Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 4.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 230,301 shares of the industrial products company's stock after purchasing an additional 10,170 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.15% of Stanley Black & Decker worth $21,671,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. First United Bank & Trust purchased a new position in Stanley Black & Decker during the 4th quarter valued at about $25,000. Venturi Wealth Management LLC bought a new position in shares of Stanley Black & Decker in the third quarter worth $33,000. Principal Securities Inc. bought a new stake in Stanley Black & Decker during the fourth quarter valued at $38,000. EverSource Wealth Advisors LLC grew its position in Stanley Black & Decker by 80.5% during the third quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company's stock worth $43,000 after buying an additional 231 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 87.77% of the company's stock.
Insider Buying and Selling at Stanley Black & Decker
In related news, SVP Janet Link sold 3,442 shares of the firm's stock in a transaction on Monday, May 6th. The stock was sold at an average price of $86.80, for a total value of $298,765.60. Following the transaction, the senior vice president now directly owns 32,860 shares of the company's stock, valued at approximately $2,852,248. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.50% of the stock is owned by corporate insiders.
Stanley Black & Decker Stock Up 0.4 %
Shares of traded up $0.34 during trading on Friday, hitting $90.13. The company's stock had a trading volume of 931,111 shares, compared to its average volume of 1,428,812. The company has a market capitalization of $13.87 billion, a PE ratio of -130.13, a P/E/G ratio of 2.49 and a beta of 1.33. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.40 and a current ratio of 1.09. Stanley Black & Decker, Inc. has a 52 week low of $73.87 and a 52 week high of $104.21. The company has a fifty day simple moving average of $91.56 and a two-hundred day simple moving average of $91.87.
Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.41) EPS. Equities research analysts predict that Stanley Black & Decker, Inc. will post 4.07 earnings per share for the current year.
Stanley Black & Decker Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Tuesday, June 4th. Stanley Black & Decker's payout ratio is currently -469.56%.
Wall Street Analyst Weigh In
SWK has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 6th. Wells Fargo & Company reduced their target price on Stanley Black & Decker from $98.00 to $92.00 and set an "equal weight" rating on the stock in a research note on Friday, May 3rd. Robert W. Baird cut their price objective on Stanley Black & Decker from $82.00 to $80.00 and set a "neutral" rating for the company in a report on Thursday, April 18th. Finally, Barclays dropped their target price on Stanley Black & Decker from $107.00 to $100.00 and set an "overweight" rating for the company in a research report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $97.00.
Get Our Latest Stock Report on SWK
Stanley Black & Decker Profile
(Free Report)
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.
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