Rakuten Investment Management Inc. Invests $1.54 Million in Stanley Black & Decker, Inc. $SWK

Rakuten Investment Management Inc. bought a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the 2nd quarter, Holdings Channel.com reports. The fund bought 16,482 shares of the industrial products company’s stock, valued at approximately $1,544,000.

Other hedge funds have also recently added to or reduced their stakes in the company. RB Capital Management LLC purchased a new stake in Stanley Black & Decker in the 2nd quarter valued at about $725,000. Glenview Trust Co purchased a new position in shares of Stanley Black & Decker during the 2nd quarter worth about $547,000. Empowered Funds LLC acquired a new stake in shares of Stanley Black & Decker in the second quarter worth approximately $881,000. United Capital Financial Advisors LLC acquired a new stake in shares of Stanley Black & Decker in the second quarter worth approximately $496,000. Finally, Equitable Holdings Inc. purchased a new stake in Stanley Black & Decker in the second quarter valued at approximately $322,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SWK has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Morgan Stanley set a $96.00 price objective on Stanley Black & Decker in a report on Monday, August 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $93.00 target price on shares of Stanley Black & Decker in a research report on Wednesday, July 29th. Wall Street Zen cut Stanley Black & Decker from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Wells Fargo & Company boosted their price target on 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. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and an average price target of $92.25.

Stanley Black & Decker Trading Up 0.1%

NYSE SWK opened at $97.86 on Monday. The firm has a market capitalization of $14.78 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 1.31 and a beta of 1.16. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.43. Stanley Black & Decker, Inc. has a one year low of $61.90 and a one year high of $104.68. The company’s 50 day moving average price is $94.44 and its 200 day moving average price is $83.68.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. Stanley Black & Decker’s revenue for the quarter was up .4% on a year-over-year basis. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, sell-side analysts predict that Stanley Black & Decker, Inc. will post 5.57 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be given a dividend of $0.84 per share. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.36 dividend on an annualized basis and a yield of 3.4%. Stanley Black & Decker’s dividend payout ratio is currently 80.98%.

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.