Redwood Investment Management LLC Acquires New Shares in Stanley Black & Decker, Inc. $SWK

Redwood Investment Management LLC bought a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,581 shares of the industrial products company’s stock, valued at approximately $996,000.

Several other hedge funds have also recently modified their holdings of the business. Capital Research Global Investors boosted its position in shares of Stanley Black & Decker by 0.7% during the fourth quarter. Capital Research Global Investors now owns 12,856,517 shares of the industrial products company’s stock valued at $954,991,000 after buying an additional 88,402 shares during the last quarter. BlackRock Inc. purchased a new position in Stanley Black & Decker in the 2nd quarter worth about $1,006,417,000. Price T Rowe Associates Inc. MD raised its position in Stanley Black & Decker by 1.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,898,190 shares of the industrial products company’s stock worth $735,239,000 after buying an additional 101,769 shares during the last quarter. State Street Corp lifted its stake in Stanley Black & Decker by 2.3% during the 2nd quarter. State Street Corp now owns 9,423,438 shares of the industrial products company’s stock valued at $638,438,000 after acquiring an additional 215,960 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of 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 valued at $353,618,000 after acquiring an additional 92,573 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Robert W. Baird set a $84.00 price objective on shares of Stanley Black & Decker in a report on Thursday, April 30th. Morgan Stanley set a $96.00 target price on shares of Stanley Black & Decker in a report on Monday, August 10th. Wall Street Zen raised shares of Stanley Black & Decker from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. The Goldman Sachs Group reissued a “neutral” rating and set a $93.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Finally, Wells Fargo & Company raised their price target on Stanley Black & Decker from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 18th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $92.25.

Stanley Black & Decker Price Performance

NYSE SWK opened at $99.31 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53. Stanley Black & Decker, Inc. has a 12 month low of $61.90 and a 12 month high of $104.68. The stock has a market cap of $15.00 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 1.34 and a beta of 1.16. The company’s 50 day moving average is $94.22 and its two-hundred day moving average is $83.62.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.36. The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The company’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 earnings per share. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, research analysts anticipate that Stanley Black & Decker, Inc. will post 5.57 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.36 annualized dividend and a yield of 3.4%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.83. Stanley Black & Decker’s payout ratio is currently 81.95%.

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.