Public Employees Retirement System of Ohio Lowers Holdings in Stanley Black & Decker, Inc. $SWK

Public Employees Retirement System of Ohio lessened its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,986 shares of the industrial products company’s stock after selling 2,907 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Stanley Black & Decker were worth $3,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Vontobel Holding Ltd. raised its position in shares of Stanley Black & Decker by 3.8% in the 1st quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company’s stock worth $345,000 after purchasing an additional 165 shares during the last quarter. Parallel Advisors LLC raised its position in Stanley Black & Decker by 15.0% in the 2nd quarter. Parallel Advisors LLC now owns 1,313 shares of the industrial products company’s stock worth $89,000 after buying an additional 171 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its position in Stanley Black & Decker by 0.7% in the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company’s stock worth $1,911,000 after buying an additional 174 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in Stanley Black & Decker by 8.8% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company’s stock worth $166,000 after buying an additional 174 shares during the last quarter. Finally, RB Capital Management LLC raised its position in Stanley Black & Decker by 1.8% in the 1st quarter. RB Capital Management LLC now owns 9,937 shares of the industrial products company’s stock worth $764,000 after buying an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their target price on Stanley Black & Decker from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 30th. Jefferies Financial Group set a $86.00 price target on shares of Stanley Black & Decker and gave the company a “buy” rating in a research report on Monday, August 18th. The Goldman Sachs Group reiterated a “neutral” rating and set a $80.00 price objective on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Robert W. Baird boosted their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Finally, Barclays cut their price objective on Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Five investment 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $89.40.

Stanley Black & Decker Trading Up 0.4%

SWK stock opened at $74.22 on Wednesday. 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 company has a market capitalization of $11.49 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 1.62 and a beta of 1.16. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.62. The business has a 50 day simple moving average of $73.99 and a two-hundred day simple moving average of $69.62.

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

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.83 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a dividend 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 currently 105.40%.

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.