Assenagon Asset Management S.A. Buys Shares of 29,550 Stanley Black & Decker, Inc. $SWK

Assenagon Asset Management S.A. purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 29,550 shares of the industrial products company’s stock, valued at approximately $2,195,000.

Other large investors have also made changes to their positions in the company. GoalVest Advisory LLC bought a new stake in Stanley Black & Decker during the fourth quarter worth $26,000. Chapman Financial Group LLC bought a new position in shares of Stanley Black & Decker in the 2nd quarter valued at $26,000. Hanson & Doremus Investment Management bought a new position in shares of Stanley Black & Decker in the 3rd quarter valued at $30,000. CYBER HORNET ETFs LLC acquired a new position in shares of Stanley Black & Decker during the 2nd quarter worth $28,000. Finally, Sentry Investment Management LLC bought a new stake in shares of Stanley Black & Decker during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SWK shares. Citigroup raised their price objective on Stanley Black & Decker from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Morgan Stanley increased their target price on shares of Stanley Black & Decker from $80.00 to $87.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Robert W. Baird raised their price target on shares of Stanley Black & Decker from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, December 23rd. 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 report on Monday, January 5th. Finally, Wall Street Zen downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $86.89.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $67.45 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $10.47 billion, a PE ratio of 25.45, a P/E/G ratio of 0.99 and a beta of 1.18. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $93.37. The stock has a 50-day moving average price of $80.48 and a two-hundred day moving average price of $75.50.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.14. Stanley Black & Decker had a return on equity of 7.90% and a net margin of 2.66%.The company had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the previous year, the business posted $1.49 earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, March 10th. Stanley Black & Decker’s payout ratio is presently 125.28%.

About Stanley Black & Decker

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.