HB Wealth Management LLC Sells 658 Shares of Stanley Black & Decker, Inc. $SWK

HB Wealth Management LLC cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 11.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,192 shares of the industrial products company’s stock after selling 658 shares during the period. HB Wealth Management LLC’s holdings in Stanley Black & Decker were worth $352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its holdings in Stanley Black & Decker by 59.8% in the 1st quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company’s stock worth $272,294,000 after buying an additional 1,326,113 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Stanley Black & Decker by 0.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,119,211 shares of the industrial products company’s stock worth $239,805,000 after buying an additional 20,742 shares during the period. Dimensional Fund Advisors LP boosted 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. Northern Trust Corp boosted its holdings in Stanley Black & Decker by 9.2% in the 1st quarter. Northern Trust Corp now owns 1,571,420 shares of the industrial products company’s stock worth $120,811,000 after buying an additional 132,509 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in Stanley Black & Decker by 3.0% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,538,360 shares of the industrial products company’s stock worth $104,224,000 after buying an additional 45,107 shares during the period. 87.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

SWK has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on shares of Stanley Black & Decker from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Monday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Jefferies Financial Group set a $86.00 target price on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research note on Monday, August 18th. Wall Street Zen cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Wolfe Research upgraded shares of Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, July 8th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and an average target price of $89.90.

Stanley Black & Decker Price Performance

SWK stock opened at $74.46 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $109.91. The firm’s fifty day moving average is $74.05 and its 200 day moving average is $69.36. The firm has a market cap of $11.53 billion, a P/E ratio of 23.64, a P/E/G ratio of 1.56 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 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 company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the firm earned $1.09 EPS. The firm’s quarterly 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. Research analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.82. Stanley Black & Decker’s payout ratio is presently 105.40%.

Stanley Black & Decker 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.