Hardman Johnston Global Advisors LLC Sells 700 Shares of Stanley Black & Decker, Inc. $SWK

Hardman Johnston Global Advisors LLC decreased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.5% in the 2nd quarter, Holdings Channel reports. The fund owned 133,533 shares of the industrial products company’s stock after selling 700 shares during the quarter. Hardman Johnston Global Advisors LLC’s holdings in Stanley Black & Decker were worth $9,047,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC lifted its holdings in shares of Stanley Black & Decker by 1,138.5% in the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 296 shares in the last quarter. 1248 Management LLC acquired a new stake in Stanley Black & Decker in the 1st quarter valued at approximately $26,000. Hanson & Doremus Investment Management acquired a new stake in Stanley Black & Decker in the 1st quarter valued at approximately $31,000. TD Private Client Wealth LLC grew its stake in shares of Stanley Black & Decker by 830.4% during the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 382 shares in the last quarter. Finally, Garde Capital Inc. grew its stake in shares of Stanley Black & Decker by 160.5% during the 2nd quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 321 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SWK shares. Barclays reduced their target price on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Jefferies Financial Group set a $86.00 price target on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research report on Monday, August 18th. Wolfe Research raised Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 8th. Robert W. Baird lifted their target price on Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Wells Fargo & Company raised their price target on Stanley Black & Decker from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Five equities 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.com, the stock currently has an average rating of “Hold” and a consensus target price of $89.40.

Stanley Black & Decker Stock Up 0.5%

Stanley Black & Decker stock opened at $74.02 on Friday. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $109.91. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The firm has a market capitalization of $11.46 billion, a PE ratio of 23.50, a P/E/G ratio of 1.62 and a beta of 1.19. The company’s 50-day moving average is $74.01 and its 200-day moving average is $69.60.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.70. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the company posted $1.09 earnings per share. Stanley Black & Decker’s quarterly revenue was down 6.2% on a year-over-year basis. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.83 dividend. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.82. This represents a $3.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Tuesday, September 2nd. Stanley Black & Decker’s dividend payout ratio is presently 105.40%.

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.