345,744 Shares in Stanley Black & Decker, Inc. $SWK Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 345,744 shares of the industrial products company’s stock, valued at approximately $32,541,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Stanley Black & Decker during the second quarter worth about $1,006,417,000. Norges Bank acquired a new stake in Stanley Black & Decker in the 4th quarter valued at approximately $133,961,000. Confluence Investment Management LLC bought a new stake in Stanley Black & Decker in the 2nd quarter valued at approximately $126,909,000. Bank of New York Mellon Corp bought a new stake in Stanley Black & Decker in the 2nd quarter valued at approximately $123,843,000. Finally, Freestone Grove Partners LP acquired a new position in Stanley Black & Decker during the 3rd quarter worth approximately $95,602,000. 87.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on SWK shares. Citigroup lifted 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. Weiss Ratings upgraded shares of Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $93.00 target price on shares of Stanley Black & Decker in a research report on Wednesday, July 29th. Wall Street Zen raised shares of Stanley Black & Decker from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Finally, Robert W. Baird set a $84.00 price objective on shares of Stanley Black & Decker in a research note on Thursday, April 30th. Three 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $92.25.

Stanley Black & Decker Stock Up 1.4%

Stanley Black & Decker stock opened at $99.87 on Thursday. The stock has a market cap of $15.08 billion, a P/E ratio of 24.36, a P/E/G ratio of 1.32 and a beta of 1.16. The company’s 50-day moving average price is $93.97 and its two-hundred day moving average price is $83.55. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.53. Stanley Black & Decker, Inc. has a twelve month low of $61.90 and a twelve month high of $104.68.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.36. The firm 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 business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.08 EPS. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, analysts expect 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. Investors of record on Tuesday, September 8th will be given a dividend of $0.84 per share. The ex-dividend date is Tuesday, September 8th. This represents a $3.36 annualized dividend and a dividend yield of 3.4%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.83. Stanley Black & Decker’s dividend payout ratio is currently 80.98%.

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.