Sky Investment Group LLC acquired Stanley Black & Decker, Inc. in the fourth quarter of this year. reduced its position by 9.6%, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Institutional investors once had about 46,300 shares of the industrial product company, but recently, as more than 4,400 shares were sold during this period, they have only 41,863 shares. As a result of these events, Sky Investment Group LLC’s holdings in Stanley Black & Decker were now worth $3,145,000 as of its most up-to-date SEC filing.
The company also announced the quarterly dividend of last month on Tuesday 21st of Chait. This dividend was distributed to investors of record as shareholders on Tuesday, March 7th; Each received a payment of $0.80 per share purchased from the company. The annual return for this dividend was $3.20 per share with a dividend yield of approximately 4.31%. The shareholders who sold their shares before Monday, Chait 6, have not received any dividend earned during the mentioned period.
Stanley Black & Decker currently boasts an impressive payout ratio – at a time when many companies are still struggling to stay financially stable in uncertain economic times – which amounts to approximately 47.13%. This means that for every dollar earned by shareholders, roughly half will be returned through share price appreciation or regular dividend payments.
In other recent news regarding Stanley Black & Decker, SVP Janet Link sold more than 2,500 shares of the firm’s stock in February of this year with an estimated total value of more than $221k at an average price of $85.73 per share per day. Himself – Tuesday February 28th. Following his transaction he now owns approximately thirty-six thousand shares with a value of approximately $3,116,457. It is important to note that the transaction was filed in compliance with legal standards and regulations at that time. Including the sale of Ms. Link’s stake, Stanley Black & Decker insiders now own 0.50% of the company’s stock holdings.
Today, Stanley Black & Decker operates as a diversified global industrial company and is empowered to deliver an array of innovative solutions to commercial, industrial and residential customers worldwide. Their operations are spread across the globe trading under the NYSE label “SWK” and expect further growth in value in the coming years.
Institutional investors continue to show interest in Stanley Black & Decker amid a positive outlook
Stanley Black & Decker continues to attract institutional investors
Investment firms are optimistic about Stanley Black & Decker, as more and more investors continue to add or reduce their stake in the company. Institutional investors, who account for 88.01 percent of the company’s share ownership, have been bullish on Stanley Black & Decker over the past year. Price T Rowe Associates Inc. MD, Vanguard Group Inc., Mitsubishi UFJ Kokusai Asset Management Co. Ltd., Renaissance Technologies LLC and State Street Corp are among the investors that increased their holdings in Stanley Black & Decker.
Analysts are also keeping a close eye on stock market activity. Recently, 13 equities research analysts have rated Stanley Black & Decker with a hold rating while two have assigned a buy rating to the stock. The consensus price target is $98.75.
The company recently declared a quarterly dividend of $0.80 per share that was paid to shareholders of record on Tuesday, March 21st as of Tuesday, March 7th. Based on this dividend payment, Stanley Black & Decker now has an annual dividend of $3.20 and a dividend yield of 4.31%.
The industrial products company reported ($0.10) EPS for Q4 2022, but beat analysts’ consensus estimates by $0.23 on revenue of $4 billion, compared to expectations of $3.88 billion.
Shares in Stanley Black & Decker continue to trade at $74.29 but investment firms may take note of recent positive announcements from the company’s earnings report.
With institutional investor support and increased attention from equity research analysts, there are promising signs that optimism for Stanley Black & Decker will continue to grow in 2023 as earnings results accelerate. A positive outlook from equity analysts and institutional investors may provide more. Full year momentum ahead for this strong-performing industrial products company.