Ascentis Independent Advisors Takes $667,000 Position in Stanley Black & Decker, Inc. $SWK

Ascentis Independent Advisors bought a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,384 shares of the industrial products company’s stock, valued at approximately $667,000.

A number of other hedge funds also recently bought and sold shares of SWK. Norges Bank bought a new position in shares of Stanley Black & Decker in the 4th quarter worth approximately $133,961,000. Ameriprise Financial Inc. boosted its stake in Stanley Black & Decker by 49.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,379,653 shares of the industrial products company’s stock worth $325,541,000 after purchasing an additional 1,450,170 shares in the last quarter. Freestone Grove Partners LP bought a new position in shares of Stanley Black & Decker in the third quarter worth approximately $95,602,000. Alyeska Investment Group L.P. boosted its position in shares of Stanley Black & Decker by 5,996.4% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,191,540 shares of the industrial products company’s stock valued at $88,508,000 after buying an additional 1,171,995 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in Stanley Black & Decker by 698.8% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 765,835 shares of the industrial products company’s stock worth $56,886,000 after purchasing an additional 669,956 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SWK. Wall Street Zen upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. JPMorgan Chase & Co. upped their target price on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a report on Friday, May 1st. Robert W. Baird set a $84.00 price target on shares of Stanley Black & Decker in a research report on Thursday, April 30th. 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 report on Thursday, June 18th. Finally, Morgan Stanley lowered their target price on Stanley Black & Decker from $87.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 28th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus price target of $88.44.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $86.20 on Thursday. The business has a 50-day moving average price of $82.16 and a 200-day moving average price of $79.59. The company has a quick ratio of 0.43, a current ratio of 1.14 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a twelve month low of $61.90 and a twelve month high of $95.16. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 35.33, a price-to-earnings-growth ratio of 1.25 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.19. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.75 billion. Stanley Black & Decker had a return on equity of 7.95% and a net margin of 2.44%.The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, equities research analysts predict that Stanley Black & Decker, Inc. will post 5.36 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Monday, June 8th were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, June 8th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 136.07%.

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.