Hardman Johnston Global Advisors LLC Trims Stock Holdings in Stanley Black & Decker, Inc. $SWK
by Sarita Garza · The Markets DailyHardman Johnston Global Advisors LLC trimmed its holdings in Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 18.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,568 shares of the industrial products company’s stock after selling 24,780 shares during the period. Hardman Johnston Global Advisors LLC owned approximately 0.07% of Stanley Black & Decker worth $8,064,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Choreo LLC raised its holdings in shares of Stanley Black & Decker by 8.7% in the 4th quarter. Choreo LLC now owns 3,277 shares of the industrial products company’s stock valued at $246,000 after acquiring an additional 263 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Stanley Black & Decker by 1.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 32,999 shares of the industrial products company’s stock worth $2,451,000 after acquiring an additional 526 shares in the last quarter. Howard Capital Management Inc. grew its position in Stanley Black & Decker by 81.9% in the fourth quarter. Howard Capital Management Inc. now owns 10,174 shares of the industrial products company’s stock worth $756,000 after acquiring an additional 4,581 shares in the last quarter. Apollon Wealth Management LLC grew its position in Stanley Black & Decker by 4.9% in the fourth quarter. Apollon Wealth Management LLC now owns 11,738 shares of the industrial products company’s stock worth $872,000 after acquiring an additional 543 shares in the last quarter. Finally, Douglas Lane & Associates LLC grew its position in Stanley Black & Decker by 47.4% in the fourth quarter. Douglas Lane & Associates LLC now owns 106,850 shares of the industrial products company’s stock worth $7,937,000 after acquiring an additional 34,365 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on SWK. The Goldman Sachs Group reiterated a “neutral” rating and issued a $84.00 target price on shares of Stanley Black & Decker in a research report on Thursday, February 5th. Barclays cut their target price 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. Morgan Stanley upped their target price on shares of Stanley Black & Decker from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Citigroup boosted their price target on shares of Stanley Black & Decker from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, Argus raised shares of Stanley Black & Decker to a “hold” rating in a research note on Tuesday, February 10th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $85.56.
Check Out Our Latest Stock Report on Stanley Black & Decker
Stanley Black & Decker Price Performance
SWK stock opened at $72.17 on Monday. The company has a market cap of $11.21 billion, a P/E ratio of 27.23, a PEG ratio of 1.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.14 and a quick ratio of 0.35. Stanley Black & Decker, Inc. has a 1 year low of $55.38 and a 1 year high of $93.37. The firm has a 50-day moving average of $78.52 and a 200 day moving average of $75.06.
Stanley Black & Decker (NYSE:SWK – Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.14. Stanley Black & Decker had a net margin of 2.66% and a return on equity of 7.90%. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the prior year, the company earned $1.49 earnings per share. The business’s revenue was down 1.0% compared to the same quarter last year. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.
Stanley Black & Decker Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were given a $0.83 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $3.32 annualized dividend and a yield of 4.6%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 125.28%.
About Stanley Black & Decker
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.
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