SG Americas Securities LLC Buys 18,617 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Posted by Defense World Staff on Sep 21st, 2023

SG Americas Securities LLC boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 204.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,726 shares of the industrial products company’s stock after purchasing an additional 18,617 shares during the period. SG Americas Securities LLC’s holdings in Stanley Black & Decker were worth $2,598,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SWK. Cetera Advisor Networks LLC lifted its position in Stanley Black & Decker by 4.0% during the first quarter. Cetera Advisor Networks LLC now owns 3,595 shares of the industrial products company’s stock valued at $503,000 after purchasing an additional 138 shares during the period. Panagora Asset Management Inc. boosted its stake in shares of 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 acquiring an additional 96 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in shares of 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 acquiring an additional 807 shares during the last quarter. Sei Investments Co. boosted its stake in shares of 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 acquiring an additional 19,966 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of 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 acquiring an additional 629 shares during the last quarter. Institutional investors own 90.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SWK. Wells Fargo & Company lifted their price target on shares of Stanley Black & Decker from $90.00 to $95.00 in a research note on Monday, July 10th. Robert W. Baird raised their price objective on shares of Stanley Black & Decker from $85.00 to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. Zelman & Associates upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. StockNews.com downgraded shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Mizuho raised their price objective on shares of Stanley Black & Decker from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $97.36.

Read Our Latest Report on Stanley Black & Decker

Stanley Black & Decker Stock Performance

Shares of NYSE SWK opened at $86.11 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.28. The company has a market cap of $13.19 billion, a P/E ratio of 16.95, a P/E/G ratio of 5.73 and a beta of 1.37. The firm’s fifty day moving average is $93.95 and its two-hundred day moving average is $86.74. Stanley Black & Decker, Inc. has a 52-week low of $70.24 and a 52-week high of $104.21.

Stanley Black & Decker (NYSE:SWK – Get Free Report) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products company reported ($0.11) earnings per share (EPS) 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 company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the firm posted $1.77 EPS. Stanley Black & Decker’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, analysts anticipate that Stanley Black & Decker, Inc. will post 1 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Tuesday, September 5th were paid a dividend of $0.81 per share. The ex-dividend date was Friday, September 1st. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.80. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.76%. Stanley Black & Decker’s payout ratio is currently 63.78%.

Insider Buying and Selling

In other Stanley Black & Decker news, SVP Janet Link sold 3,081 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $98.76, for a total value of $304,279.56. Following the completion of the sale, the senior vice president now directly owns 32,690 shares of the company’s stock, valued at approximately $3,228,464.40. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.50% of the stock is owned by corporate insiders.

About Stanley Black & Decker

(Free Report)

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.