Asset Management One Co. Ltd. Grows Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Asset Management One Co. Ltd. lifted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 4.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,430 shares of the industrial products company’s stock after buying an additional 2,845 shares during the period. Asset Management One Co. Ltd.’s holdings in Stanley Black & Decker were worth $4,723,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Stanley Black & Decker by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company’s stock valued at $1,540,445,000 after buying an additional 495,103 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Stanley Black & Decker by 1.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company’s stock valued at $1,478,454,000 after buying an additional 246,800 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Stanley Black & Decker by 126.5% during the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company’s stock valued at $440,424,000 after buying an additional 3,063,114 shares during the last quarter. Invesco Ltd. boosted its position in Stanley Black & Decker by 22.6% in the fourth quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company’s stock worth $332,336,000 after purchasing an additional 763,219 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Stanley Black & Decker by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company’s stock worth $312,732,000 after purchasing an additional 18,778 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wells Fargo & Company dropped 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. Barclays raised Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $69.00 to $90.00 in a research report on Tuesday, May 13th. Robert W. Baird raised their target price on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. dropped 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. Finally, UBS Group dropped 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Stanley Black & Decker currently has an average rating of “Hold” and a consensus target price of $91.10.

Stanley Black & Decker Stock Up 0.1%

NYSE SWK opened at $67.64 on Friday. The stock’s 50-day moving average price is $65.08 and its 200-day moving average price is $74.79. The company has a quick ratio of 0.36, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The company has a market capitalization of $10.46 billion, a P/E ratio of 28.07, a price-to-earnings-growth ratio of 1.76 and a beta of 1.18.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.07. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.56 EPS. On average, equities research analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

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

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.