Janney Montgomery Scott LLC Acquires 7,241 Shares of Stanley Black & Decker, Inc. $SWK

Janney Montgomery Scott LLC boosted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.1% during the second quarter, HoldingsChannel reports. The fund owned 242,701 shares of the industrial products company’s stock after buying an additional 7,241 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Stanley Black & Decker were worth $16,443,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SWK. Wellington Management Group LLP raised its stake in Stanley Black & Decker by 14.0% in the 4th quarter. Wellington Management Group LLP now owns 9,673 shares of the industrial products company’s stock valued at $777,000 after acquiring an additional 1,188 shares during the period. GAMMA Investing LLC increased its position in shares of Stanley Black & Decker by 10,704.3% during the first quarter. GAMMA Investing LLC now owns 347,574 shares of the industrial products company’s stock valued at $26,721,000 after buying an additional 344,357 shares during the period. Rhumbline Advisers increased its position in shares of Stanley Black & Decker by 12.2% during the first quarter. Rhumbline Advisers now owns 330,014 shares of the industrial products company’s stock valued at $25,371,000 after buying an additional 35,978 shares during the period. Czech National Bank increased its position in shares of Stanley Black & Decker by 5.9% during the first quarter. Czech National Bank now owns 35,409 shares of the industrial products company’s stock valued at $2,722,000 after buying an additional 1,983 shares during the period. Finally, Naples Global Advisors LLC increased its position in shares of Stanley Black & Decker by 4.3% during the first quarter. Naples Global Advisors LLC now owns 11,191 shares of the industrial products company’s stock valued at $860,000 after buying an additional 463 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Up 0.5%

Shares of NYSE SWK opened at $74.02 on Friday. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. 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 $74.01 and its 200 day moving average is $69.60. The company has a market cap of $11.46 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 1.62 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.38 by $0.70. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.01 billion. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SWK. Wells Fargo & Company upped their price target on Stanley Black & Decker from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Robert W. Baird boosted their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Wolfe Research raised Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, July 8th. Barclays cut their target price 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. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. 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 MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and an average target price of $89.40.

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.