Nissay Asset Management Corp Japan ADV Has $3.09 Million Holdings in Stanley Black & Decker, Inc. (SWK)

Nissay Asset Management Corp Japan ADV boosted its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,798 shares of the industrial products company’s stock after acquiring an additional 196 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Stanley Black & Decker were worth $3,089,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Patriot Financial Group Insurance Agency LLC boosted its holdings in Stanley Black & Decker by 2.8% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 3,249 shares of the industrial products company’s stock worth $389,000 after acquiring an additional 90 shares during the period. Legacy Financial Advisors Inc. boosted its holdings in Stanley Black & Decker by 72.8% in the 4th quarter. Legacy Financial Advisors Inc. now owns 330 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 139 shares during the period. SRS Capital Advisors Inc. boosted its holdings in Stanley Black & Decker by 12.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,279 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 143 shares during the period. Montecito Bank & Trust boosted its holdings in Stanley Black & Decker by 3.3% in the 4th quarter. Montecito Bank & Trust now owns 4,964 shares of the industrial products company’s stock worth $594,000 after acquiring an additional 157 shares during the period. Finally, Creative Planning boosted its holdings in Stanley Black & Decker by 0.8% in the 4th quarter. Creative Planning now owns 22,361 shares of the industrial products company’s stock worth $2,678,000 after acquiring an additional 176 shares during the period. Hedge funds and other institutional investors own 86.84% of the company’s stock.

In related news, SVP Jaime A. Ramirez sold 600 shares of the firm’s stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $118.69, for a total transaction of $71,214.00. Following the transaction, the senior vice president now directly owns 35,048 shares in the company, valued at $4,159,847.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.69% of the company’s stock.

SWK has been the subject of several research analyst reports. ValuEngine cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Tuesday, January 22nd. Macquarie set a $140.00 target price on Stanley Black & Decker and gave the company a “buy” rating in a research note on Tuesday, October 30th. Deutsche Bank initiated coverage on Stanley Black & Decker in a research note on Wednesday, November 7th. They set a “hold” rating and a $136.00 target price for the company. Zacks Investment Research cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Tuesday, October 30th. Finally, Credit Suisse Group set a $155.00 target price on Stanley Black & Decker and gave the company a “buy” rating in a research note on Tuesday, January 22nd. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Stanley Black & Decker currently has a consensus rating of “Buy” and a consensus target price of $156.53.

Shares of SWK opened at $136.56 on Wednesday. Stanley Black & Decker, Inc. has a 12-month low of $106.41 and a 12-month high of $164.94. The firm has a market cap of $20.60 billion, a P/E ratio of 16.76, a PEG ratio of 1.68 and a beta of 1.24. The company has a current ratio of 1.16, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, January 22nd. The industrial products company reported $2.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.10 by $0.01. Stanley Black & Decker had a return on equity of 16.29% and a net margin of 4.62%. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same period last year, the business posted $2.18 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, analysts predict that Stanley Black & Decker, Inc. will post 8.56 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 19th. Investors of record on Tuesday, March 5th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Monday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 32.39%.

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Stanley Black & Decker Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

Read More: What is Cost of Goods Sold (COGS)?

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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