Oppenheimer Asset Management Inc. Takes Position in Stanley Black & Decker, Inc. $SWK

Oppenheimer Asset Management Inc. acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 70,516 shares of the industrial products company’s stock, valued at approximately $6,637,000.

Several other hedge funds have also recently added to or reduced their stakes in SWK. Cape Investment Advisory Inc. purchased a new stake in shares of Stanley Black & Decker in the 2nd quarter valued at approximately $35,000. Chapman Financial Group LLC purchased a new stake in shares of Stanley Black & Decker during the 2nd quarter worth $26,000. CYBER HORNET ETFs LLC acquired a new position in shares of Stanley Black & Decker during the second quarter worth $28,000. Motiv8 Investments LLC acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth $31,000. Finally, MUFG Securities EMEA plc purchased a new position in Stanley Black & Decker in the second quarter valued at $31,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

SWK has been the subject of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $93.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Wells Fargo & Company increased their price objective on Stanley Black & Decker from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, June 18th. Citigroup raised their target price on Stanley Black & Decker from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Morgan Stanley set a $96.00 target price on Stanley Black & Decker in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a research note on Friday, May 1st. Four investment 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $91.56.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $101.95 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. Stanley Black & Decker, Inc. has a 1 year low of $61.90 and a 1 year high of $104.68. The company has a market capitalization of $15.40 billion, a PE ratio of 24.87, a P/E/G ratio of 1.38 and a beta of 1.16. The company has a fifty day moving average of $91.20 and a two-hundred day moving average of $82.52.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.36. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%.The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, analysts expect that Stanley Black & Decker, Inc. will post 5.53 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be paid a dividend of $0.84 per share. The ex-dividend date is Tuesday, September 8th. This represents a $3.36 dividend on an annualized basis and a yield of 3.3%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.83. Stanley Black & Decker’s dividend payout ratio (DPR) is 81.95%.

Stanley Black & Decker Company 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.