Sompo Asset Management Co. Ltd. Lowers Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Sompo Asset Management Co. Ltd. lowered its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 11.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,403 shares of the industrial products company's stock after selling 9,640 shares during the quarter. Stanley Black & Decker accounts for 1.0% of Sompo Asset Management Co. Ltd.'s holdings, making the stock its 25th largest holding. Sompo Asset Management Co. Ltd.'s holdings in Stanley Black & Decker were worth $6,054,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Americana Partners LLC raised its position in Stanley Black & Decker by 180.5% in the fourth quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company's stock valued at $9,064,000 after purchasing an additional 72,637 shares during the period. Harbor Capital Advisors Inc. acquired a new position in Stanley Black & Decker during the 4th quarter worth about $1,386,000. Avanza Fonder AB purchased a new position in Stanley Black & Decker during the 4th quarter valued at about $1,287,000. Franklin Resources Inc. grew its position in Stanley Black & Decker by 12.6% in the 3rd quarter. Franklin Resources Inc. now owns 168,099 shares of the industrial products company's stock valued at $18,298,000 after acquiring an additional 18,776 shares in the last quarter. Finally, Cascade Investment Advisors Inc. purchased a new stake in Stanley Black & Decker during the fourth quarter worth about $1,076,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Up 3.6 %

SWK opened at $58.42 on Wednesday. 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, Inc. has a 12 month low of $53.91 and a 12 month high of $110.88. The stock has a market capitalization of $9.03 billion, a P/E ratio of 30.11, a P/E/G ratio of 1.33 and a beta of 1.14. The business has a 50 day simple moving average of $75.52 and a 200-day simple moving average of $84.50.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results 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 return on equity of 7.50% and a net margin of 1.92%. On average, equities analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.82 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 5.61%. Stanley Black & Decker's dividend payout ratio is currently 169.07%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group decreased their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Wells Fargo & Company decreased their price target 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. Barclays lowered their target price on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Jefferies Financial Group started coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a "buy" rating and a $103.00 price target on the stock. Finally, Citigroup decreased their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. One 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 company. Based on data from MarketBeat.com, Stanley Black & Decker presently has an average rating of "Hold" and an average price target of $102.20.

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.

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