Stanley Black & Decker, Inc. (NYSE:SWK) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 29.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,589 shares of the industrial products company’s stock after buying an additional 4,472 shares during the period. Daiwa Securities Group Inc.’s holdings in Stanley Black & Decker were worth $1,922,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new stake in Stanley Black & Decker in the 3rd quarter worth about $33,000. EverSource Wealth Advisors LLC raised its holdings in shares of Stanley Black & Decker by 80.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 231 shares during the period. Headlands Technologies LLC purchased a new position in shares of Stanley Black & Decker in the 3rd quarter worth about $44,000. ING Groep NV purchased a new position in shares of Stanley Black & Decker in the 3rd quarter worth about $45,000. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Stanley Black & Decker by 41.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 160 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SWK shares. JPMorgan Chase & Co. cut their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Robert W. Baird dropped their target price on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Wells Fargo & Company dropped their target price on 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. Finally, Barclays raised their target price on Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $98.11.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $89.36 on Tuesday. Stanley Black & Decker, Inc. has a fifty-two week low of $73.87 and a fifty-two week high of $104.21. The business has a 50 day moving average price of $91.43 and a two-hundred day moving average price of $90.89. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67. The firm has a market cap of $13.74 billion, a PE ratio of -42.96, a price-to-earnings-growth ratio of 2.41 and a beta of 1.34.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.73 by $0.19. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.84 billion. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The business’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.10) EPS. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were given a $0.81 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $3.24 annualized dividend and a dividend yield of 3.63%. Stanley Black & Decker’s payout ratio is -155.77%.

Stanley Black & Decker Profile

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.