RB Capital Management LLC Buys New Stake in Stanley Black & Decker, Inc. $SWK

RB Capital Management LLC purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,704 shares of the industrial products company’s stock, valued at approximately $725,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Stanley Black & Decker in the 2nd quarter valued at about $1,006,417,000. Norges Bank purchased a new stake in Stanley Black & Decker during the fourth quarter worth approximately $133,961,000. Confluence Investment Management LLC purchased a new stake in Stanley Black & Decker during the second quarter worth approximately $126,909,000. Bank of New York Mellon Corp acquired a new position in Stanley Black & Decker in the second quarter valued at approximately $123,843,000. Finally, Freestone Grove Partners LP purchased a new position in Stanley Black & Decker in the third quarter valued at approximately $95,602,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $97.86 on Friday. The company’s 50 day simple moving average is $94.44 and its 200-day simple moving average is $83.72. The firm has a market cap of $14.78 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 1.33 and a beta of 1.16. Stanley Black & Decker, Inc. has a 12-month low of $61.90 and a 12-month high of $104.68. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.36. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. Stanley Black & Decker’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 earnings per share. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, equities analysts predict that Stanley Black & Decker, Inc. will post 5.57 EPS for the current year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.83. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.4%. Stanley Black & Decker’s dividend payout ratio is presently 80.98%.

Analyst Ratings Changes

Several brokerages have recently weighed in on SWK. Weiss Ratings upgraded shares of Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Wells Fargo & Company boosted their price target on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, June 18th. Citigroup upped their price objective on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Wall Street Zen lowered Stanley Black & Decker from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, JPMorgan Chase & Co. boosted their target price on Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a report on Friday, May 1st. Three equities research 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, the company presently has an average rating of “Hold” and a consensus target price of $92.25.

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.