48,090 Shares in Stanley Black & Decker, Inc. $SWK Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 48,090 shares of the industrial products company’s stock, valued at approximately $4,526,000.

Other hedge funds also recently added to or reduced their stakes in the company. Capital Research Global Investors increased its holdings in shares of Stanley Black & Decker by 0.7% in the 4th quarter. Capital Research Global Investors now owns 12,856,517 shares of the industrial products company’s stock worth $954,991,000 after purchasing an additional 88,402 shares in the last quarter. BlackRock Inc. bought a new stake 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 grew its position in Stanley Black & Decker by 1.9% in 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 during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Up 2.5%

Stanley Black & Decker stock opened at $96.84 on Thursday. 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 firm has a market capitalization of $14.62 billion, a price-to-earnings ratio of 23.62, a P/E/G ratio of 1.45 and a beta of 1.17. The firm has a 50 day moving average of $95.01 and a 200 day moving average of $83.79.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.36. The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the company 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 predict that Stanley Black & Decker, Inc. will post 5.57 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.84 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.83. This represents a $3.36 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 8th. Stanley Black & Decker’s payout ratio is 80.98%.

Wall Street Analysts Forecast Growth

SWK has been the topic of several research reports. Weiss Ratings raised Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Morgan Stanley set a $96.00 price objective on shares of Stanley Black & Decker in a report on Monday, August 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $93.00 target price on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Wall Street Zen downgraded shares of Stanley Black & Decker from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. Finally, Citigroup boosted their price objective on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $92.25.

Stanley Black & Decker Profile

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.