Thrivent Financial for Lutherans Trims Stock Holdings in Stanley Black & Decker, Inc. $SWK

Thrivent Financial for Lutherans reduced its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 42.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 32,221 shares of the industrial products company’s stock after selling 23,665 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Stanley Black & Decker were worth $2,395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SWK. Norges Bank bought a new stake in Stanley Black & Decker during the 2nd quarter valued at $107,111,000. Schroder Investment Management Group raised its stake in shares of Stanley Black & Decker by 129.5% during the 2nd quarter. Schroder Investment Management Group now owns 1,753,050 shares of the industrial products company’s stock valued at $118,769,000 after purchasing an additional 989,032 shares during the period. ProShare Advisors LLC lifted its holdings in Stanley Black & Decker by 38.8% during the 2nd quarter. ProShare Advisors LLC now owns 2,723,331 shares of the industrial products company’s stock worth $184,506,000 after purchasing an additional 761,191 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Stanley Black & Decker in the 2nd quarter worth about $36,003,000. Finally, Clean Energy Transition LLP grew its holdings in Stanley Black & Decker by 30.0% during the 2nd quarter. Clean Energy Transition LLP now owns 1,785,462 shares of the industrial products company’s stock valued at $120,965,000 after buying an additional 412,029 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SWK. The Goldman Sachs Group reissued a “neutral” rating and issued a $84.00 price target on shares of Stanley Black & Decker in a report on Thursday, February 5th. Citigroup increased their target price on shares of Stanley Black & Decker from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, January 21st. Robert W. Baird increased their price objective on Stanley Black & Decker from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 23rd. Finally, Wells Fargo & Company lifted their price objective on Stanley Black & Decker from $75.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and an average target price of $87.00.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock opened at $91.70 on Wednesday. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $93.09. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.35 and a current ratio of 1.14. The stock has a market cap of $14.20 billion, a P/E ratio of 34.60, a price-to-earnings-growth ratio of 1.27 and a beta of 1.21. The firm’s fifty day moving average price is $78.79 and its 200-day moving average price is $74.07.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, February 4th. The industrial products company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.14. Stanley Black & Decker had a return on equity of 7.90% and a net margin of 2.66%.The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the prior year, the firm earned $1.49 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker 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.