Hsbc Holdings PLC Buys Shares of 208,172 Stanley Black & Decker, Inc. $SWK

Hsbc Holdings PLC bought a new position in Stanley Black & Decker, Inc. (NYSE:SWK) in the second quarter, Holdings Channel reports. The firm bought 208,172 shares of the industrial products company’s stock, valued at approximately $19,610,000.

Several other institutional investors have also added to or reduced their stakes in SWK. Chapman Financial Group LLC purchased a new position in shares of Stanley Black & Decker in the second quarter worth about $26,000. CYBER HORNET ETFs LLC bought a new position in Stanley Black & Decker in the 2nd quarter worth approximately $28,000. Kovack Advisors Inc. purchased a new position in Stanley Black & Decker in the 4th quarter valued at approximately $28,000. Motiv8 Investments LLC bought a new stake in Stanley Black & Decker during the 4th quarter valued at $31,000. Finally, Compass Financial Management LLC bought a new position in shares of Stanley Black & Decker in the second quarter worth $31,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

SWK opened at $99.31 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.43. The stock has a market capitalization of $15.00 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16. The stock’s 50 day moving average price is $94.22 and its 200-day moving average price is $83.62. Stanley Black & Decker, Inc. has a 52-week low of $61.90 and a 52-week high of $104.68.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.36. The company had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%.The firm’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 earnings per share. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, equities research analysts predict that Stanley Black & Decker, Inc. will post 5.57 EPS for the current year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 8th. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.83. Stanley Black & Decker’s payout ratio is presently 81.95%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a research note on Friday, May 1st. Citigroup boosted their price objective on Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Morgan Stanley set a $96.00 price objective on Stanley Black & Decker in a research note on Monday, August 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $93.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, July 29th. Finally, Wall Street Zen upgraded shares of Stanley Black & Decker from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and an average price target of $92.25.

Stanley Black & Decker Company 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.