Confluence Wealth Services Inc. Purchases Shares of 8,783 Stanley Black & Decker, Inc. $SWK

Confluence Wealth Services Inc. purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 8,783 shares of the industrial products company’s stock, valued at approximately $827,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chapman Financial Group LLC bought a new stake in shares of Stanley Black & Decker during the second quarter valued at approximately $26,000. CYBER HORNET ETFs LLC bought a new position in Stanley Black & Decker during the 2nd quarter valued at about $28,000. Motiv8 Investments LLC acquired a new position in shares of Stanley Black & Decker in the 4th quarter worth approximately $31,000. MUFG Securities EMEA plc bought a new stake in shares of Stanley Black & Decker during the second quarter worth $31,000. Finally, Parkside Financial Bank & Trust lifted its position in Stanley Black & Decker by 96.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 466 shares of the industrial products company’s stock worth $35,000 after buying an additional 229 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on SWK. Morgan Stanley set a $96.00 price objective on shares of Stanley Black & Decker in a research report on Monday. Wall Street Zen raised shares of Stanley Black & Decker from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. The Goldman Sachs Group restated a “neutral” rating and issued a $93.00 price objective on shares of Stanley Black & Decker in a research report on Wednesday, July 29th. Weiss Ratings raised Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Finally, Wells Fargo & Company lifted their target price on Stanley Black & Decker from $80.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, June 18th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $91.56.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock opened at $102.20 on Friday. The company has a market cap of $15.43 billion, a PE ratio of 24.93, a PEG ratio of 1.39 and a beta of 1.16. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53. Stanley Black & Decker, Inc. has a 1 year low of $61.90 and a 1 year high of $104.68. The company’s 50-day moving average is $90.73 and its two-hundred day moving average is $82.39.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.57 EPS for the quarter, topping the consensus estimate 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 company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the company earned $1.08 EPS. Stanley Black & Decker’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 analysts anticipate that Stanley Black & Decker, Inc. will post 5.53 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, September 8th. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.83. Stanley Black & Decker’s dividend payout ratio is presently 80.98%.

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.