Kentucky Retirement Systems Takes $911,000 Position in Stanley Black & Decker, Inc. $SWK

Kentucky Retirement Systems acquired a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,815 shares of the industrial products company’s stock, valued at approximately $911,000.

A number of other hedge funds also recently bought and sold shares of SWK. Bull Harbor Capital LLC purchased a new stake in Stanley Black & Decker in the first quarter worth approximately $215,000. Arkadios Wealth Advisors raised its stake in shares of Stanley Black & Decker by 27.3% during the first quarter. Arkadios Wealth Advisors now owns 31,056 shares of the industrial products company’s stock worth $2,207,000 after acquiring an additional 6,660 shares in the last quarter. Amundi raised its stake in shares of Stanley Black & Decker by 41.4% during the first quarter. Amundi now owns 336,884 shares of the industrial products company’s stock worth $23,939,000 after acquiring an additional 98,655 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Stanley Black & Decker by 75.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,677 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 720 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Stanley Black & Decker by 22.3% in the 1st quarter. California State Teachers Retirement System now owns 178,974 shares of the industrial products company’s stock valued at $12,718,000 after purchasing an additional 32,606 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SWK. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $93.00 target price on shares of Stanley Black & Decker in a report on Wednesday. Citigroup boosted their price target on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the stock a “buy” rating in a research note on Friday. Wall Street Zen raised Stanley Black & Decker from a “buy” rating to a “strong-buy” rating in a research note on Saturday. JPMorgan Chase & Co. lifted their price objective on Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a report on Friday, May 1st. Finally, Wells Fargo & Company boosted their target price on Stanley Black & Decker from $80.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, June 18th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $90.22.

Get Our Latest Report on SWK

Stanley Black & Decker Stock Down 1.0%

Shares of Stanley Black & Decker stock opened at $94.60 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 1.43. Stanley Black & Decker, Inc. has a 52-week low of $61.90 and a 52-week high of $96.04. The company’s 50 day moving average price is $86.50 and its 200-day moving average price is $81.20. The stock has a market capitalization of $14.71 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 1.32 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.36. The company had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The firm’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 EPS. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.43 EPS for the current year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 3.6%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, September 8th. Stanley Black & Decker’s payout ratio is currently 81.95%.

About Stanley Black & Decker

(Free Report)

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.

Recommended Stories

• Five stocks we like better than Stanley Black & Decker
• Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
• Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
• Apple’s Record Quarter Could Not Outrun Its Guidance Problem
• McKesson’s Compounding Keeps Adding Up

Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK – Free Report).