1,767,722 Shares in Stanley Black & Decker, Inc. $SWK Bought by Nykredit A S

Nykredit A S purchased a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 1,767,722 shares of the industrial products company’s stock, valued at approximately $166,378,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SWK. Cardinal Point Capital Management ULC lifted its position in shares of Stanley Black & Decker by 2.7% during 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. grew its holdings in Stanley Black & Decker by 2.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,606 shares of the industrial products company’s stock valued at $342,000 after buying an additional 126 shares during the last quarter. Boothbay Fund Management LLC increased its position in Stanley Black & Decker by 4.0% in the 4th quarter. Boothbay Fund Management LLC now owns 3,471 shares of the industrial products company’s stock worth $258,000 after buying an additional 132 shares during the period. Bessemer Group Inc. increased its position in Stanley Black & Decker by 1.5% in the 1st 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 period. Finally, Assetmark Inc. lifted 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 during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Performance

SWK opened at $96.84 on Thursday. The stock’s 50 day simple moving average is $95.01 and its 200-day simple moving average is $83.79. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53. The stock has a market cap of $14.62 billion, a PE ratio of 23.62, a P/E/G ratio of 1.45 and a beta of 1.17. Stanley Black & Decker, Inc. has a 1 year low of $61.90 and a 1 year high of $104.68.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period last year, the business earned $1.08 earnings per share. Stanley Black & Decker’s quarterly 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. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.57 EPS for the current year.

Stanley Black & Decker Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $93.00 price objective on shares of Stanley Black & Decker in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Citigroup raised their price target on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wall Street Zen downgraded shares of Stanley Black & Decker from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 29th. Finally, Wells Fargo & Company increased their target price on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, June 18th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.