Stanley Black & Decker, Inc. $SWK Shares Sold by Ransom Advisory Ltd

Ransom Advisory Ltd lessened its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 7.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,500 shares of the industrial products company’s stock after selling 200 shares during the period. Ransom Advisory Ltd’s holdings in Stanley Black & Decker were worth $169,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Golden State Wealth Management LLC increased its stake in shares of Stanley Black & Decker by 1,138.5% in the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 296 shares in the last quarter. 1248 Management LLC purchased a new position in shares of Stanley Black & Decker in the 1st quarter valued at about $26,000. Hanson & Doremus Investment Management purchased a new position in shares of Stanley Black & Decker in the 1st quarter valued at about $31,000. TD Private Client Wealth LLC increased its stake in shares of Stanley Black & Decker by 830.4% in the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 382 shares in the last quarter. Finally, Garde Capital Inc. increased its stake in shares of Stanley Black & Decker by 160.5% in the 2nd quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 321 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SWK shares. Barclays cut their price target on Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. The Goldman Sachs Group restated a “neutral” rating and issued a $80.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Robert W. Baird boosted their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Jefferies Financial Group set a $86.00 price objective on Stanley Black & Decker and gave the stock a “buy” rating in a research note on Monday, August 18th. Finally, Wall Street Zen lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $89.40.

Stanley Black & Decker Price Performance

NYSE:SWK opened at $77.59 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average of $72.86 and a two-hundred day moving average of $70.18. The firm has a market cap of $12.01 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 1.71 and a beta of 1.16. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the firm earned $1.09 earnings per share. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. On average, analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.83 per share. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a yield of 4.3%. Stanley Black & Decker’s dividend payout ratio (DPR) is 105.40%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.