Mitsubishi UFJ Asset Management Co. Ltd. Buys 27,426 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 11.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 257,727 shares of the industrial products company’s stock after purchasing an additional 27,426 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.17% of Stanley Black & Decker worth $25,239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new position in Stanley Black & Decker in the 4th quarter worth about $133,952,000. International Assets Investment Management LLC raised its position in shares of Stanley Black & Decker by 9,029.0% in the fourth quarter. International Assets Investment Management LLC now owns 421,304 shares of the industrial products company’s stock worth $41,330,000 after buying an additional 416,689 shares in the last quarter. Kodai Capital Management LP bought a new stake in Stanley Black & Decker during the fourth quarter valued at $32,679,000. Price T Rowe Associates Inc. MD increased its stake in Stanley Black & Decker by 1.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,159,917 shares of the industrial products company’s stock worth $1,683,389,000 after acquiring an additional 279,866 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in shares of Stanley Black & Decker in the 4th quarter valued at about $12,992,000. Institutional investors own 87.77% of the company’s stock.

Insider Activity at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $86.80, for a total transaction of $298,765.60. Following the sale, the senior vice president now directly owns 32,860 shares in the company, valued at approximately $2,852,248. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on SWK. Wells Fargo & Company cut their price target on shares of Stanley Black & Decker from $92.00 to $85.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Robert W. Baird lowered their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Finally, Barclays cut Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $100.00 to $86.00 in a report on Tuesday, June 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and an average price target of $94.67.

Stanley Black & Decker Trading Down 2.4 %

Shares of NYSE SWK traded down $2.14 during midday trading on Thursday, hitting $87.37. 1,762,971 shares of the company traded hands, compared to its average volume of 1,408,927. Stanley Black & Decker, Inc. has a 12-month low of $76.26 and a 12-month high of $104.21. The firm has a market cap of $13.44 billion, a P/E ratio of -129.72, a P/E/G ratio of 2.52 and a beta of 1.25. The stock has a 50-day moving average price of $85.03 and a 200 day moving average price of $89.53. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.40 and a current ratio of 1.09.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned ($0.41) earnings per share. As a group, analysts expect that Stanley Black & Decker, Inc. will post 3.97 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Tuesday, June 4th. Stanley Black & Decker’s payout ratio is -469.56%.

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.