Mitsubishi UFJ Trust & Banking Corp Buys 26,430 Shares of Stanley Black & Decker, Inc. $SWK

Mitsubishi UFJ Trust & Banking Corp boosted its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 704.0% in the third quarter, HoldingsChannel reports. The firm owned 30,184 shares of the industrial products company’s stock after acquiring an additional 26,430 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Stanley Black & Decker were worth $2,244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SWK. Princeton Global Asset Management LLC bought a new stake in shares of Stanley Black & Decker in the second quarter worth $25,000. Chapman Financial Group LLC purchased a new position in Stanley Black & Decker in the second quarter worth about $26,000. CYBER HORNET ETFs LLC bought a new stake in shares of Stanley Black & Decker during the 2nd quarter valued at about $28,000. Hanson & Doremus Investment Management purchased a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at about $30,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Stanley Black & Decker in the 2nd quarter worth approximately $31,000. 87.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, January 21st. Robert W. Baird raised their target price on Stanley Black & Decker from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, December 23rd. Wells Fargo & Company boosted their price target on Stanley Black & Decker from $75.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Finally, Morgan Stanley set a $88.00 price objective on Stanley Black & Decker in a research note on Monday, December 22nd. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $87.33.

Stanley Black & Decker Trading Down 0.6%

Shares of SWK opened at $78.66 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.11 and a quick ratio of 0.35. The firm has a market cap of $12.18 billion, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 1.09 and a beta of 1.20. The company has a 50 day simple moving average of $76.66 and a two-hundred day simple moving average of $73.33. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $90.75.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.19 by $0.24. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.77 billion. Stanley Black & Decker had a net margin of 2.89% and a return on equity of 8.10%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.22 EPS. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.650 EPS. On average, equities analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

About Stanley Black & Decker

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.