Asahi Life Asset Management CO. LTD. Acquires New Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Asahi Life Asset Management CO. LTD. acquired a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,400 shares of the industrial products company’s stock, valued at approximately $273,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. First Trust Direct Indexing L.P. bought a new stake in Stanley Black & Decker during the third quarter valued at $367,000. Stephens Inc. AR boosted its position in Stanley Black & Decker by 54.8% during the third quarter. Stephens Inc. AR now owns 8,556 shares of the industrial products company’s stock valued at $942,000 after acquiring an additional 3,029 shares during the last quarter. Allen Wealth Management LLC boosted its position in Stanley Black & Decker by 5.2% during the third quarter. Allen Wealth Management LLC now owns 17,179 shares of the industrial products company’s stock valued at $1,892,000 after acquiring an additional 846 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Stanley Black & Decker by 5.1% during the third quarter. Janney Montgomery Scott LLC now owns 218,982 shares of the industrial products company’s stock valued at $24,117,000 after acquiring an additional 10,621 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Stanley Black & Decker by 227.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 67,021 shares of the industrial products company’s stock valued at $7,381,000 after acquiring an additional 46,544 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $86.47 on Monday. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The stock has a market cap of $13.35 billion, a price-to-earnings ratio of 44.57, a PEG ratio of 1.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The firm’s 50-day simple moving average is $84.90 and its 200 day simple moving average is $92.52.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. As a group, research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be paid a $0.82 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 3.79%. Stanley Black & Decker’s dividend payout ratio (DPR) is 169.07%.

Analyst Upgrades and Downgrades

SWK has been the topic of a number of research analyst reports. Citigroup cut their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Barclays cut their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. UBS Group cut their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $103.00.

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 Storage segment, and Industrial segment.