Asahi Life Asset Management CO. LTD. Purchases Shares of 3,400 Stanley Black & Decker, Inc. (NYSE:SWK)

Asahi Life Asset Management CO. LTD. acquired a new position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,400 shares of the industrial products company's stock, valued at approximately $273,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Empirical Finance LLC increased its holdings in shares of Stanley Black & Decker by 2.1% in the third quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company's stock worth $581,000 after acquiring an additional 111 shares in the last quarter. Advisors Management Group Inc. ADV increased its stake in Stanley Black & Decker by 3.2% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company's stock worth $421,000 after acquiring an additional 117 shares during the period. MML Investors Services LLC boosted its holdings in shares of Stanley Black & Decker by 0.8% in the 3rd quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company's stock valued at $1,740,000 after purchasing an additional 127 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Stanley Black & Decker by 1.4% during the third quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company's stock valued at $1,039,000 after purchasing an additional 130 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Stanley Black & Decker by 0.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company's stock valued at $1,758,000 after buying an additional 149 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

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Stanley Black & Decker Stock Performance

SWK traded up $0.68 on Thursday, reaching $84.31. The company had a trading volume of 846,486 shares, compared to its average volume of 1,799,537. The stock has a market capitalization of $13.02 billion, a PE ratio of 43.42, a P/E/G ratio of 1.33 and a beta of 1.24. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The stock has a 50-day moving average price of $85.01 and a 200-day moving average price of $92.26. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping 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 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.82 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 3.89%. Stanley Black & Decker's dividend payout ratio is currently 169.07%.

Analysts Set New Price Targets

Several analysts have recently commented on SWK shares. Wells Fargo & Company reduced their target price on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Barclays reduced their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 8th. Citigroup dropped their price objective on shares of 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 shares of Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price target for the company in a research note on Thursday, December 19th. Finally, UBS Group lowered their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, 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 Storage segment, and Industrial segment.