Resona Asset Management Co. Ltd. Purchases Shares of 60,435 Stanley Black & Decker, Inc. (NYSE:SWK)

Resona Asset Management Co. Ltd. bought a new position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 60,435 shares of the industrial products company's stock, valued at approximately $4,859,000.

Several other hedge funds have also made changes to their positions in SWK. Wells Fargo & Company MN increased its position in shares of Stanley Black & Decker by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company's stock worth $312,732,000 after acquiring an additional 18,778 shares in the last quarter. Systematic Alpha Investments LLC bought a new stake in Stanley Black & Decker during the fourth quarter worth approximately $424,000. Landscape Capital Management L.L.C. boosted its position in shares of Stanley Black & Decker by 15.2% during the 4th quarter. Landscape Capital Management L.L.C. now owns 11,413 shares of the industrial products company's stock valued at $916,000 after purchasing an additional 1,508 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Stanley Black & Decker by 22.2% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,985 shares of the industrial products company's stock worth $159,000 after acquiring an additional 360 shares in the last quarter. Finally, Allen Wealth Management LLC boosted its position in shares of Stanley Black & Decker by 3.5% in the 4th quarter. Allen Wealth Management LLC now owns 17,780 shares of the industrial products company's stock valued at $1,428,000 after purchasing an additional 601 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Up 2.4 %

Shares of SWK traded up $1.40 during trading hours on Monday, hitting $60.41. 318,731 shares of the company were exchanged, compared to its average volume of 1,730,284. The firm's 50 day moving average is $79.49 and its 200-day moving average is $86.82. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The company has a market cap of $9.34 billion, a PE ratio of 31.14, a PEG ratio of 1.33 and a beta of 1.14.

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 earnings per share (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%. On average, equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker's payout ratio is currently 169.07%.

Analyst Ratings Changes

SWK has been the topic of several analyst reports. Citigroup dropped their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. UBS Group dropped their price target on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Barclays lowered their target price on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price objective on the stock. Finally, Wells Fargo & Company cut their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Stanley Black & Decker currently has a consensus rating of "Hold" and an average target price of $102.20.

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 Outdoor and Industrial segments.