Concurrent Investment Advisors LLC Acquires Shares of 10,128 Stanley Black & Decker, Inc. $SWK

Concurrent Investment Advisors LLC bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,128 shares of the industrial products company’s stock, valued at approximately $753,000.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Stanley Black & Decker by 3.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,648 shares of the industrial products company’s stock worth $1,203,000 after acquiring an additional 559 shares during the period. Empowered Funds LLC boosted its position in Stanley Black & Decker by 8.2% during the first quarter. Empowered Funds LLC now owns 4,645 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 353 shares in the last quarter. Focus Partners Wealth grew its holdings in Stanley Black & Decker by 18.8% in the first 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. Parallel Advisors LLC increased its position in shares of Stanley Black & Decker by 15.0% in the second quarter. Parallel Advisors LLC now owns 1,313 shares of the industrial products company’s stock valued at $89,000 after buying an additional 171 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Stanley Black & Decker during the 2nd quarter worth approximately $969,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SWK. UBS Group decreased their price target on shares of Stanley Black & Decker from $105.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Robert W. Baird raised their target price on Stanley Black & Decker from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, December 23rd. Wells Fargo & Company boosted their price target on Stanley Black & Decker from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Wall Street Zen lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. Five 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $87.33.

Stanley Black & Decker Stock Up 0.2%

Shares of NYSE SWK opened at $84.57 on Monday. The company has a quick ratio of 0.35, a current ratio of 1.11 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $73.44 and its two-hundred day moving average is $72.68. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $91.06. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 1.16 and a beta of 1.20.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.24. Stanley Black & Decker had a return on equity of 8.10% and a net margin of 2.89%.The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the firm earned $1.22 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.650 EPS. Research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 1st were given a $0.83 dividend. The ex-dividend date was Monday, December 1st. This represents a $3.32 annualized dividend and a yield of 3.9%. Stanley Black & Decker’s dividend payout ratio is 114.88%.

Stanley Black & Decker Profile

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.