Stanley Black & Decker, Inc. $SWK Holdings Cut by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 6.9% in the 2nd quarter, Holdings Channel reports. The firm owned 345,744 shares of the industrial products company’s stock after selling 25,507 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Stanley Black & Decker were worth $32,541,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Compass Financial Management LLC bought a new stake in shares of Stanley Black & Decker in the 2nd quarter worth approximately $31,000. Cape Investment Advisory Inc. bought a new position in Stanley Black & Decker during the 2nd quarter worth $35,000. Continuum Advisory LLC bought a new position in Stanley Black & Decker during the 2nd quarter worth $36,000. Chapman Financial Group LLC acquired a new stake in Stanley Black & Decker in the second quarter worth $26,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Stanley Black & Decker in the second quarter valued at $28,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Trading Down 0.1%

NYSE:SWK opened at $89.11 on Friday. Stanley Black & Decker, Inc. has a 1 year low of $61.90 and a 1 year high of $104.68. The stock has a market cap of $13.46 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.37 and a beta of 1.17. The business has a fifty day moving average of $95.16 and a 200-day moving average of $83.98. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.43.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data 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. The business had revenue of $3.96 billion for 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 was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 earnings per share. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Equities analysts predict that Stanley Black & Decker, Inc. will post 5.57 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.84 per share. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.83. The ex-dividend date is Tuesday, September 8th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.8%. Stanley Black & Decker’s payout ratio is presently 81.95%.

Analyst Ratings Changes

SWK has been the subject of several analyst reports. Morgan Stanley set a $96.00 price target on shares of Stanley Black & Decker in a report on Monday, August 10th. 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. The Goldman Sachs Group reissued a “neutral” rating and set a $93.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, July 29th. Wells Fargo & Company upped their target price on shares of Stanley Black & Decker from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Wall Street Zen upgraded shares of Stanley Black & Decker from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 6th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $92.88.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc is a global manufacturer of tools, outdoor products and related storage solutions. The company serves professional contractors, industrial users and consumers with power tools, hand tools, accessories, tool storage systems and outdoor equipment.

Its portfolio includes well-known brands such as DEWALT, CRAFTSMAN, STANLEY and BLACK+DECKER. Products are sold through retailers, distributors and direct commercial channels, supporting construction, manufacturing, maintenance, do-it-yourself and outdoor applications.

The company was formed in 2010 through the merger of The Stanley Works and The Black & Decker Corporation, combining businesses with roots dating to the 19th century.