Stanley Black & Decker, Inc. (NYSE:SWK – Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $95.01 and last traded at $94.2530, with a volume of 2269440 shares trading hands. The stock had previously closed at $93.65.
Analyst Upgrades and Downgrades
Several analysts have commented on SWK shares. Morgan Stanley decreased their price target on shares of Stanley Black & Decker from $87.00 to $84.00 and set an “equal weight” rating for the company in a research report on Thursday, May 28th. JPMorgan Chase & Co. lifted their price objective on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a research report on Friday, May 1st. Robert W. Baird set a $84.00 price objective on shares of Stanley Black & Decker in a research note on Thursday, April 30th. Wall Street Zen raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus price target of $88.44.
Read Our Latest Stock Report on Stanley Black & Decker
Stanley Black & Decker Stock Up 0.6%
Stanley Black & Decker (NYSE:SWK – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.19. Stanley Black & Decker had a net margin of 2.44% and a return on equity of 7.95%. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter last year, the company posted $0.75 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.35 earnings per share for the current year.
Stanley Black & Decker Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Monday, June 8th were paid a $0.83 dividend. The ex-dividend date was Monday, June 8th. This represents a $3.32 dividend on an annualized basis and a yield of 3.5%. Stanley Black & Decker’s dividend payout ratio (DPR) is 136.07%.
Institutional Trading of Stanley Black & Decker
Several large investors have recently added to or reduced their stakes in SWK. Optiver Holding B.V. increased its holdings in shares of Stanley Black & Decker by 466.5% in the first quarter. Optiver Holding B.V. now owns 1,065 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 877 shares during the period. Allen Capital Group LLC raised its stake in shares of Stanley Black & Decker by 6.8% in the first quarter. Allen Capital Group LLC now owns 44,227 shares of the industrial products company’s stock worth $3,143,000 after purchasing an additional 2,823 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Stanley Black & Decker by 7.8% during the first quarter. Glenmede Trust Co. NA now owns 6,636 shares of the industrial products company’s stock worth $472,000 after purchasing an additional 482 shares during the period. Essential Partners LLC boosted its position in Stanley Black & Decker by 190.3% in the first quarter. Essential Partners LLC now owns 932 shares of the industrial products company’s stock valued at $66,000 after buying an additional 611 shares during the last quarter. Finally, Kentucky Retirement Systems purchased a new stake in Stanley Black & Decker in the first quarter valued at approximately $911,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.
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.
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