Vest Financial LLC Has $56.07 Million Stake in Stanley Black & Decker, Inc. $SWK

Vest Financial LLC reduced its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 16.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 754,330 shares of the industrial products company’s stock after selling 148,833 shares during the quarter. Vest Financial LLC’s holdings in Stanley Black & Decker were worth $56,069,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SWK. Americana Partners LLC boosted its position in Stanley Black & Decker by 1.0% during the third quarter. Americana Partners LLC now owns 117,457 shares of the industrial products company’s stock valued at $8,731,000 after purchasing an additional 1,157 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of Stanley Black & Decker by 29.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 26,278 shares of the industrial products company’s stock worth $1,953,000 after purchasing an additional 5,930 shares in the last quarter. Tred Avon Family Wealth LLC bought a new position in shares of Stanley Black & Decker in the third quarter valued at $939,000. Massachusetts Financial Services Co. MA increased its holdings in Stanley Black & Decker by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,199,427 shares of the industrial products company’s stock worth $237,813,000 after buying an additional 17,084 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its position in Stanley Black & Decker by 14.5% during the third quarter. Maryland State Retirement & Pension System now owns 8,223 shares of the industrial products company’s stock worth $611,000 after acquiring an additional 1,040 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SWK. Robert W. Baird upped their target price on shares of Stanley Black & Decker from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, December 23rd. Wall Street Zen downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Morgan Stanley set a $88.00 price target on Stanley Black & Decker in a report on Monday, December 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their target price on shares of Stanley Black & Decker from $75.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $87.33.

Stanley Black & Decker Stock Down 4.6%

SWK stock opened at $80.73 on Wednesday. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $91.06. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.35 and a current ratio of 1.11. The firm’s fifty day moving average is $74.04 and its 200 day moving average is $72.84. The firm has a market cap of $12.50 billion, a PE ratio of 27.93, a P/E/G ratio of 1.16 and a beta of 1.20.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.24. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Stanley Black & Decker had a return on equity of 8.10% and a net margin of 2.89%.The business’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.22 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.650 EPS. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st were issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, December 1st. Stanley Black & Decker’s payout ratio is currently 114.88%.

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.