Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.8% during the 4th quarter, Holdings Channel reports. The firm owned 111,986 shares of the industrial products company’s stock after selling 3,212 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Stanley Black & Decker were worth $8,991,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SWK. Ridgewood Investments LLC purchased a new stake in shares of Stanley Black & Decker during the fourth quarter valued at $36,000. Cape Investment Advisory Inc. lifted its position in Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 237 shares during the period. Millstone Evans Group LLC purchased a new stake in Stanley Black & Decker during the 4th quarter valued at about $40,000. SRS Capital Advisors Inc. increased its holdings in shares of Stanley Black & Decker by 61.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 199 shares during the period. Finally, Montag A & Associates Inc. purchased a new position in shares of Stanley Black & Decker in the fourth quarter worth about $44,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on SWK shares. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Thursday, December 19th. 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 note on Tuesday, January 7th. 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 target price for the company. Citigroup reduced their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, UBS Group lowered their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Stanley Black & Decker has an average rating of “Hold” and a consensus price target of $103.00.

Stanley Black & Decker Trading Up 3.1 %

Shares of SWK stock opened at $82.00 on Tuesday. The company has a market cap of $12.67 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 1.33 and a beta of 1.25. The stock has a 50 day simple moving average of $85.45 and a 200-day simple moving average of $90.63. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping 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%. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker’s payout ratio is 169.07%.

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.