Tokio Marine Asset Management Co. Ltd. Boosts Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Tokio Marine Asset Management Co. Ltd. lifted its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,405 shares of the industrial products company’s stock after buying an additional 253 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Stanley Black & Decker were worth $432,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Clean Energy Transition LLP grew its position in Stanley Black & Decker by 13.8% during the 3rd quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company’s stock worth $191,593,000 after purchasing an additional 277,507 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Stanley Black & Decker by 1.4% in the fourth quarter. Federated Hermes Inc. now owns 1,647,932 shares of the industrial products company’s stock valued at $161,662,000 after acquiring an additional 22,933 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Stanley Black & Decker by 1.4% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,527,842 shares of the industrial products company’s stock valued at $127,697,000 after acquiring an additional 20,792 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Stanley Black & Decker by 4.7% in the third quarter. Northern Trust Corp now owns 1,495,531 shares of the industrial products company’s stock valued at $124,996,000 after acquiring an additional 66,536 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in shares of Stanley Black & Decker by 6.3% in the third quarter. Schroder Investment Management Group now owns 967,276 shares of the industrial products company’s stock valued at $80,845,000 after acquiring an additional 57,121 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $89.71 on Monday. Stanley Black & Decker, Inc. has a 1 year low of $73.87 and a 1 year high of $104.21. The firm has a 50 day moving average price of $91.54 and a 200 day moving average price of $91.15. The company has a market cap of $13.80 billion, a price-to-earnings ratio of -43.13, a PEG ratio of 2.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 1.19.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the previous year, the firm earned ($0.10) earnings per share. Stanley Black & Decker’s revenue was down 6.3% compared to the same quarter last year. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 3.61%. Stanley Black & Decker’s dividend payout ratio is currently -155.77%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SWK shares. Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Barclays raised their price objective on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Robert W. Baird reduced their price objective on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $98.11.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.