Bank of New York Mellon Corp Buys 121,795 Shares of Stanley Black & Decker, Inc. $SWK

Bank of New York Mellon Corp grew its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 10.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,282,758 shares of the industrial products company’s stock after purchasing an additional 121,795 shares during the quarter. Bank of New York Mellon Corp’s holdings in Stanley Black & Decker were worth $95,283,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Norges Bank bought a new position in Stanley Black & Decker during the fourth quarter worth about $133,961,000. Ameriprise Financial Inc. lifted its position in Stanley Black & Decker by 49.5% during the third quarter. Ameriprise Financial Inc. now owns 4,379,653 shares of the industrial products company’s stock worth $325,541,000 after acquiring an additional 1,450,170 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in Stanley Black & Decker during the third quarter worth approximately $95,602,000. Strive Asset Management LLC acquired a new stake in Stanley Black & Decker during the third quarter worth approximately $78,480,000. Finally, Clean Energy Transition LLP lifted its position in Stanley Black & Decker by 56.8% during the third quarter. Clean Energy Transition LLP now owns 2,799,218 shares of the industrial products company’s stock worth $208,066,000 after acquiring an additional 1,013,756 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

SWK has been the subject of several research reports. Argus upgraded shares of Stanley Black & Decker to a “hold” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. lifted their price target on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a research report on Friday, May 1st. Barclays dropped their price target 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. Robert W. Baird set a $84.00 price target on shares of Stanley Black & Decker in a research report on Thursday, April 30th. Finally, Wall Street Zen downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and an average target price of $87.33.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $78.58 on Tuesday. Stanley Black & Decker, Inc. has a 12 month low of $61.90 and a 12 month high of $93.37. The company has a current ratio of 1.14, a quick ratio of 0.43 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $12.22 billion, a P/E ratio of 32.20, a PEG ratio of 1.10 and a beta of 1.19. The firm’s 50 day moving average is $75.25 and its 200 day moving average is $77.07.

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

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 8th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Monday, June 8th. Stanley Black & Decker’s dividend payout ratio (DPR) is 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.