Rakuten Investment Management Inc. Buys Shares of 9,219 Stanley Black & Decker, Inc. $SWK

Rakuten Investment Management Inc. purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,219 shares of the industrial products company’s stock, valued at approximately $671,000.

A number of other large investors also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Stanley Black & Decker by 3.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,648 shares of the industrial products company’s stock worth $1,203,000 after purchasing an additional 559 shares during the last quarter. Empowered Funds LLC lifted its holdings in Stanley Black & Decker by 8.2% during the 1st quarter. Empowered Funds LLC now owns 4,645 shares of the industrial products company’s stock valued at $357,000 after buying an additional 353 shares in the last quarter. Focus Partners Wealth boosted its position in Stanley Black & Decker by 18.8% in the 1st quarter. Focus Partners Wealth now owns 6,981 shares of the industrial products company’s stock valued at $537,000 after buying an additional 1,105 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Stanley Black & Decker during the second quarter worth approximately $969,000. Finally, Farther Finance Advisors LLC increased its position in shares of Stanley Black & Decker by 41.0% during the second quarter. Farther Finance Advisors LLC now owns 4,630 shares of the industrial products company’s stock worth $314,000 after acquiring an additional 1,347 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $82.45 on Friday. The firm has a market capitalization of $12.77 billion, a P/E ratio of 28.53, a PEG ratio of 1.13 and a beta of 1.20. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $91.06. The company has a quick ratio of 0.35, a current ratio of 1.11 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average price of $75.01 and a 200 day moving average price of $73.09.

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

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $3.32 dividend on an annualized basis and a yield of 4.0%. Stanley Black & Decker’s payout ratio is currently 114.88%.

Wall Street Analysts Forecast Growth

SWK has been the topic of several research analyst reports. Morgan Stanley set a $88.00 price objective on Stanley Black & Decker in a research note on Monday, December 22nd. Wells Fargo & Company increased their price target on Stanley Black & Decker from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. Wall Street Zen downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Robert W. Baird boosted their price objective on shares of Stanley Black & Decker from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 23rd. Finally, UBS Group decreased their price target on shares of Stanley Black & Decker from $105.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Stanley Black & Decker has an average rating of “Hold” and a consensus price target of $87.33.

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.