Principle Wealth Partners LLC Invests $561,000 in Stanley Black & Decker, Inc. $SWK

Principle Wealth Partners LLC bought a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the 2nd quarter, Holdings Channel reports. The firm bought 5,964 shares of the industrial products company’s stock, valued at approximately $561,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Stanley Black & Decker during the fourth quarter worth $133,961,000. Confluence Investment Management LLC bought a new position in shares of Stanley Black & Decker in the 2nd quarter valued at about $126,909,000. Bank of New York Mellon Corp acquired a new position in shares of Stanley Black & Decker during the 2nd quarter worth about $123,843,000. Freestone Grove Partners LP bought a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at about $95,602,000. Finally, Alyeska Investment Group L.P. raised its holdings in shares of Stanley Black & Decker by 5,996.4% in the 4th 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 purchasing an additional 1,171,995 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Performance

SWK opened at $99.56 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 0.55. The business has a fifty day simple moving average of $91.61 and a 200 day simple moving average of $82.66. Stanley Black & Decker, Inc. has a 1 year low of $61.90 and a 1 year high of $104.68. The company has a market capitalization of $15.04 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.36. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%.The firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the business earned $1.08 EPS. The company’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. Research analysts expect that Stanley Black & Decker, Inc. will post 5.53 EPS 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. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, September 8th. 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 Upgrades and Downgrades

A number of equities analysts recently commented on the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $93.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Citigroup upped their price objective on Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Morgan Stanley set a $96.00 price objective on Stanley Black & Decker in a research report on Monday, August 10th. Wall Street Zen raised Stanley Black & Decker from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Finally, JPMorgan Chase & Co. increased their price target on Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a research note on Friday, May 1st. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.