Nomura Asset Management Co. Ltd. Has $50.42 Million Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Nomura Asset Management Co. Ltd. raised its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 9.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 457,828 shares of the industrial products company's stock after acquiring an additional 40,976 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.30% of Stanley Black & Decker worth $50,421,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rise Advisors LLC lifted its holdings in Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company's stock worth $29,000 after purchasing an additional 133 shares during the period. AlphaMark Advisors LLC bought a new position in shares of Stanley Black & Decker in the second quarter valued at approximately $32,000. EverSource Wealth Advisors LLC increased its stake in shares of Stanley Black & Decker by 81.4% during the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 237 shares during the period. Waldron Private Wealth LLC bought a new stake in Stanley Black & Decker during the third quarter worth approximately $59,000. Finally, Armstrong Advisory Group Inc. acquired a new stake in Stanley Black & Decker in the third quarter worth approximately $72,000. Institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

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

Stanley Black & Decker Stock Down 2.2 %

NYSE:SWK traded down $1.90 during trading hours on Tuesday, hitting $83.90. 1,745,564 shares of the stock traded hands, compared to its average volume of 1,464,117. The firm has a market cap of $12.93 billion, a price-to-earnings ratio of -61.24, a PEG ratio of 2.28 and a beta of 1.23. The firm has a 50 day moving average price of $96.05 and a 200 day moving average price of $93.75. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88.

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

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.91%. Stanley Black & Decker's dividend payout ratio (DPR) is currently -239.42%.

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.