Victory Capital Management Inc. Sells 91,660 Shares of Stanley Black & Decker, Inc. $SWK

Victory Capital Management Inc. cut its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 40.3% during the third quarter, Holdings Channel.com reports. The fund owned 136,053 shares of the industrial products company’s stock after selling 91,660 shares during the period. Victory Capital Management Inc.’s holdings in Stanley Black & Decker were worth $10,113,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Stanley Black & Decker by 3.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,648 shares of the industrial products company’s stock worth $1,203,000 after purchasing an additional 559 shares during the period. Empowered Funds LLC boosted its position in shares of Stanley Black & Decker by 8.2% during the first quarter. Empowered Funds LLC now owns 4,645 shares of the industrial products company’s stock worth $357,000 after acquiring an additional 353 shares during the last quarter. Focus Partners Wealth grew its stake in Stanley Black & Decker by 18.8% during the first quarter. Focus Partners Wealth now owns 6,981 shares of the industrial products company’s stock valued at $537,000 after acquiring an additional 1,105 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Stanley Black & Decker by 3.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 87,836 shares of the industrial products company’s stock worth $5,951,000 after purchasing an additional 2,767 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Stanley Black & Decker by 63.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 594 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 231 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Morgan Stanley lifted their target price on Stanley Black & Decker from $80.00 to $87.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Robert W. Baird raised their price target on Stanley Black & Decker from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, December 23rd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $84.00 price objective on shares of Stanley Black & Decker in a report on Thursday, February 5th. Argus raised shares of Stanley Black & Decker to a “hold” rating in a report on Tuesday, February 10th. Finally, Citigroup upped their price target on shares of Stanley Black & Decker from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $86.89.

Stanley Black & Decker Price Performance

NYSE:SWK opened at $73.73 on Thursday. The firm has a market capitalization of $11.45 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 1.06 and a beta of 1.18. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.14 and a quick ratio of 0.35. The business has a 50 day simple moving average of $83.37 and a 200-day simple moving average of $76.03. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $93.37.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.14. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.78 billion. Stanley Black & Decker had a return on equity of 7.90% and a net margin of 2.66%.Stanley Black & Decker’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.49 EPS. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Equities analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.5%. Stanley Black & Decker’s payout ratio is currently 125.28%.

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.