Rempart Asset Management Inc. decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 35.5% during the 4th quarter, Holdings Channel reports. The fund owned 102,411 shares of the industrial products company’s stock after selling 56,243 shares during the quarter. Stanley Black & Decker accounts for about 1.4% of Rempart Asset Management Inc.’s investment portfolio, making the stock its 23rd biggest holding. Rempart Asset Management Inc.’s holdings in Stanley Black & Decker were worth $7,607,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the company. Capital Research Global Investors raised its holdings in Stanley Black & Decker by 0.9% in the third quarter. Capital Research Global Investors now owns 12,768,115 shares of the industrial products company’s stock worth $949,050,000 after purchasing an additional 116,302 shares during the period. State Street Corp grew its holdings in shares of Stanley Black & Decker by 2.3% in 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 buying an additional 215,960 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Stanley Black & Decker by 49.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,379,653 shares of the industrial products company’s stock valued at $325,541,000 after buying an additional 1,450,170 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Stanley Black & Decker by 11.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,329,175 shares of the industrial products company’s stock valued at $321,781,000 after buying an additional 452,398 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Stanley Black & Decker by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,199,427 shares of the industrial products company’s stock worth $237,813,000 after acquiring an additional 17,084 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.
Analysts Set New Price Targets
SWK has been the subject of a number of research analyst reports. Wall Street Zen raised Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Citigroup lifted their price objective on Stanley Black & Decker from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 6th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $84.00 price objective on shares of Stanley Black & Decker in a research report on Thursday, February 5th. Argus upgraded shares of Stanley Black & Decker to a “hold” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Stanley Black & Decker currently has an average rating of “Hold” and a consensus target price of $86.89.
Stanley Black & Decker Stock Performance
SWK opened at $71.85 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.14 and a quick ratio of 0.35. The company has a market capitalization of $11.16 billion, a price-to-earnings ratio of 27.11, a P/E/G ratio of 1.03 and a beta of 1.18. The business’s 50-day moving average price is $81.42 and its two-hundred day moving average price is $75.70. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $93.37.
Stanley Black & Decker (NYSE:SWK – Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.14. Stanley Black & Decker had a return on equity of 7.90% and a net margin of 2.66%.The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period last year, the company earned $1.49 earnings per share. Stanley Black & Decker’s quarterly revenue was down 1.0% on a year-over-year basis. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Equities analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.
Stanley Black & Decker Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, March 10th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 125.28%.
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.
Further Reading
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