Asset Management One Co. Ltd. Purchases 2,845 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Asset Management One Co. Ltd. grew its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,430 shares of the industrial products company’s stock after acquiring an additional 2,845 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Stanley Black & Decker were worth $4,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp increased its stake in Stanley Black & Decker by 0.4% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 71,949 shares of the industrial products company’s stock worth $5,777,000 after acquiring an additional 269 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Stanley Black & Decker in the 1st quarter worth approximately $245,000. Wellington Management Group LLP increased its stake in Stanley Black & Decker by 14.0% in the 4th quarter. Wellington Management Group LLP now owns 9,673 shares of the industrial products company’s stock worth $777,000 after acquiring an additional 1,188 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in Stanley Black & Decker by 14.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 2,697 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 337 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Stanley Black & Decker by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 18,051 shares of the industrial products company’s stock worth $1,387,000 after acquiring an additional 475 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SWK shares. JPMorgan Chase & Co. cut their target price on Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating on the stock in a research report on Monday, May 5th. Barclays raised Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $69.00 to $90.00 in a research report on Tuesday, May 13th. UBS Group cut their target price on Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Wells Fargo & Company cut their target price on Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 1st. Finally, Robert W. Baird boosted their target price on Stanley Black & Decker from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and a consensus target price of $91.10.

Stanley Black & Decker Price Performance

SWK opened at $67.64 on Friday. The business has a fifty day moving average of $65.08 and a 200 day moving average of $74.79. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88. The company has a quick ratio of 0.36, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. The stock has a market cap of $10.46 billion, a P/E ratio of 28.07, a PEG ratio of 1.76 and a beta of 1.18.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the previous year, the business earned $0.56 EPS. Stanley Black & Decker’s revenue was down 3.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.85%. The ex-dividend date was Tuesday, June 3rd. Stanley Black & Decker’s dividend payout ratio is 136.10%.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.