Nissay Asset Management Corp Japan ADV Cuts Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Nissay Asset Management Corp Japan ADV lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,593 shares of the industrial products company’s stock after selling 1,654 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Stanley Black & Decker were worth $1,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Americana Partners LLC boosted its stake in Stanley Black & Decker by 180.5% in the fourth quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company’s stock worth $9,064,000 after buying an additional 72,637 shares in the last quarter. Avanza Fonder AB purchased a new stake in Stanley Black & Decker in the fourth quarter worth approximately $1,287,000. Cascade Investment Advisors Inc. purchased a new stake in Stanley Black & Decker in the fourth quarter worth approximately $1,076,000. Fort Washington Investment Advisors Inc. OH boosted its stake in Stanley Black & Decker by 7.3% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company’s stock worth $128,054,000 after buying an additional 109,100 shares in the last quarter. Finally, Barclays PLC boosted its stake in Stanley Black & Decker by 30.9% in the third quarter. Barclays PLC now owns 427,337 shares of the industrial products company’s stock worth $47,061,000 after buying an additional 100,894 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SWK shares. Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Barclays upgraded Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $69.00 to $90.00 in a research report on Tuesday, May 13th. Jefferies Financial Group started coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price objective for the company. Robert W. Baird boosted their price objective on Stanley Black & Decker from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Finally, UBS Group lowered their price objective on Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $91.10.

Stanley Black & Decker Price Performance

SWK opened at $71.42 on Friday. The stock has a fifty day simple moving average of $67.40 and a two-hundred day simple moving average of $79.43. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The company has a market cap of $11.05 billion, a price-to-earnings ratio of 36.81, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.73 billion. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 earnings per share. Research analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be issued a $0.82 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 4.59%. Stanley Black & Decker’s dividend payout ratio (DPR) is 136.10%.

Stanley Black & Decker Company 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.