Paralel Advisors LLC Takes Position in Stanley Black & Decker, Inc. $SWK

Paralel Advisors LLC acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWKFree Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 530,000 shares of the industrial products company’s stock, valued at approximately $49,884,000. Stanley Black & Decker accounts for about 1.9% of Paralel Advisors LLC’s portfolio, making the stock its 12th largest holding. Paralel Advisors LLC owned approximately 0.35% of Stanley Black & Decker as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Stanley Black & Decker by 3.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,648 shares of the industrial products company’s stock worth $1,203,000 after purchasing an additional 559 shares during the period. Empowered Funds LLC grew its stake in shares of Stanley Black & Decker by 8.2% in the 1st 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 during the period. Focus Partners Wealth raised its holdings in shares of Stanley Black & Decker by 18.8% in the 1st 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. CW Advisors LLC bought a new position in shares of Stanley Black & Decker during the 2nd quarter worth approximately $249,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Stanley Black & Decker by 53.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 989 shares of the industrial products company’s stock valued at $67,000 after buying an additional 345 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $98.83 on Friday. The business’s fifty day moving average is $92.73 and its two-hundred day moving average is $83.08. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.43. The firm has a market cap of $14.93 billion, a P/E ratio of 24.10, a P/E/G ratio of 1.34 and a beta of 1.16. Stanley Black & Decker, Inc. has a 52 week low of $61.90 and a 52 week high of $104.68.

Stanley Black & Decker (NYSE:SWKGet Free Report) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.36. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%.The company had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the company posted $1.08 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.58 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 22nd. Shareholders of record on Tuesday, September 8th will be given a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, September 8th. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.83. Stanley Black & Decker’s dividend payout ratio is 80.98%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Morgan Stanley set a $96.00 price objective on Stanley Black & Decker in a research note on Monday, August 10th. Citigroup upped their target price on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Weiss Ratings upgraded shares of Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Wells Fargo & Company lifted their price target on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, June 18th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $93.00 price objective on shares of Stanley Black & Decker in a research note 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 data from MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and an average price target of $92.25.

Check Out Our Latest Report on Stanley Black & Decker

Stanley Black & Decker News Summary

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Stanley Black & Decker Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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