Mitsubishi UFJ Asset Management Co. Ltd. Raises Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 296,257 shares of the industrial products company’s stock after purchasing an additional 667 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Stanley Black & Decker were worth $23,926,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans lifted its holdings in shares of Stanley Black & Decker by 29.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 8,424 shares of the industrial products company’s stock worth $927,000 after acquiring an additional 1,933 shares during the period. FMR LLC raised its stake in Stanley Black & Decker by 40.8% during the third quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after purchasing an additional 267,723 shares during the period. Glenmede Trust Co. NA boosted its holdings in shares of Stanley Black & Decker by 7.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,700 shares of the industrial products company’s stock valued at $1,068,000 after purchasing an additional 639 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Stanley Black & Decker by 1.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,412 shares of the industrial products company’s stock valued at $8,856,000 after buying an additional 1,518 shares during the period. Finally, Public Sector Pension Investment Board increased its holdings in shares of Stanley Black & Decker by 13.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,682 shares of the industrial products company’s stock worth $736,000 after buying an additional 800 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SWK has been the subject of a number of research reports. UBS Group lowered their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Wells Fargo & Company decreased their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. 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 report on Thursday, February 6th. Barclays decreased their price objective on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. Finally, Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price on the stock. One investment 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $102.20.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $76.46 on Monday. The company’s fifty day moving average price is $85.03 and its two-hundred day moving average price is $90.10. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The firm has a market capitalization of $11.82 billion, a P/E ratio of 39.41, a P/E/G ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a 12 month low of $76.25 and a 12 month high of $110.88.

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

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.82 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 4.29%. Stanley Black & Decker’s dividend payout ratio (DPR) is 169.07%.

About Stanley Black & Decker

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.