VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 47,050 Stanley Black & Decker, Inc. $SWK

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) during the 2nd quarter, HoldingsChannel reports. The firm purchased 47,050 shares of the industrial products company’s stock, valued at approximately $4,428,000.

Other large investors have also made changes to their positions in the company. Chapman Financial Group LLC acquired a new stake in Stanley Black & Decker in the 2nd quarter valued at approximately $26,000. CYBER HORNET ETFs LLC acquired a new position in shares of Stanley Black & Decker during the second quarter worth approximately $28,000. Kovack Advisors Inc. bought a new stake in shares of Stanley Black & Decker in the fourth quarter valued at approximately $28,000. Motiv8 Investments LLC acquired a new stake in shares of Stanley Black & Decker in the fourth quarter worth $31,000. Finally, Compass Financial Management LLC acquired a new stake in shares of Stanley Black & Decker in the second quarter worth $31,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Trading Down 2.2%

Shares of Stanley Black & Decker stock opened at $91.77 on Thursday. Stanley Black & Decker, Inc. has a 52-week low of $61.90 and a 52-week high of $104.68. The firm has a market capitalization of $13.86 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 1.44 and a beta of 1.17. 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 company’s fifty day moving average price is $95.27 and its two-hundred day moving average price is $83.96.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data 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. The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm earned $1.08 EPS. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, analysts expect that Stanley Black & Decker, Inc. will post 5.57 EPS for the current year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.84 per share. 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. This represents a $3.36 dividend on an annualized basis and a yield of 3.7%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 81.95%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SWK shares. Wells Fargo & Company upped 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. Weiss Ratings raised shares of Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Morgan Stanley set a $96.00 target price on shares of Stanley Black & Decker in a research note on Monday, August 10th. Wall Street Zen upgraded Stanley Black & Decker from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Finally, Citigroup upped their price target on Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and a consensus target price of $92.25.

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.