Stanley Black & Decker, Inc. (NYSE:SWK) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. boosted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 5.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,947 shares of the industrial products company’s stock after purchasing an additional 245 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Stanley Black & Decker were worth $545,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC grew its position in shares of 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. AlphaMark Advisors LLC acquired a new position in Stanley Black & Decker during the 2nd quarter worth $32,000. EverSource Wealth Advisors LLC increased its position in shares of Stanley Black & Decker by 81.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 237 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Stanley Black & Decker during the second quarter worth about $56,000. Finally, Waldron Private Wealth LLC acquired a new position in Stanley Black & Decker in the third quarter worth about $59,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

SWK stock opened at $85.45 on Friday. The company has a 50-day simple moving average of $101.22 and a 200 day simple moving average of $93.78. The company has a market capitalization of $13.17 billion, a P/E ratio of -62.37, a PEG ratio of 2.32 and a beta of 1.25. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The business had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same period last year, the firm posted $1.05 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.84%. Stanley Black & Decker’s dividend payout ratio (DPR) is -239.42%.

Wall Street Analyst Weigh In

A number of research firms have commented on SWK. UBS Group increased their target price on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird decreased their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. The Goldman Sachs Group lifted their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $102.29.

Stanley Black & Decker Company 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.