Icon Advisers Inc. Co. Acquires 30,710 Shares of Stanley Black & Decker, Inc. $SWK

Icon Advisers Inc. Co. lifted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 90.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 64,550 shares of the industrial products company’s stock after acquiring an additional 30,710 shares during the period. Stanley Black & Decker comprises about 1.1% of Icon Advisers Inc. Co.’s holdings, making the stock its 24th biggest position. Icon Advisers Inc. Co.’s holdings in Stanley Black & Decker were worth $4,587,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. First Citizens Bank & Trust Co. bought a new position in Stanley Black & Decker in the first quarter valued at about $2,822,000. First Trust Advisors LP lifted its holdings in shares of Stanley Black & Decker by 7.8% in the first quarter. First Trust Advisors LP now owns 480,739 shares of the industrial products company’s stock worth $34,161,000 after acquiring an additional 34,871 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Stanley Black & Decker by 8.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 44,959 shares of the industrial products company’s stock valued at $3,195,000 after purchasing an additional 3,644 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Stanley Black & Decker by 1,587.3% during the 1st quarter. Meeder Asset Management Inc. now owns 1,991 shares of the industrial products company’s stock valued at $141,000 after purchasing an additional 1,873 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Stanley Black & Decker by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,976,851 shares of the industrial products company’s stock worth $353,618,000 after purchasing an additional 92,573 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $89.40 on Thursday. The business has a 50-day moving average price of $84.07 and a two-hundred day moving average price of $80.55. Stanley Black & Decker, Inc. has a 1-year low of $61.90 and a 1-year high of $95.16. The company has a current ratio of 1.14, a quick ratio of 0.43 and a debt-to-equity ratio of 0.52. The company has a market cap of $13.90 billion, a P/E ratio of 36.64, a PEG ratio of 1.23 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK) last announced 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 the consensus estimate of $3.75 billion. During the same period in the previous year, the business earned $0.75 EPS. The firm’s revenue 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 anticipate that Stanley Black & Decker, Inc. will post 5.35 EPS for the current year.

Stanley Black & Decker Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a research note on Friday, May 1st. Wells Fargo & Company lifted their price target 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. Robert W. Baird set a $84.00 price target on Stanley Black & Decker in a report on Thursday, April 30th. Barclays lowered their price objective on Stanley Black & Decker from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Finally, Wall Street Zen upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and an average 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.