Assenagon Asset Management S.A. Has $1.08 Million Position in Stanley Black & Decker, Inc. $SWK

Assenagon Asset Management S.A. lessened its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 48.6% in the first quarter, HoldingsChannel reports. The fund owned 15,201 shares of the industrial products company’s stock after selling 14,349 shares during the period. Assenagon Asset Management S.A.’s holdings in Stanley Black & Decker were worth $1,080,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GoalVest Advisory LLC bought a new position in shares of Stanley Black & Decker during the fourth quarter worth approximately $26,000. Chapman Financial Group LLC bought a new position in shares of Stanley Black & Decker in the second quarter worth $26,000. CYBER HORNET ETFs LLC acquired a new position in Stanley Black & Decker in the second quarter valued at about $28,000. Motiv8 Investments LLC bought a new stake in Stanley Black & Decker during the fourth quarter worth about $31,000. Finally, MUFG Securities EMEA plc acquired a new stake in Stanley Black & Decker during the second quarter worth about $31,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on SWK shares. Robert W. Baird set a $84.00 target price on shares of Stanley Black & Decker in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. JPMorgan Chase & Co. lifted their price target on Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a research note on Friday, May 1st. Barclays dropped their price objective on shares of 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, Wells Fargo & Company increased their target price on 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. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $88.44.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $91.45 on Thursday. The stock’s 50 day moving average is $80.81 and its 200 day moving average is $78.99. Stanley Black & Decker, Inc. has a one year low of $61.90 and a one year high of $95.16. The firm has a market cap of $14.22 billion, a P/E ratio of 37.48, a P/E/G ratio of 1.31 and a beta of 1.16. 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 (NYSE:SWK) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.19. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.75 billion. Stanley Black & Decker had a net margin of 2.44% and a return on equity of 7.95%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 EPS. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, research analysts expect that Stanley Black & Decker, Inc. will post 5.36 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Monday, June 8th were issued a $0.83 dividend. The ex-dividend date was Monday, June 8th. This represents a $3.32 annualized dividend and a yield of 3.6%. Stanley Black & Decker’s payout ratio is presently 136.07%.

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.