Stanley Black & Decker, Inc. $SWK Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 7.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 295,871 shares of the industrial products company’s stock after selling 22,502 shares during the period. Legal & General Group Plc owned approximately 0.19% of Stanley Black & Decker worth $21,977,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. GoalVest Advisory LLC purchased a new position in shares of Stanley Black & Decker in the 4th quarter valued at $26,000. Chapman Financial Group LLC purchased a new stake in Stanley Black & Decker during the 2nd quarter worth $26,000. CYBER HORNET ETFs LLC acquired a new stake in Stanley Black & Decker in the 2nd quarter valued at $28,000. Sentry Investment Management LLC purchased a new position in Stanley Black & Decker in the third quarter valued at about $31,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Stanley Black & Decker during the second quarter worth about $31,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Stanley Black & Decker from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Robert W. Baird set a $84.00 price target on Stanley Black & Decker in a research report on Thursday, April 30th. Barclays lowered their price objective on shares of Stanley Black & Decker from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Citigroup lifted their price objective on shares of Stanley Black & Decker from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, Morgan Stanley reduced their target price on shares of Stanley Black & Decker from $87.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Thursday. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $87.33.

Stanley Black & Decker Price Performance

SWK stock opened at $79.50 on Monday. The stock’s 50 day moving average is $74.20 and its two-hundred day moving average is $76.53. Stanley Black & Decker, Inc. has a 52-week low of $61.90 and a 52-week high of $93.37. The company has a market capitalization of $12.36 billion, a PE ratio of 32.58, a P/E/G ratio of 1.12 and a beta of 1.19. The company has a quick ratio of 0.43, a current ratio of 1.14 and a debt-to-equity ratio of 0.52.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, April 29th. The industrial products company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.61 by $0.19. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Stanley Black & Decker had a return on equity of 7.95% and a net margin of 2.44%.The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 EPS. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Analysts predict that Stanley Black & Decker, Inc. will post 5.32 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Monday, June 8th will be given a $0.83 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $3.32 annualized dividend and a dividend yield of 4.2%. Stanley Black & Decker’s payout ratio is presently 136.07%.

Stanley Black & Decker Company 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.