39,718 Shares in Stanley Black & Decker, Inc. $SWK Acquired by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. bought a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the first quarter, Holdings Channel.com reports. The fund bought 39,718 shares of the industrial products company’s stock, valued at approximately $2,822,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Douglas Lane & Associates LLC raised its holdings in Stanley Black & Decker by 47.4% during the fourth quarter. Douglas Lane & Associates LLC now owns 106,850 shares of the industrial products company’s stock worth $7,937,000 after buying an additional 34,365 shares during the last quarter. Polianta Ltd acquired a new stake in shares of Stanley Black & Decker in the 4th quarter worth about $1,611,000. New York Life Investment Management LLC boosted its stake in Stanley Black & Decker by 67.5% during the 4th quarter. New York Life Investment Management LLC now owns 34,766 shares of the industrial products company’s stock valued at $2,582,000 after purchasing an additional 14,005 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Stanley Black & Decker by 1,282.2% in the fourth quarter. SG Americas Securities LLC now owns 72,098 shares of the industrial products company’s stock worth $5,355,000 after purchasing an additional 66,882 shares during the last quarter. Finally, LBP AM SA bought a new stake in Stanley Black & Decker during the fourth quarter worth $2,377,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Trading Up 1.4%

NYSE:SWK opened at $89.40 on Thursday. Stanley Black & Decker, Inc. has a 1 year low of $61.90 and a 1 year high of $95.16. The stock’s fifty day moving average price is $84.07 and its two-hundred day moving average price is $80.55. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.14 and a quick ratio of 0.43. The company has a market cap of $13.90 billion, a P/E ratio of 36.64, a P/E/G ratio of 1.23 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.19. Stanley Black & Decker had a return on equity of 7.95% and a net margin of 2.44%.The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, analysts expect that Stanley Black & Decker, Inc. will post 5.35 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Monday, June 8th were paid a $0.83 dividend. The ex-dividend date was Monday, June 8th. This represents a $3.32 annualized dividend and a yield of 3.7%. Stanley Black & Decker’s dividend payout ratio is currently 136.07%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SWK. Robert W. Baird set a $84.00 price objective on Stanley Black & Decker in a research note on Thursday, April 30th. Wall Street Zen upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Wells Fargo & Company upped their price objective on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Friday, July 17th. Finally, Morgan Stanley cut their price objective on Stanley Black & Decker from $87.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 28th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and a consensus target price of $88.44.

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.