Stanley Black & Decker, Inc. $SWK Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 42.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 73,497 shares of the industrial products company’s stock after selling 55,226 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Stanley Black & Decker were worth $5,463,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SWK. Vest Financial LLC grew its holdings in shares of Stanley Black & Decker by 46.4% in the second quarter. Vest Financial LLC now owns 903,163 shares of the industrial products company’s stock valued at $61,189,000 after purchasing an additional 286,331 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Stanley Black & Decker by 773.1% in the second quarter. Baird Financial Group Inc. now owns 53,278 shares of the industrial products company’s stock worth $3,610,000 after acquiring an additional 47,176 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Stanley Black & Decker by 38.8% during the second quarter. ProShare Advisors LLC now owns 2,723,331 shares of the industrial products company’s stock worth $184,506,000 after acquiring an additional 761,191 shares during the period. Godsey & Gibb Inc. raised its stake in shares of Stanley Black & Decker by 14.6% in the third quarter. Godsey & Gibb Inc. now owns 212,480 shares of the industrial products company’s stock valued at $15,794,000 after acquiring an additional 27,140 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in Stanley Black & Decker by 48.1% during the 2nd quarter. Osaic Holdings Inc. now owns 44,816 shares of the industrial products company’s stock worth $3,038,000 after purchasing an additional 14,550 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Robert W. Baird increased their price target on Stanley Black & Decker from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, December 23rd. Morgan Stanley set a $88.00 target price on Stanley Black & Decker in a research report on Monday, December 22nd. Wall Street Zen lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. Finally, Wells Fargo & Company upped their target price on shares of Stanley Black & Decker from $75.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $87.33.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $84.57 on Friday. The stock has a fifty day moving average price of $73.44 and a 200 day moving average price of $72.67. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $91.06. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.11 and a quick ratio of 0.35. The company has a market cap of $13.10 billion, a PE ratio of 29.26, a P/E/G ratio of 1.16 and a beta of 1.20.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.24. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.77 billion. Stanley Black & Decker had a net margin of 2.89% and a return on equity of 8.10%. Stanley Black & Decker’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.22 EPS. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.650 EPS. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st were paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, December 1st. Stanley Black & Decker’s dividend payout ratio is 114.88%.

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.