Paralel Advisors LLC Takes Position in Stanley Black & Decker, Inc. $SWK

Paralel Advisors LLC bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWKFree Report) in the second quarter, HoldingsChannel reports. The institutional investor bought 530,000 shares of the industrial products company’s stock, valued at approximately $49,884,000. Stanley Black & Decker comprises about 1.9% of Paralel Advisors LLC’s holdings, making the stock its 12th largest holding.

Other large investors have also made changes to their positions in the company. Allworth Financial LP bought a new position in Stanley Black & Decker in the second quarter valued at about $593,000. MJP Associates Inc. ADV bought a new stake in Stanley Black & Decker during the 2nd quarter worth about $206,000. Vise Technologies Inc. acquired a new position in Stanley Black & Decker during the 2nd quarter valued at about $1,550,000. Tocqueville Asset Management L.P. bought a new position in shares of Stanley Black & Decker in the 2nd quarter valued at about $29,818,000. Finally, West Family Investments Inc. acquired a new stake in shares of Stanley Black & Decker during the 2nd quarter worth approximately $475,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $98.83 on Friday. The stock has a market cap of $14.93 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16. The stock has a 50-day moving average of $92.73 and a 200-day moving average of $83.08. 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 one year low of $61.90 and a one year high of $104.68.

Stanley Black & Decker (NYSE:SWKGet Free Report) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.36. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. Stanley Black & Decker’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 EPS. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.58 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. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.84 per share. 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 dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 8th. Stanley Black & Decker’s payout ratio is 80.98%.

Key Headlines Impacting Stanley Black & Decker

Here are the key news stories impacting Stanley Black & Decker this week:

Analysts Set New Price Targets

Several equities analysts recently weighed in on SWK shares. Citigroup increased their price objective on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a report on Friday, July 31st. Robert W. Baird set a $84.00 target price on shares of Stanley Black & Decker in a report on Thursday, April 30th. 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 report on Thursday, June 18th. Wall Street Zen raised Stanley Black & Decker from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, JPMorgan Chase & Co. raised their price target on Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $92.25.

Read Our Latest Report on SWK

Stanley Black & Decker Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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