Sompo Asset Management Co. Ltd. Cuts Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Sompo Asset Management Co. Ltd. lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 11.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,403 shares of the industrial products company’s stock after selling 9,640 shares during the quarter. Stanley Black & Decker accounts for about 1.0% of Sompo Asset Management Co. Ltd.’s investment portfolio, making the stock its 25th largest holding. Sompo Asset Management Co. Ltd.’s holdings in Stanley Black & Decker were worth $6,054,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Pinebridge Investments L.P. acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $8,713,000. Price T Rowe Associates Inc. MD raised its stake 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 purchasing an additional 246,800 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Stanley Black & Decker by 93.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,009 shares of the industrial products company’s stock worth $1,044,000 after purchasing an additional 6,281 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of Stanley Black & Decker by 1.9% in the fourth quarter. MetLife Investment Management LLC now owns 40,792 shares of the industrial products company’s stock valued at $3,275,000 after purchasing an additional 768 shares during the period. Finally, Norinchukin Bank The increased its stake in Stanley Black & Decker by 3.8% during the 4th quarter. Norinchukin Bank The now owns 6,166 shares of the industrial products company’s stock worth $495,000 after buying an additional 228 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $58.42 on Wednesday. The company has a market cap of $9.03 billion, a P/E ratio of 30.11, a PEG ratio of 1.33 and a beta of 1.14. The business has a 50 day moving average of $75.52 and a two-hundred day moving average of $84.50. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. As a group, analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were given a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 5.61%. Stanley Black & Decker’s dividend payout ratio is presently 169.07%.

Analysts Set New Price Targets

SWK has been the subject of a number of analyst reports. Jefferies Financial Group began coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target for the company. UBS Group cut their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Citigroup reduced their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company cut their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Barclays decreased their price target on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $102.20.

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.