Mitsubishi UFJ Asset Management Co. Ltd. Has $26.11 Million Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 14.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 339,668 shares of the industrial products company's stock after purchasing an additional 43,411 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.22% of Stanley Black & Decker worth $26,114,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SWK. Capital Research Global Investors boosted its position in shares of Stanley Black & Decker by 126.5% in the 4th quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock valued at $440,424,000 after purchasing an additional 3,063,114 shares during the period. Vulcan Value Partners LLC acquired a new stake in Stanley Black & Decker during the 1st quarter worth about $72,063,000. Ameriprise Financial Inc. boosted its position in Stanley Black & Decker by 44.2% during the 4th quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company's stock worth $177,905,000 after acquiring an additional 679,359 shares during the period. Marshall Wace LLP boosted its position in Stanley Black & Decker by 7,765.7% during the 4th quarter. Marshall Wace LLP now owns 582,535 shares of the industrial products company's stock worth $46,772,000 after acquiring an additional 575,129 shares during the period. Finally, Mariner LLC boosted its position in Stanley Black & Decker by 590.4% during the 4th quarter. Mariner LLC now owns 435,295 shares of the industrial products company's stock worth $34,950,000 after acquiring an additional 372,247 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

Shares of NYSE:SWK traded down $0.51 during trading on Friday, hitting $73.91. 350,943 shares of the stock were exchanged, compared to its average volume of 2,401,667. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The company has a market capitalization of $11.44 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 1.68 and a beta of 1.16. The company's fifty day simple moving average is $69.36 and its 200-day simple moving average is $72.09. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the firm earned $1.09 EPS. Stanley Black & Decker's revenue for the quarter was down 6.2% compared to the same quarter last year. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $0.83 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.32 annualized dividend and a yield of 4.5%. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's payout ratio is presently 104.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SWK shares. Wells Fargo & Company raised their price target on Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Robert W. Baird raised their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Barclays cut their price objective on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. JPMorgan Chase & Co. cut their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th. Finally, Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker has a consensus rating of "Hold" and a consensus price target of $91.10.

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.