Bank of New York Mellon Corp Grows Stock Holdings in Stanley Black & Decker, Inc. $SWK

Bank of New York Mellon Corp boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,297,222 shares of the industrial products company’s stock after buying an additional 14,464 shares during the quarter. Bank of New York Mellon Corp’s holdings in Stanley Black & Decker were worth $92,181,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Chapman Financial Group LLC purchased a new stake in shares of Stanley Black & Decker during the 2nd quarter worth approximately $26,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Stanley Black & Decker in the 2nd quarter worth approximately $28,000. Kovack Advisors Inc. purchased a new position in Stanley Black & Decker in the 4th quarter valued at approximately $28,000. Motiv8 Investments LLC acquired a new position in Stanley Black & Decker during the fourth quarter worth $31,000. Finally, MUFG Securities EMEA plc purchased a new stake in Stanley Black & Decker during the second quarter worth $31,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Up 0.9%

Shares of NYSE:SWK opened at $88.27 on Wednesday. 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, Inc. has a 52-week low of $61.90 and a 52-week high of $95.16. The stock’s fifty day simple moving average is $83.83 and its 200-day simple moving average is $80.45. The company has a market capitalization of $13.72 billion, a P/E ratio of 36.18, a P/E/G ratio of 1.22 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.19. Stanley Black & Decker had a return on equity of 7.95% and a net margin of 2.44%.The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the company earned $0.75 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.35 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Monday, June 8th were issued a dividend of $0.83 per share. The ex-dividend date was Monday, June 8th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.8%. Stanley Black & Decker’s payout ratio is 136.07%.

Wall Street Analyst Weigh In

Several research firms have weighed in on SWK. JPMorgan Chase & Co. upped their target price on Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a report on Friday, May 1st. Wells Fargo & Company boosted their price objective on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 18th. Morgan Stanley dropped their target price on shares of Stanley Black & Decker from $87.00 to $84.00 and set an “equal weight” rating for the company in a report on Thursday, May 28th. Wall Street Zen raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Finally, Robert W. Baird set a $84.00 price target on shares of Stanley Black & Decker in a research report on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $88.44.

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.