Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 429,129 shares of the industrial products company's stock after selling 28,699 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.28% of Stanley Black & Decker worth $34,455,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Americana Partners LLC increased its stake in Stanley Black & Decker by 180.5% during the fourth quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company's stock worth $9,064,000 after acquiring an additional 72,637 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Stanley Black & Decker in the fourth quarter valued at approximately $1,386,000. Avanza Fonder AB acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at $1,287,000. State Street Corp grew its stake in Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company's stock worth $998,107,000 after purchasing an additional 549,531 shares in the last quarter. Finally, FMR LLC increased its holdings in Stanley Black & Decker by 40.8% during the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company's stock worth $101,663,000 after purchasing an additional 267,723 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have recently commented on SWK. Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Barclays dropped their price objective on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They set a "buy" rating and a $103.00 price objective for the company. Mizuho raised Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 target price on the stock in a report on Thursday, December 19th. Finally, UBS Group decreased their price target on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $102.20.

Stanley Black & Decker Stock Performance

Shares of SWK traded up $0.37 during mid-day trading on Wednesday, reaching $76.51. 597,383 shares of the company's stock were exchanged, compared to its average volume of 1,776,359. The business's fifty day simple moving average is $84.67 and its 200-day simple moving average is $89.78. Stanley Black & Decker, Inc. has a 52-week low of $74.31 and a 52-week high of $110.88. The stock has a market capitalization of $11.82 billion, a PE ratio of 39.44, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37.

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

Stanley Black & Decker Dividend Announcement

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

Stanley Black & Decker Company 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 Outdoor and Industrial segments.