Empowered Funds LLC Acquires New Position in Stanley Black & Decker, Inc. $SWK

Empowered Funds LLC acquired a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,357 shares of the industrial products company’s stock, valued at approximately $881,000.

Other institutional investors have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership purchased a new position in Stanley Black & Decker during the 1st quarter worth $47,448,000. Assenagon Asset Management S.A. raised its stake in shares of Stanley Black & Decker by 533.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 96,322 shares of the industrial products company’s stock valued at $9,066,000 after buying an additional 81,121 shares during the last quarter. New York Life Investment Management LLC lifted its holdings in Stanley Black & Decker by 67.5% in the fourth quarter. New York Life Investment Management LLC now owns 34,766 shares of the industrial products company’s stock valued at $2,582,000 after acquiring an additional 14,005 shares during the period. Oak Thistle LLC purchased a new stake in Stanley Black & Decker during the second quarter worth $1,440,000. Finally, Benjamin Edwards Inc. acquired a new stake in Stanley Black & Decker during the second quarter valued at $1,115,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $97.24 on Friday. 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 company has a market cap of $14.69 billion, a P/E ratio of 23.72, a P/E/G ratio of 1.48 and a beta of 1.17. Stanley Black & Decker, Inc. has a 52 week low of $61.90 and a 52 week high of $104.68. The business has a fifty day simple moving average of $95.20 and a 200-day simple moving average of $83.92.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $3.97 billion. During the same period in the previous year, the company earned $1.08 EPS. The business’s quarterly revenue 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. Equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.57 EPS for the current year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be issued a $0.84 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $3.36 dividend on an annualized basis and a yield of 3.5%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.83. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 80.98%.

Analyst Ratings Changes

SWK has been the topic of several recent analyst reports. Citigroup increased 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 note on Friday, July 31st. The Goldman Sachs Group reissued a “neutral” rating and issued a $93.00 price objective on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Wall Street Zen downgraded shares of Stanley Black & Decker from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. Wells Fargo & Company boosted their target price on Stanley Black & Decker from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 18th. Finally, Morgan Stanley set a $96.00 price objective on shares of Stanley Black & Decker in a research report on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and an average target price of $92.25.

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.