Sumitomo Mitsui DS Asset Management Company Ltd Boosts Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 13.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,743 shares of the industrial products company’s stock after buying an additional 2,534 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Stanley Black & Decker were worth $2,395,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SWK. UMB Bank n.a. lifted its stake in Stanley Black & Decker by 4.7% in the 3rd quarter. UMB Bank n.a. now owns 2,118 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 96 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Stanley Black & Decker by 0.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company’s stock valued at $1,055,000 after buying an additional 100 shares during the period. Rise Advisors LLC grew its position in Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after buying an additional 133 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Stanley Black & Decker by 27.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 660 shares of the industrial products company’s stock worth $73,000 after acquiring an additional 141 shares during the last quarter. Finally, Copperwynd Financial LLC raised its holdings in shares of Stanley Black & Decker by 7.1% in the 2nd quarter. Copperwynd Financial LLC now owns 2,316 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 153 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $105.68 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27. Stanley Black & Decker, Inc. has a fifty-two week low of $76.57 and a fifty-two week high of $110.88. The company has a market capitalization of $16.27 billion, a P/E ratio of -54.47, a PEG ratio of 2.83 and a beta of 1.24. The stock has a 50 day moving average price of $103.04 and a two-hundred day moving average price of $93.44.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.25. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.11) EPS. Analysts expect that Stanley Black & Decker, Inc. will post 4.18 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a $0.82 dividend. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -169.07%.

Wall Street Analyst Weigh In

SWK has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. UBS Group raised their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley initiated coverage on Stanley Black & Decker in a research report on Friday, September 6th. They set an “equal weight” rating and a $107.00 price target on the stock. Wells Fargo & Company cut their price objective on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Finally, Robert W. Baird boosted their target price on Stanley Black & Decker from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $106.13.

Insider Activity

In related news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the sale, the senior vice president now owns 31,960 shares in the company, valued at $3,320,963.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.50% of the company’s stock.

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.