Fifth Third Bancorp Acquires 147,101 Shares of Stanley Black & Decker, Inc. $SWK

Fifth Third Bancorp raised its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1,894.2% in the first quarter, Holdings Channel.com reports. The firm owned 154,867 shares of the industrial products company’s stock after buying an additional 147,101 shares during the period. Fifth Third Bancorp’s holdings in Stanley Black & Decker were worth $11,005,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Stanley Black & Decker in the 4th quarter worth about $133,961,000. Ameriprise Financial Inc. increased its position in Stanley Black & Decker by 49.5% in the third quarter. Ameriprise Financial Inc. now owns 4,379,653 shares of the industrial products company’s stock worth $325,541,000 after buying an additional 1,450,170 shares during the last quarter. Freestone Grove Partners LP bought a new stake in Stanley Black & Decker in the 3rd quarter valued at about $95,602,000. Alyeska Investment Group L.P. raised its position in shares of Stanley Black & Decker by 5,996.4% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,191,540 shares of the industrial products company’s stock valued at $88,508,000 after purchasing an additional 1,171,995 shares during the period. Finally, Adage Capital Partners GP L.L.C. lifted its position in shares of Stanley Black & Decker by 698.8% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 765,835 shares of the industrial products company’s stock worth $56,886,000 after acquiring an additional 669,956 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 0.9%

NYSE:SWK opened at $87.28 on Wednesday. Stanley Black & Decker, Inc. has a 1-year low of $61.90 and a 1-year high of $95.16. The firm’s 50-day moving average price is $82.93 and its 200-day moving average price is $79.95. The company has a market capitalization of $13.57 billion, a PE ratio of 35.77, a P/E/G ratio of 1.21 and a beta of 1.16. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.14 and a quick ratio of 0.43.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, April 29th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.19. Stanley Black & Decker had a net margin of 2.44% and a return on equity of 7.95%. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the business earned $0.75 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, equities analysts predict that Stanley Black & Decker, Inc. will post 5.35 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Monday, June 8th were paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, June 8th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 136.07%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SWK. Wells Fargo & Company increased their price target on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, June 18th. Morgan Stanley dropped their price target on Stanley Black & Decker from $87.00 to $84.00 and set an “equal weight” rating for the company in a research note on Thursday, May 28th. Wall Street Zen raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Barclays reduced their price target on Stanley Black & Decker from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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.