Dai ichi Life Insurance Company Ltd Invests $617,000 in Stanley Black & Decker, Inc. (NYSE:SWK)

Dai ichi Life Insurance Company Ltd bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,601 shares of the industrial products company's stock, valued at approximately $617,000.

Several other hedge funds have also recently bought and sold shares of SWK. Bank of Montreal Can raised its position in Stanley Black & Decker by 64.3% in the third quarter. Bank of Montreal Can now owns 298,266 shares of the industrial products company's stock valued at $32,726,000 after purchasing an additional 116,754 shares during the period. Acorn Wealth Advisors LLC purchased a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at about $216,000. Whetstone Capital Advisors LLC acquired a new position in Stanley Black & Decker during the 3rd quarter worth approximately $216,000. Boston Family Office LLC purchased a new position in Stanley Black & Decker in the 3rd quarter worth approximately $229,000. Finally, DRW Securities LLC acquired a new stake in Stanley Black & Decker in the third quarter valued at approximately $207,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. StockNews.com cut Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Robert W. Baird lowered their price objective on Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. Morgan Stanley cut their target price on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 30th. Finally, Barclays lifted their price target on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $102.29.

Stanley Black & Decker Stock Down 0.4 %

SWK traded down $0.32 during trading hours on Friday, hitting $89.45. 523,987 shares of the stock were exchanged, compared to its average volume of 1,447,207. The stock has a 50-day simple moving average of $99.00 and a 200-day simple moving average of $93.81. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.05 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The company's quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 EPS. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders 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 dividend yield of 3.67%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker's payout ratio is -239.42%.

Stanley Black & Decker Company 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.