22,733 Shares in Stanley Black & Decker, Inc. $SWK Bought by Peak Asset Management LLC

Peak Asset Management LLC acquired a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,733 shares of the industrial products company’s stock, valued at approximately $2,140,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. bought a new stake in Stanley Black & Decker during the second quarter worth about $1,006,417,000. Norges Bank purchased a new position in shares of Stanley Black & Decker during the fourth quarter valued at approximately $133,961,000. Confluence Investment Management LLC bought a new stake in shares of Stanley Black & Decker in the 2nd quarter worth approximately $126,909,000. Bank of New York Mellon Corp purchased a new stake in shares of Stanley Black & Decker in the 2nd quarter worth approximately $123,843,000. Finally, Freestone Grove Partners LP bought a new position in Stanley Black & Decker during the 3rd quarter valued at approximately $95,602,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Down 1.5%

SWK opened at $98.57 on Tuesday. The stock has a market capitalization of $14.89 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 1.34 and a beta of 1.16. The firm has a 50 day moving average price of $93.34 and a 200-day moving average price of $83.35. Stanley Black & Decker, Inc. has a twelve month low of $61.90 and a twelve month high of $104.68. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.53.

Stanley Black & Decker (NYSE:SWK) last posted its 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. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The firm’s revenue was up .4% on a year-over-year basis. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.57 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be issued a $0.84 dividend. 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. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.4%. Stanley Black & Decker’s payout ratio is 81.95%.

Analysts Set New Price Targets

SWK has been the topic of a number of recent research reports. Weiss Ratings raised Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Wall Street Zen raised shares of Stanley Black & Decker from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Citigroup lifted their target price on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Robert W. Baird set a $84.00 price objective on Stanley Black & Decker in a research report on Thursday, April 30th. Finally, Wells Fargo & Company lifted their target price on Stanley Black & Decker from $80.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, June 18th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $92.25.

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.