Wellington Management Group LLP Sells 89,279 Shares of Stanley Black & Decker, Inc. $SWK

Wellington Management Group LLP lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 21.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 320,048 shares of the industrial products company’s stock after selling 89,279 shares during the period. Wellington Management Group LLP owned approximately 0.21% of Stanley Black & Decker worth $30,123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SWK. Capital Research Global Investors boosted its position in shares of Stanley Black & Decker by 0.7% in the 4th quarter. Capital Research Global Investors now owns 12,856,517 shares of the industrial products company’s stock worth $954,991,000 after purchasing an additional 88,402 shares in the last quarter. BlackRock Inc. acquired a new position in Stanley Black & Decker during the 2nd quarter valued at about $1,006,417,000. Price T Rowe Associates Inc. MD raised its stake in Stanley Black & Decker by 1.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,898,190 shares of the industrial products company’s stock valued at $735,239,000 after buying an additional 101,769 shares during the last quarter. State Street Corp boosted its holdings in Stanley Black & Decker by 2.3% in the second quarter. State Street Corp now owns 9,423,438 shares of the industrial products company’s stock worth $638,438,000 after acquiring an additional 215,960 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Stanley Black & Decker by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,976,851 shares of the industrial products company’s stock worth $353,618,000 after acquiring an additional 92,573 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 0.8%

SWK stock opened at $97.24 on Friday. The company has a market capitalization of $14.69 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 1.48 and a beta of 1.17. Stanley Black & Decker, Inc. has a 12 month low of $61.90 and a 12 month high of $104.68. The firm’s fifty day simple moving average is $95.20 and its 200-day simple moving average is $83.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 0.55.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.36. The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 earnings per share. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 3.5%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, September 8th. Stanley Black & Decker’s dividend payout ratio is 80.98%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Morgan Stanley set a $96.00 target price on shares of Stanley Black & Decker in a research report on Monday, August 10th. Citigroup lifted their price objective on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Wells Fargo & Company upped their target price on Stanley Black & Decker from $80.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, June 18th. Wall Street Zen lowered Stanley Black & Decker from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $93.00 price target on shares of Stanley Black & Decker in a research report on Wednesday, July 29th. Three equities research 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, Stanley Black & Decker has an average rating of “Hold” and a consensus price target of $92.25.

Stanley Black & Decker Profile

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.