Sumitomo Mitsui Trust Group Inc. Trims Stake in Stanley Black & Decker, Inc. $SWK

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 9.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,507 shares of the industrial products company’s stock after selling 6,957 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Stanley Black & Decker were worth $4,655,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Stanley Black & Decker by 3.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,648 shares of the industrial products company’s stock valued at $1,203,000 after acquiring an additional 559 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Stanley Black & Decker by 8.2% during the first quarter. Empowered Funds LLC now owns 4,645 shares of the industrial products company’s stock valued at $357,000 after purchasing an additional 353 shares during the period. Focus Partners Wealth grew its holdings in shares of Stanley Black & Decker by 18.8% in the first quarter. Focus Partners Wealth now owns 6,981 shares of the industrial products company’s stock worth $537,000 after purchasing an additional 1,105 shares during the last quarter. CW Advisors LLC bought a new position in shares of Stanley Black & Decker in the second quarter worth about $249,000. Finally, EverSource Wealth Advisors LLC increased its stake in Stanley Black & Decker by 53.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 989 shares of the industrial products company’s stock worth $67,000 after buying an additional 345 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Up 0.9%

Shares of NYSE:SWK opened at $87.28 on Wednesday. The company has a market capitalization of $13.57 billion, a PE ratio of 35.77, a P/E/G ratio of 1.21 and a beta of 1.16. The company has a current ratio of 1.14, a quick ratio of 0.43 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 12-month low of $61.90 and a 12-month high of $95.16. The business’s fifty day simple moving average is $82.93 and its 200-day simple moving average is $79.95.

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

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Monday, June 8th were given a $0.83 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.8%. Stanley Black & Decker’s payout ratio is presently 136.07%.

Analysts Set New Price Targets

Several research firms have issued reports on SWK. Robert W. Baird set a $84.00 price objective on shares of Stanley Black & Decker in a research report on Thursday, April 30th. Barclays dropped their price objective on Stanley Black & Decker from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. JPMorgan Chase & Co. raised their price objective on Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a report on Friday, May 1st. Wall Street Zen upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Finally, Wells Fargo & Company increased their price target on Stanley Black & Decker from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 18th. Four 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, the stock presently has a consensus rating of “Hold” and an average price target of $88.44.

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.