Dai ichi Life Insurance Company Ltd Invests $617,000 in Stanley Black & Decker, Inc. (NYSE:SWK)

Dai ichi Life Insurance Company Ltd acquired a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,601 shares of the industrial products company’s stock, valued at approximately $617,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC increased its holdings in shares of Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 133 shares during the last quarter. AlphaMark Advisors LLC bought a new stake in Stanley Black & Decker during the second quarter valued at $32,000. EverSource Wealth Advisors LLC raised its holdings in shares of Stanley Black & Decker by 81.4% during the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 237 shares during the period. Summit Securities Group LLC bought a new position in shares of Stanley Black & Decker in the 2nd quarter worth about $56,000. Finally, Waldron Private Wealth LLC acquired a new position in shares of Stanley Black & Decker in the 3rd quarter valued at about $59,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $89.77 on Friday. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. The company has a market capitalization of $13.84 billion, a price-to-earnings ratio of -65.53, a PEG ratio of 2.50 and a beta of 1.25. The firm has a 50-day moving average of $99.00 and a two-hundred day moving average of $93.81. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63.

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

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s payout ratio is -239.42%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. boosted their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research note on Monday, August 5th. Robert W. Baird cut their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Barclays increased their price target on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group upped their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $102.29.

About Stanley Black & Decker

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.