Man Group plc Invests $15.67 Million in Stanley Black & Decker, Inc. $SWK

Man Group plc acquired a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 166,460 shares of the industrial products company’s stock, valued at approximately $15,667,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SWK. Capital Research Global Investors grew its position in shares of Stanley Black & Decker by 0.7% during the 4th quarter. Capital Research Global Investors now owns 12,856,517 shares of the industrial products company’s stock worth $954,991,000 after buying an additional 88,402 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Stanley Black & Decker in the second quarter valued at about $1,006,417,000. Price T Rowe Associates Inc. MD lifted its stake in Stanley Black & Decker by 1.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,898,190 shares of the industrial products company’s stock worth $735,239,000 after acquiring an additional 101,769 shares during the period. State Street Corp grew its holdings in Stanley Black & Decker by 2.3% during the 2nd quarter. State Street Corp now owns 9,423,438 shares of the industrial products company’s stock worth $638,438,000 after acquiring an additional 215,960 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Stanley Black & Decker by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,976,851 shares of the industrial products company’s stock valued at $353,618,000 after buying an additional 92,573 shares during the period. 87.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Morgan Stanley set a $96.00 price objective on shares of Stanley Black & Decker in a research note on Monday, August 10th. JPMorgan Chase & Co. raised their price objective on Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a research report on Friday, May 1st. Weiss Ratings upgraded Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Robert W. Baird set a $84.00 price target on Stanley Black & Decker in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $93.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus price target of $92.25.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $99.31 on Friday. The business’s 50 day moving average price is $94.22 and its 200 day moving average price is $83.62. The firm has a market cap of $15.00 billion, a P/E ratio of 24.22, a P/E/G ratio of 1.34 and a beta of 1.16. Stanley Black & Decker, Inc. has a 52 week low of $61.90 and a 52 week high of $104.68. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.53.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (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 during the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the firm posted $1.08 EPS. Stanley Black & Decker’s revenue for the quarter 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, sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.57 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm 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. This represents a $3.36 annualized dividend and a dividend yield of 3.4%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, September 8th. Stanley Black & Decker’s dividend payout ratio is 81.95%.

Stanley Black & Decker 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.