Resona Asset Management Co. Ltd. Sells 38,035 Shares of Stanley Black & Decker, Inc. $SWK

Resona Asset Management Co. Ltd. cut its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 53.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 32,559 shares of the industrial products company’s stock after selling 38,035 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Stanley Black & Decker were worth $2,203,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vest Financial LLC boosted its holdings in Stanley Black & Decker by 46.4% during the 2nd quarter. Vest Financial LLC now owns 903,163 shares of the industrial products company’s stock worth $61,189,000 after acquiring an additional 286,331 shares during the last quarter. Rempart Asset Management Inc. boosted its holdings in Stanley Black & Decker by 22.5% during the second quarter. Rempart Asset Management Inc. now owns 156,704 shares of the industrial products company’s stock worth $10,617,000 after purchasing an additional 28,826 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in Stanley Black & Decker by 3.0% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,538,360 shares of the industrial products company’s stock worth $104,224,000 after purchasing an additional 45,107 shares in the last quarter. Nordea Investment Management AB increased its stake in Stanley Black & Decker by 474.4% in the 2nd quarter. Nordea Investment Management AB now owns 89,582 shares of the industrial products company’s stock valued at $6,077,000 after buying an additional 73,987 shares during the last quarter. Finally, Martin Capital Partners LLC bought a new position in shares of Stanley Black & Decker during the 2nd quarter worth approximately $507,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

NYSE SWK opened at $67.88 on Tuesday. The company has a market cap of $10.51 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 1.46 and a beta of 1.21. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. The firm’s 50-day simple moving average is $72.34 and its two-hundred day simple moving average is $70.02. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $93.63.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. The company had revenue of $3.72 billion for the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. Research analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, December 1st. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 114.88%.

Wall Street Analyst Weigh In

SWK has been the subject of a number of research analyst reports. Robert W. Baird increased their price target on Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. Morgan Stanley reiterated a “positive” rating and set a $80.00 target price on shares of Stanley Black & Decker in a research note on Tuesday, October 14th. UBS Group increased their price target on shares of Stanley Black & Decker from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, Jefferies Financial Group set a $86.00 price objective on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research report on Monday, August 18th. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $88.10.

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.