Daiwa Securities Group Inc. Boosts Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Daiwa Securities Group Inc. grew its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,622 shares of the industrial products company’s stock after acquiring an additional 2,010 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Stanley Black & Decker were worth $2,822,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. SevenBridge Financial Group LLC lifted its stake in Stanley Black & Decker by 3.3% in the third quarter. SevenBridge Financial Group LLC now owns 10,158 shares of the industrial products company’s stock worth $1,119,000 after purchasing an additional 322 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Stanley Black & Decker by 88.5% during the third quarter. Larson Financial Group LLC now owns 4,301 shares of the industrial products company’s stock valued at $474,000 after acquiring an additional 2,019 shares in the last quarter. Sompo Asset Management Co. Ltd. boosted its holdings in shares of Stanley Black & Decker by 14.2% in the third quarter. Sompo Asset Management Co. Ltd. now owns 85,043 shares of the industrial products company’s stock valued at $9,366,000 after purchasing an additional 10,580 shares during the period. Swedbank AB increased its holdings in Stanley Black & Decker by 3.0% during the 3rd quarter. Swedbank AB now owns 110,147 shares of the industrial products company’s stock worth $12,130,000 after purchasing an additional 3,236 shares during the period. Finally, Cerity Partners LLC raised its position in Stanley Black & Decker by 106.3% during the 3rd quarter. Cerity Partners LLC now owns 34,463 shares of the industrial products company’s stock valued at $3,795,000 after purchasing an additional 17,756 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on SWK. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Robert W. Baird dropped their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. UBS Group boosted their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group increased their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, Barclays boosted their price target on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $102.29.

Stanley Black & Decker Stock Up 0.3 %

Stanley Black & Decker stock opened at $89.77 on Thursday. The business has a fifty day moving average price of $99.36 and a 200-day moving average price of $93.84. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88. The stock has a market capitalization of $13.84 billion, a price-to-earnings ratio of -65.53, a PEG ratio of 2.50 and a beta of 1.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.05 earnings per share. Equities research analysts forecast that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio is presently -239.42%.

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.