Sumitomo Mitsui Trust Group Inc. Cuts Stake in Stanley Black & Decker, Inc. $SWK

Sumitomo Mitsui Trust Group Inc. cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 42.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,497 shares of the industrial products company’s stock after selling 55,226 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Stanley Black & Decker were worth $5,463,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Princeton Global Asset Management LLC purchased a new position in shares of Stanley Black & Decker in the second quarter worth $25,000. Chapman Financial Group LLC purchased a new stake in Stanley Black & Decker in the 2nd quarter worth $26,000. CYBER HORNET ETFs LLC bought a new position in shares of Stanley Black & Decker during the 2nd quarter valued at about $28,000. Hanson & Doremus Investment Management bought a new stake in shares of Stanley Black & Decker in the third quarter worth about $30,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Stanley Black & Decker in the second quarter worth about $31,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Up 0.2%

Shares of NYSE SWK opened at $84.57 on Friday. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $91.06. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.35 and a current ratio of 1.11. The company has a market cap of $13.10 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 1.16 and a beta of 1.20. The business’s 50 day moving average price is $73.44 and its 200-day moving average price is $72.67.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.24. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.77 billion. Stanley Black & Decker had a net margin of 2.89% and a return on equity of 8.10%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the business posted $1.22 EPS. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.650 EPS. On average, sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st were paid a $0.83 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.9%. Stanley Black & Decker’s dividend payout ratio (DPR) is 114.88%.

Analysts Set New Price Targets

Several research firms have weighed in on SWK. Weiss Ratings restated a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. Robert W. Baird boosted their price target on shares of Stanley Black & Decker from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 23rd. UBS Group lowered their price objective on shares of Stanley Black & Decker from $105.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Wall Street Zen downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Finally, Wells Fargo & Company increased their price target on shares of Stanley Black & Decker from $75.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $87.33.

About Stanley Black & Decker

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.