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

Nomura Asset Management Co. Ltd. grew its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 9.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 457,828 shares of the industrial products company’s stock after acquiring an additional 40,976 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.30% of Stanley Black & Decker worth $50,421,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Rise Advisors LLC lifted its position in Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after buying an additional 133 shares in the last quarter. AlphaMark Advisors LLC purchased a new stake in Stanley Black & Decker during the 2nd quarter worth $32,000. EverSource Wealth Advisors LLC increased its holdings in Stanley Black & Decker by 81.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 237 shares in the last quarter. Waldron Private Wealth LLC acquired a new position in shares of Stanley Black & Decker during the third quarter worth about $59,000. Finally, Armstrong Advisory Group Inc. purchased a new stake in shares of Stanley Black & Decker in the third quarter worth about $72,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $85.77 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The firm’s 50-day simple moving average is $96.05 and its 200-day simple moving average is $93.75. The firm has a market cap of $13.22 billion, a PE ratio of -62.61, a price-to-earnings-growth ratio of 2.28 and a beta of 1.23.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Stanley Black & Decker’s revenue for the quarter was down 5.1% compared to the same quarter last year. Equities analysts forecast that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.82 per share. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.82%. Stanley Black & Decker’s payout ratio is -239.42%.

Analyst Upgrades and Downgrades

SWK has been the topic of several analyst reports. The Goldman Sachs Group raised their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Morgan Stanley reduced their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Barclays raised their price target on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Robert W. Baird decreased their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their target price on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $102.29.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.