Vest Financial LLC Sells 148,833 Shares of Stanley Black & Decker, Inc. $SWK

Vest Financial LLC lowered its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 16.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 754,330 shares of the industrial products company’s stock after selling 148,833 shares during the quarter. Vest Financial LLC owned approximately 0.49% of Stanley Black & Decker worth $56,069,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Stanley Black & Decker by 3.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,648 shares of the industrial products company’s stock valued at $1,203,000 after acquiring an additional 559 shares during the last quarter. Empowered Funds LLC grew its position in shares of Stanley Black & Decker by 8.2% during the first quarter. Empowered Funds LLC now owns 4,645 shares of the industrial products company’s stock valued at $357,000 after purchasing an additional 353 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Stanley Black & Decker by 18.8% in the first quarter. Focus Partners Wealth now owns 6,981 shares of the industrial products company’s stock worth $537,000 after buying an additional 1,105 shares in the last quarter. Parallel Advisors LLC boosted its stake in Stanley Black & Decker by 15.0% during the second quarter. Parallel Advisors LLC now owns 1,313 shares of the industrial products company’s stock valued at $89,000 after buying an additional 171 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Stanley Black & Decker during the second quarter valued at approximately $969,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SWK has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of Stanley Black & Decker from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th. Weiss Ratings restated a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. UBS Group dropped their price target on Stanley Black & Decker from $105.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Wall Street Zen downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Finally, Morgan Stanley set a $88.00 target price on Stanley Black & Decker in a report on Monday, December 22nd. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Stanley Black & Decker has a consensus rating of “Hold” and an average target price of $87.33.

Stanley Black & Decker Trading Down 4.6%

NYSE SWK opened at $80.73 on Wednesday. The stock’s 50-day moving average is $74.04 and its 200-day moving average is $72.84. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $91.06. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.11 and a quick ratio of 0.35. The firm has a market cap of $12.50 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.16 and a beta of 1.20.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, November 4th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.19 by $0.24. Stanley Black & Decker had a net margin of 2.89% and a return on equity of 8.10%. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the company posted $1.22 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.650 EPS. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, December 1st. Stanley Black & Decker’s dividend payout ratio is 114.88%.

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.