Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 296,257 shares of the industrial products company’s stock after acquiring an additional 667 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.19% of Stanley Black & Decker worth $23,926,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SWK. Korea Investment CORP lifted its position in Stanley Black & Decker by 90.8% during the 4th quarter. Korea Investment CORP now owns 136,694 shares of the industrial products company’s stock worth $10,975,000 after acquiring an additional 65,039 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Stanley Black & Decker during the fourth quarter worth approximately $55,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Stanley Black & Decker by 0.4% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 71,949 shares of the industrial products company’s stock worth $5,777,000 after purchasing an additional 269 shares during the period. TIAA Trust National Association increased its stake in Stanley Black & Decker by 24.2% in the 4th quarter. TIAA Trust National Association now owns 4,716 shares of the industrial products company’s stock valued at $379,000 after buying an additional 918 shares during the period. Finally, Vanguard Group Inc. raised its position in Stanley Black & Decker by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company’s stock worth $1,540,445,000 after buying an additional 495,103 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

SWK has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. UBS Group dropped their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Citigroup reduced their price target on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a report on Thursday, February 6th. 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 report on Thursday, December 19th. Finally, Jefferies Financial Group initiated coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price for the company. 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $102.20.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $76.46 on Monday. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $85.03 and its 200 day moving average price is $90.10. Stanley Black & Decker, Inc. has a 52 week low of $76.25 and a 52 week high of $110.88. The stock has a market cap of $11.82 billion, a price-to-earnings ratio of 39.41, a PEG ratio of 1.33 and a beta of 1.25.

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, research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders 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 dividend yield of 4.29%. Stanley Black & Decker’s dividend payout ratio is currently 169.07%.

About Stanley Black & Decker

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.