State Street Corp. Maintains Passive Stake in Stanley Black & Decker
Ticker: SWK · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 93556
| Field | Detail |
|---|---|
| Company | Stanley Black & Decker, Inc. (SWK) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amended-filing, passive-investment
TL;DR
**State Street Corp. still owns a chunk of Stanley Black & Decker, business as usual.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 29, 2024, disclosing its ownership of Stanley Black & Decker Inc. common stock as of December 31, 2023. This filing indicates that State Street Corporation holds a significant, but passive, stake in Stanley Black & Decker. For investors, this means a large institutional investor continues to see value in the company, potentially signaling stability, but it doesn't suggest any active management changes or immediate catalysts.
Why It Matters
This filing confirms a major institutional investor's continued confidence in Stanley Black & Decker, which can be a positive signal for other investors, but it doesn't indicate any new strategic moves.
Risk Assessment
Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate risks or significant changes for Stanley Black & Decker.
Analyst Insight
An investor should view this as a routine disclosure from a large institutional holder, confirming their continued passive investment. It doesn't signal any immediate need for action but reinforces that a major player still holds the stock.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Stanley Black & Decker Inc. (company) — the subject company whose stock is being reported
- 04-2456637 (number) — State Street Corporation's IRS Identification No.
- 854502101 (number) — the CUSIP number for Stanley Black & Decker Inc. common stock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amended Schedule 13G filing under the Securities Exchange Act of 1934, as stated in the filing's header and body.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, as explicitly stated on page 2 of 5, item 1: 'NAME OF REPORTING PERSON: STATE STREET CORPORATION'.
What is the subject company whose securities are being reported?
The subject company is STANLEY BLACK & DECKER INC, as indicated in the 'NAME OF ISSUER' section on page 1 of the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the common stock of Stanley Black & Decker Inc. is 854502101, as listed on page 1 and page 2 of the filing.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on page 1 of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding STANLEY BLACK & DECKER, INC. (SWK).