Wealth Enhancement Advisory Services LLC Lowers Stake in Stanley Black & Decker, Inc. $SWK

Wealth Enhancement Advisory Services LLC trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 10.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,796 shares of the industrial products company’s stock after selling 9,685 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Stanley Black & Decker were worth $5,913,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Tred Avon Family Wealth LLC purchased a new position in Stanley Black & Decker in the third quarter valued at approximately $939,000. Massachusetts Financial Services Co. MA increased its position in shares of Stanley Black & Decker by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,199,427 shares of the industrial products company’s stock worth $237,813,000 after acquiring an additional 17,084 shares in the last quarter. Maryland State Retirement & Pension System raised its stake in shares of Stanley Black & Decker by 14.5% in the 3rd quarter. Maryland State Retirement & Pension System now owns 8,223 shares of the industrial products company’s stock valued at $611,000 after acquiring an additional 1,040 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Stanley Black & Decker by 8.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,179 shares of the industrial products company’s stock valued at $1,054,000 after acquiring an additional 1,125 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in Stanley Black & Decker by 14.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 5,224 shares of the industrial products company’s stock worth $388,000 after purchasing an additional 656 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SWK. Morgan Stanley set a $88.00 price objective on Stanley Black & Decker in a research note on Monday, December 22nd. UBS Group reduced their price target on Stanley Black & Decker from $105.00 to $98.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Weiss Ratings restated a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday. Robert W. Baird lifted their price objective on shares of Stanley Black & Decker from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, December 23rd. 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 research note on Wednesday, January 14th. 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 has a consensus rating of “Hold” and an average price target of $87.33.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $82.45 on Monday. The firm has a market cap of $12.77 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 1.13 and a beta of 1.20. The company has a quick ratio of 0.35, a current ratio of 1.11 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $75.01 and its two-hundred day moving average is $73.09. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $91.06.

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

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Monday, December 1st. Stanley Black & Decker’s dividend payout ratio is 114.88%.

About Stanley Black & Decker

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.