Mirae Asset Global Investments Co. Ltd. Buys 7,061 Shares of Stanley Black & Decker, Inc. $SWK

Mirae Asset Global Investments Co. Ltd. raised its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 15.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,630 shares of the industrial products company’s stock after acquiring an additional 7,061 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Stanley Black & Decker were worth $5,048,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SWK. Cardinal Point Capital Management ULC grew its holdings in shares of Stanley Black & Decker by 2.7% in the 4th quarter. Cardinal Point Capital Management ULC now owns 4,800 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 125 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Stanley Black & Decker by 2.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,606 shares of the industrial products company’s stock valued at $342,000 after purchasing an additional 126 shares during the last quarter. Boothbay Fund Management LLC boosted its position in Stanley Black & Decker by 4.0% in the fourth quarter. Boothbay Fund Management LLC now owns 3,471 shares of the industrial products company’s stock valued at $258,000 after buying an additional 132 shares in the last quarter. Bessemer Group Inc. grew its stake in Stanley Black & Decker by 1.5% during the first quarter. Bessemer Group Inc. now owns 9,223 shares of the industrial products company’s stock worth $654,000 after buying an additional 134 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Stanley Black & Decker by 19.9% during the first quarter. Assetmark Inc. now owns 880 shares of the industrial products company’s stock worth $63,000 after buying an additional 146 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Price Performance

SWK opened at $102.20 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 0.55. The stock has a market capitalization of $15.43 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 1.39 and a beta of 1.16. The company’s 50 day simple moving average is $90.73 and its 200-day simple moving average is $82.39. Stanley Black & Decker, Inc. has a one year low of $61.90 and a one year high of $104.68.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate 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%. Stanley Black & Decker’s revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 EPS. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.53 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 3.3%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, September 8th. Stanley Black & Decker’s payout ratio is currently 80.98%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SWK. Weiss Ratings raised Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. JPMorgan Chase & Co. lifted their price objective on Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a research report on Friday, May 1st. Robert W. Baird set a $84.00 price objective on Stanley Black & Decker in a research note on Thursday, April 30th. Wells Fargo & Company increased their target price on Stanley Black & Decker from $80.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, June 18th. Finally, Morgan Stanley set a $96.00 price target on Stanley Black & Decker in a report on Monday. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Stanley Black & Decker has an average rating of “Hold” and an average target price of $91.56.

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.