Meiji Yasuda Asset Management Co Ltd. Cuts Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Meiji Yasuda Asset Management Co Ltd. reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,986 shares of the industrial products company's stock after selling 3,212 shares during the quarter. Meiji Yasuda Asset Management Co Ltd. owned about 0.07% of Stanley Black & Decker worth $8,991,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Ridgewood Investments LLC bought a new position in shares of Stanley Black & Decker during the fourth quarter worth approximately $36,000. Cape Investment Advisory Inc. increased its stake in Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock worth $37,000 after acquiring an additional 237 shares during the period. Millstone Evans Group LLC acquired a new position in Stanley Black & Decker in the 4th quarter valued at $40,000. SRS Capital Advisors Inc. lifted its position in shares of Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 199 shares during the period. Finally, Montag A & Associates Inc. acquired a new stake in shares of Stanley Black & Decker during the 4th quarter worth $44,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SWK shares. Barclays cut their price objective on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday. Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. UBS Group reduced their target price on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Citigroup reduced their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Finally, Jefferies Financial Group assumed coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a "buy" rating and a $103.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $102.20.

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Stanley Black & Decker Trading Down 1.5 %

NYSE:SWK traded down $1.17 on Friday, reaching $76.54. 1,025,970 shares of the stock traded hands, compared to its average volume of 1,577,875. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of 39.43, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 1-year low of $76.34 and a 1-year high of $110.88. The company's 50 day moving average is $85.19 and its 200-day moving average is $90.34.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 4.29%. Stanley Black & Decker's payout ratio is 169.07%.

About Stanley Black & Decker

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.