Meiji Yasuda Asset Management Co Ltd. Sells 3,212 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Meiji Yasuda Asset Management Co Ltd. cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 111,986 shares of the industrial products company’s stock after selling 3,212 shares during the quarter. Meiji Yasuda Asset Management Co Ltd. owned 0.07% of Stanley Black & Decker worth $8,991,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SWK. Americana Partners LLC increased its holdings in shares of Stanley Black & Decker by 180.5% in the 4th quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company’s stock worth $9,064,000 after buying an additional 72,637 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in Stanley Black & Decker during the fourth quarter worth approximately $1,386,000. Avanza Fonder AB purchased a new stake in Stanley Black & Decker during the fourth quarter valued at approximately $1,287,000. State Street Corp lifted its stake in shares of Stanley Black & Decker by 6.5% in the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after purchasing an additional 549,531 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Stanley Black & Decker by 40.8% in the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after purchasing an additional 267,723 shares during the period. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Up 3.1 %

SWK opened at $82.00 on Tuesday. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. The stock has a fifty day moving average price of $85.45 and a 200-day moving average price of $90.63. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 1.33 and a beta of 1.25. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64.

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

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio is currently 169.07%.

Analyst Ratings Changes

A number of analysts recently issued reports on SWK shares. Barclays lowered their price target on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research report on Thursday, December 19th. UBS Group dropped their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Finally, Citigroup reduced their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Stanley Black & Decker has an average rating of “Hold” and an average price target of $103.00.

Stanley Black & Decker 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.