billion, a P/E ratio of 24.97, a P/E/G ratio of 1.71 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the business posted $1.09 EPS. The business’s revenue 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. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently announced 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 is Tuesday, September 2nd. This represents a $3.32 annualized dividend and a dividend yield of 4.2%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.82. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 105.40%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SWK. 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 report on Monday, August 18th. Robert W. Baird lifted 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 report on Tuesday, July 22nd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Wall Street Zen downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Barclays dropped their target price on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $89.40.

Stanley Black & Decker Company Profile

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.