Royal Bank of Canada Decreases Stake in Stanley Black & Decker, Inc. $SWK

Royal Bank of Canada cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 358,991 shares of the industrial products company’s stock after selling 24,542 shares during the period. Royal Bank of Canada’s holdings in Stanley Black & Decker were worth $25,510,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on SWK shares. JPMorgan Chase & Co. raised their price objective on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a report on Friday, May 1st. Weiss Ratings upgraded Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. The Goldman Sachs Group reissued a “neutral” rating and set a $93.00 price objective on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Wells Fargo & Company raised their target price on Stanley Black & Decker from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 18th. Finally, Citigroup upped their price target on Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Four 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.com, the stock has a consensus rating of “Hold” and a consensus price target of $90.22.

Stanley Black & Decker Stock Up 4.3%

Shares of SWK opened at $102.34 on Wednesday. The firm has a market cap of $15.46 billion, a P/E ratio of 24.96, a P/E/G ratio of 1.35 and a beta of 1.16. Stanley Black & Decker, Inc. has a 1 year low of $61.90 and a 1 year high of $102.53. The stock has a 50 day simple moving average of $87.40 and a two-hundred day simple moving average of $81.43. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 0.55.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.36. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The company had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the company earned $1.08 EPS. The firm’s revenue was up .4% compared to the same quarter last year. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, analysts forecast 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%.

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.