Fruth Investment Management Cuts Stock Position in Stanley Black & Decker, Inc. $SWK

Fruth Investment Management cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.3% in the first quarter, Holdings Channel reports. The institutional investor owned 4,450 shares of the industrial products company’s stock after selling 200 shares during the quarter. Fruth Investment Management’s holdings in Stanley Black & Decker were worth $342,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SWK. Ensign Peak Advisors Inc increased its position in shares of Stanley Black & Decker by 6.4% during the fourth quarter. Ensign Peak Advisors Inc now owns 54,331 shares of the industrial products company’s stock worth $4,362,000 after purchasing an additional 3,269 shares in the last quarter. Focus Partners Wealth increased its position in shares of Stanley Black & Decker by 56.6% during the fourth quarter. Focus Partners Wealth now owns 5,876 shares of the industrial products company’s stock worth $472,000 after purchasing an additional 2,123 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Stanley Black & Decker during the fourth quarter worth approximately $215,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Stanley Black & Decker by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,089 shares of the industrial products company’s stock worth $1,211,000 after purchasing an additional 657 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its position in shares of Stanley Black & Decker by 20.4% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 6,394 shares of the industrial products company’s stock worth $513,000 after purchasing an additional 1,082 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $79.59 on Friday. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The business’s fifty day simple moving average is $72.73 and its 200-day simple moving average is $70.47. The firm has a market cap of $12.32 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 1.70 and a beta of 1.16. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the company posted $1.09 EPS. The company’s quarterly revenue was down 6.2% on a year-over-year basis. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Equities analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.83 dividend. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.32 annualized dividend and a dividend yield of 4.2%. Stanley Black & Decker’s dividend payout ratio is currently 105.40%.

Wall Street Analyst Weigh In

Several brokerages recently commented on SWK. Barclays dropped their price target on Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. Wolfe Research raised Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, July 8th. Wells Fargo & Company boosted their price objective on Stanley Black & Decker from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Jefferies Financial Group set a $86.00 price objective on Stanley Black & Decker and gave the stock a “buy” rating in a research note on Monday, August 18th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $80.00 price objective on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $89.40.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.