Godsey & Gibb Inc. Purchases 14,460 Shares of Stanley Black & Decker, Inc. $SWK

Godsey & Gibb Inc. boosted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 8.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 185,340 shares of the industrial products company’s stock after acquiring an additional 14,460 shares during the period. Godsey & Gibb Inc.’s holdings in Stanley Black & Decker were worth $12,557,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. grew its stake in Stanley Black & Decker by 3.8% during the 1st quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company’s stock valued at $345,000 after purchasing an additional 165 shares during the last quarter. Parallel Advisors LLC grew its stake in Stanley Black & Decker by 15.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,313 shares of the industrial products company’s stock valued at $89,000 after purchasing an additional 171 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC grew its stake in Stanley Black & Decker by 0.7% during the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company’s stock valued at $1,911,000 after purchasing an additional 174 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Stanley Black & Decker by 8.8% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company’s stock valued at $166,000 after buying an additional 174 shares during the period. Finally, RB Capital Management LLC lifted its holdings in shares of Stanley Black & Decker by 1.8% in the 1st quarter. RB Capital Management LLC now owns 9,937 shares of the industrial products company’s stock valued at $764,000 after buying an additional 175 shares during the period. 87.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on SWK. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $80.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Wells Fargo & Company upped their price target on Stanley Black & Decker from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Monday. Wolfe Research upgraded Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 8th. Wall Street Zen cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and an average price target of $89.90.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $74.46 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $74.05 and its two-hundred day moving average is $69.36. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $109.91. The stock has a market capitalization of $11.53 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 1.56 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The company’s quarterly revenue was down 6.2% on a year-over-year basis. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Research analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.82. Stanley Black & Decker’s payout ratio is currently 105.40%.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.