Eastern Bank Sells 78,000 Shares of Stanley Black & Decker, Inc. $SWK

Eastern Bank lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 61.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,182 shares of the industrial products company’s stock after selling 78,000 shares during the period. Eastern Bank’s holdings in Stanley Black & Decker were worth $4,535,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SWK. Douglas Lane & Associates LLC increased its holdings in Stanley Black & Decker by 47.4% in the 4th quarter. Douglas Lane & Associates LLC now owns 106,850 shares of the industrial products company’s stock worth $7,937,000 after acquiring an additional 34,365 shares during the last quarter. New York Life Investment Management LLC boosted its holdings in Stanley Black & Decker by 67.5% in the 4th quarter. New York Life Investment Management LLC now owns 34,766 shares of the industrial products company’s stock worth $2,582,000 after buying an additional 14,005 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Stanley Black & Decker in the 1st quarter valued at approximately $47,448,000. LBP AM SA bought a new stake in Stanley Black & Decker during the 4th quarter valued at $2,377,000. Finally, Danske Bank A S lifted its position in shares of Stanley Black & Decker by 4,890.9% during the fourth quarter. Danske Bank A S now owns 49,909 shares of the industrial products company’s stock worth $3,707,000 after acquiring an additional 48,909 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock opened at $102.34 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.43. The firm’s fifty day moving average price is $87.40 and its 200-day moving average price is $81.43. Stanley Black & Decker, Inc. has a fifty-two week low of $61.90 and a fifty-two week high of $102.53. The stock has a market cap of $15.46 billion, a P/E ratio of 24.96, a price-to-earnings-growth ratio of 1.35 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.21 by $0.36. The firm had revenue of $3.96 billion for 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 was up .4% compared to the same quarter last year. During the same period last year, the firm posted $1.08 earnings per share. 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 5.45 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be issued a dividend of $0.84 per share. The ex-dividend date is Tuesday, September 8th. This represents a $3.36 annualized dividend and a yield of 3.3%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.83. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 80.98%.

Wall Street Analysts Forecast Growth

SWK has been the topic of a number of recent research reports. Robert W. Baird set a $84.00 price objective on Stanley Black & Decker in a report on Thursday, April 30th. Weiss Ratings upgraded Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Wells Fargo & Company boosted their price objective on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. raised their price target on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a report on Friday, May 1st. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $93.00 price target on shares of Stanley Black & Decker in a research report on Wednesday, July 29th. 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. According to MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and an average target price of $90.22.

About Stanley Black & Decker

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.