Sumitomo Mitsui Trust Group Inc. Increases Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Sumitomo Mitsui Trust Group Inc. raised its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 394,590 shares of the industrial products company's stock after purchasing an additional 7,102 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.26% of Stanley Black & Decker worth $30,336,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its holdings in Stanley Black & Decker by 18.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,435 shares of the industrial products company's stock worth $1,494,000 after purchasing an additional 3,009 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Stanley Black & Decker by 0.4% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 71,949 shares of the industrial products company's stock valued at $5,777,000 after buying an additional 269 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Stanley Black & Decker during the 1st quarter worth $245,000. Wellington Management Group LLP lifted its position in Stanley Black & Decker by 14.0% in the fourth quarter. Wellington Management Group LLP now owns 9,673 shares of the industrial products company's stock valued at $777,000 after acquiring an additional 1,188 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Stanley Black & Decker by 40.5% in the first quarter. GAMMA Investing LLC now owns 4,521 shares of the industrial products company's stock valued at $348,000 after acquiring an additional 1,304 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on SWK. Robert W. Baird boosted their price objective on Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Wells Fargo & Company lifted their target price on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. UBS Group lowered their price objective on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Barclays raised shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $69.00 to $90.00 in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. lowered their price target on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Stanley Black & Decker has an average rating of "Hold" and an average target price of $92.10.

Stanley Black & Decker Stock Performance

NYSE SWK traded down $0.40 on Friday, hitting $71.17. 1,088,708 shares of the company's stock were exchanged, compared to its average volume of 2,011,099. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.36. The firm's 50-day moving average price is $66.17 and its two-hundred day moving average price is $74.39. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 29.53, a P/E/G ratio of 1.36 and a beta of 1.18. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. The firm had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.73 billion. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. Stanley Black & Decker's revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 earnings per share. On average, research analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were issued a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 4.61%. Stanley Black & Decker's dividend payout ratio (DPR) is presently 136.10%.

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.