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Jul 16, 2023

Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 43.0% during the 1st quarter, according to its most recent filing with the

Oppenheimer Asset Management Inc. increased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 43.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,868 shares of the industrial products company's stock after acquiring an additional 2,366 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Stanley Black & Decker were worth $634,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SWK. Cetera Advisor Networks LLC raised its stake in Stanley Black & Decker by 4.0% during the 1st quarter. Cetera Advisor Networks LLC now owns 3,595 shares of the industrial products company's stock worth $503,000 after acquiring an additional 138 shares in the last quarter. Panagora Asset Management Inc. grew its position in Stanley Black & Decker by 3.5% during the 1st quarter. Panagora Asset Management Inc. now owns 2,838 shares of the industrial products company's stock worth $397,000 after purchasing an additional 96 shares during the last quarter. Vontobel Holding Ltd. grew its position in Stanley Black & Decker by 22.2% during the 1st quarter. Vontobel Holding Ltd. now owns 4,449 shares of the industrial products company's stock worth $636,000 after purchasing an additional 807 shares during the last quarter. Sei Investments Co. grew its position in Stanley Black & Decker by 58.2% during the 1st quarter. Sei Investments Co. now owns 54,290 shares of the industrial products company's stock worth $7,580,000 after purchasing an additional 19,966 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in Stanley Black & Decker by 7.8% during the 1st quarter. Allianz Asset Management GmbH now owns 8,711 shares of the industrial products company's stock worth $1,218,000 after purchasing an additional 629 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

NYSE:SWK opened at $89.22 on Monday. The firm has a 50 day simple moving average of $94.20 and a 200-day simple moving average of $86.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 0.42. The firm has a market cap of $13.67 billion, a PE ratio of 17.56, a P/E/G ratio of 5.88 and a beta of 1.36. Stanley Black & Decker, Inc. has a 1-year low of $70.24 and a 1-year high of $104.21.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.36) by $0.25. Stanley Black & Decker had a net margin of 4.84% and a return on equity of 0.26%. The business had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the previous year, the business posted $1.77 earnings per share. The company's revenue was down 4.4% on a year-over-year basis. On average, equities analysts expect that Stanley Black & Decker, Inc. will post 1 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, September 5th will be given a dividend of $0.81 per share. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.80. The ex-dividend date is Friday, September 1st. This represents a $3.24 annualized dividend and a yield of 3.63%. Stanley Black & Decker's dividend payout ratio is 62.99%.

In related news, SVP Janet Link sold 3,081 shares of the company's stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $98.76, for a total transaction of $304,279.56. Following the completion of the transaction, the senior vice president now owns 32,690 shares of the company's stock, valued at $3,228,464.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by company insiders.

Several research analysts have issued reports on the stock. Robert W. Baird raised their price objective on shares of Stanley Black & Decker from $85.00 to $92.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 2nd. Wells Fargo & Company raised their price objective on shares of Stanley Black & Decker from $90.00 to $95.00 in a research report on Monday, July 10th. Mizuho lifted their target price on shares of Stanley Black & Decker from $90.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, August 2nd. Wolfe Research downgraded shares of Stanley Black & Decker from a "peer perform" rating to an "underperform" rating and set a $94.00 target price on the stock. in a report on Friday, August 11th. Finally, StockNews.com downgraded shares of Stanley Black & Decker from a "hold" rating to a "sell" rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Stanley Black & Decker presently has an average rating of "Hold" and an average price target of $96.00.

Check Out Our Latest Stock Report on SWK

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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