Peak Asset Management LLC Makes New Investment in Stanley Black & Decker, Inc. $SWK

Peak Asset Management LLC purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK) in the second quarter, HoldingsChannel reports. The firm purchased 22,733 shares of the industrial products company’s stock, valued at approximately $2,140,000.

A number of other large investors also recently modified their holdings of SWK. BlackRock Inc. purchased a new stake in Stanley Black & Decker in the 2nd quarter worth $1,006,417,000. Norges Bank bought a new stake in Stanley Black & Decker during the 4th quarter valued at approximately $133,961,000. Confluence Investment Management LLC purchased a new position in Stanley Black & Decker in the 2nd quarter worth approximately $126,909,000. Bank of New York Mellon Corp bought a new position in Stanley Black & Decker in the 2nd quarter worth approximately $123,843,000. Finally, Freestone Grove Partners LP purchased a new stake in Stanley Black & Decker during the 3rd quarter valued at approximately $95,602,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SWK. Citigroup upped their target price on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings raised Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Morgan Stanley set a $96.00 price target on Stanley Black & Decker in a research note on Monday, August 10th. Robert W. Baird set a $84.00 price objective on Stanley Black & Decker in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised 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. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $92.25.

Stanley Black & Decker Trading Down 1.5%

SWK stock opened at $98.57 on Tuesday. Stanley Black & Decker, Inc. has a twelve month low of $61.90 and a twelve month high of $104.68. The stock has a market capitalization of $14.89 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.53. The firm’s fifty day simple moving average is $93.34 and its two-hundred day simple moving average is $83.35.

Stanley Black & Decker (NYSE:SWK) last released its quarterly 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 firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the previous year, the company earned $1.08 EPS. The firm’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. As a group, analysts anticipate 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 disclosed 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 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, September 8th. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.83. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 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.