Citizens Financial Group Inc. RI Acquires Shares of 5,331 Stanley Black & Decker, Inc. $SWK

Citizens Financial Group Inc. RI bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the 2nd quarter, HoldingsChannel reports. The fund bought 5,331 shares of the industrial products company’s stock, valued at approximately $502,000.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Stanley Black & Decker in the second quarter valued at about $1,006,417,000. Pallas Capital Advisors LLC acquired a new stake in Stanley Black & Decker during the second quarter worth about $436,000. Deutsche Bank AG bought a new position in Stanley Black & Decker in the 2nd quarter valued at about $70,653,000. Trust Co. of Vermont bought a new stake in shares of Stanley Black & Decker during the 2nd quarter worth approximately $172,000. Finally, Principle Wealth Partners LLC acquired a new stake in shares of Stanley Black & Decker during the 2nd quarter worth approximately $561,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $99.84 on Thursday. The company’s 50 day moving average price is $92.42 and its two-hundred day moving average price is $82.94. The firm has a market capitalization of $15.08 billion, a P/E ratio of 24.35, a P/E/G ratio of 1.33 and a beta of 1.16. Stanley Black & Decker, Inc. has a fifty-two week low of $61.90 and a fifty-two week high of $104.68. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 0.55.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.36. The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.08 earnings per share. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, equities analysts forecast that Stanley Black & Decker, Inc. will post 5.53 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.84 per share. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.83. The ex-dividend date is Tuesday, September 8th. This represents a $3.36 dividend on an annualized basis and a yield of 3.4%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 80.98%.

Analyst Ratings Changes

SWK has been the subject of several research analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $93.00 price objective on shares of Stanley Black & Decker in a research report on Wednesday, July 29th. Wells Fargo & Company lifted their price target on Stanley Black & Decker from $80.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, June 18th. Weiss Ratings raised Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Wall Street Zen raised Stanley Black & Decker from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, Morgan Stanley set a $96.00 target price on Stanley Black & Decker in a research report on Monday, August 10th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $92.25.

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.