State of Wyoming Takes Position in Stanley Black & Decker, Inc. $SWK

State of Wyoming purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,653 shares of the industrial products company’s stock, valued at approximately $473,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SWK. Douglas Lane & Associates LLC increased its position in Stanley Black & Decker by 47.4% during the fourth quarter. Douglas Lane & Associates LLC now owns 106,850 shares of the industrial products company’s stock valued at $7,937,000 after acquiring an additional 34,365 shares during the last quarter. Polianta Ltd bought a new stake in shares of Stanley Black & Decker during the 4th quarter valued at about $1,611,000. New York Life Investment Management LLC grew its stake in shares of Stanley Black & Decker by 67.5% during the 4th quarter. New York Life Investment Management LLC now owns 34,766 shares of the industrial products company’s stock valued at $2,582,000 after purchasing an additional 14,005 shares during the period. SG Americas Securities LLC lifted its stake in shares of Stanley Black & Decker by 1,282.2% in the 4th quarter. SG Americas Securities LLC now owns 72,098 shares of the industrial products company’s stock worth $5,355,000 after purchasing an additional 66,882 shares during the period. Finally, LBP AM SA bought a new position in shares of Stanley Black & Decker in the 4th quarter worth approximately $2,377,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 4.4%

Shares of SWK stock opened at $91.22 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.14 and a quick ratio of 0.43. Stanley Black & Decker, Inc. has a one year low of $61.90 and a one year high of $95.16. The company’s fifty day moving average price is $84.59 and its 200-day moving average price is $80.70. The company has a market capitalization of $14.18 billion, a price-to-earnings ratio of 37.39, a PEG ratio of 1.28 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.19. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.75 billion. Stanley Black & Decker had a net margin of 2.44% and a return on equity of 7.95%. Stanley Black & Decker’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.35 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be given a dividend of $0.84 per share. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.83. This represents a $3.36 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Tuesday, September 8th. Stanley Black & Decker’s dividend payout ratio (DPR) is 137.70%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Morgan Stanley cut their target price on shares of Stanley Black & Decker from $87.00 to $84.00 and set an “equal weight” rating for the company in a research report on Thursday, May 28th. Wall Street Zen upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Wells Fargo & Company boosted their price objective on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, June 18th. Barclays reduced their price objective on Stanley Black & Decker from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Finally, Robert W. Baird set a $84.00 target price on Stanley Black & Decker in a research report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $88.44.

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.