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

Daiwa Securities Group Inc. grew its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.8% during the 4th quarter, HoldingsChannel reports. The fund owned 25,839 shares of the industrial products company’s stock after purchasing an additional 217 shares during the period. Daiwa Securities Group Inc.’s holdings in Stanley Black & Decker were worth $2,075,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp raised its stake in shares of Stanley Black & Decker by 6.5% in the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after acquiring an additional 549,531 shares during the period. Geode Capital Management LLC raised its stake in shares of Stanley Black & Decker by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock valued at $392,882,000 after acquiring an additional 35,100 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Stanley Black & Decker by 8.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock valued at $326,960,000 after acquiring an additional 235,106 shares during the period. Clean Energy Transition LLP raised its stake in shares of Stanley Black & Decker by 49.0% in the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after acquiring an additional 652,780 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of Stanley Black & Decker by 7.3% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company’s stock valued at $128,054,000 after acquiring an additional 109,100 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $81.07 on Friday. The firm has a market capitalization of $12.52 billion, a P/E ratio of 41.79, a PEG ratio of 1.33 and a beta of 1.25. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average price of $85.48 and a 200 day moving average price of $91.57. Stanley Black & Decker, Inc. has a 52 week low of $77.70 and a 52 week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data 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%. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s payout ratio is currently 169.07%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SWK shares. Barclays reduced their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Citigroup cut their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company cut their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. UBS Group cut their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They set a “buy” rating and a $103.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.