Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 385,977 shares of the industrial products company's stock after purchasing an additional 9,540 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.25% of Stanley Black & Decker worth $42,508,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its holdings in shares of Stanley Black & Decker by 11.0% in the 1st quarter. Sei Investments Co. now owns 137,385 shares of the industrial products company's stock worth $13,454,000 after purchasing an additional 13,659 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Stanley Black & Decker by 60.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company's stock valued at $2,353,000 after acquiring an additional 11,151 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Stanley Black & Decker by 6.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 121,614 shares of the industrial products company's stock worth $11,920,000 after acquiring an additional 7,826 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Stanley Black & Decker by 196.9% during the 1st quarter. Russell Investments Group Ltd. now owns 106,499 shares of the industrial products company's stock valued at $10,429,000 after purchasing an additional 70,625 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Stanley Black & Decker by 12.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 77,305 shares of the industrial products company's stock worth $6,176,000 after purchasing an additional 8,805 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.
Analysts Set New Price Targets
SWK has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Barclays increased their target price on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 2nd. Wells Fargo & Company reduced their price target on Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an "underweight" rating in a research report on Monday, August 5th. Finally, Morgan Stanley dropped their price target on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $102.29.
View Our Latest Stock Analysis on Stanley Black & Decker
Stanley Black & Decker Stock Performance
Stanley Black & Decker stock traded down $0.37 during mid-day trading on Friday, hitting $85.45. The company had a trading volume of 1,524,996 shares, compared to its average volume of 1,446,237. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of -62.37, a P/E/G ratio of 2.32 and a beta of 1.25. The company's fifty day moving average is $101.22 and its 200-day moving average is $93.78. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88.
Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.17. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The company's revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 EPS. Equities research analysts predict that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.
Stanley Black & Decker Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.84%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker's payout ratio is -239.42%.
About Stanley Black & Decker
(
Free Report)
Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.
Read More
Before you consider Stanley Black & Decker, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stanley Black & Decker wasn't on the list.
While Stanley Black & Decker currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
