Dai Ichi Life Insurance Company Ltd Has $5.02 Million Position in Stanley Black & Decker, Inc. (SWK)

Dai Ichi Life Insurance Company Ltd lowered its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,681 shares of the industrial products company’s stock after selling 802 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Stanley Black & Decker were worth $5,021,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Stanley Black & Decker by 1,670.7% during the 1st quarter. BlackRock Inc. now owns 10,447,937 shares of the industrial products company’s stock valued at $1,388,216,000 after purchasing an additional 9,857,885 shares during the period. State Street Corp boosted its position in Stanley Black & Decker by 3.2% during the 1st quarter. State Street Corp now owns 7,828,768 shares of the industrial products company’s stock valued at $1,040,211,000 after purchasing an additional 244,854 shares during the period. Boston Partners boosted its position in Stanley Black & Decker by 9.7% during the 1st quarter. Boston Partners now owns 3,714,012 shares of the industrial products company’s stock valued at $493,481,000 after purchasing an additional 329,259 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Stanley Black & Decker by 0.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,619,158 shares of the industrial products company’s stock valued at $480,878,000 after purchasing an additional 15,721 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Stanley Black & Decker by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,193,176 shares of the industrial products company’s stock valued at $291,398,000 after purchasing an additional 41,688 shares during the period. Institutional investors and hedge funds own 83.74% of the company’s stock.

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SWK has been the subject of a number of analyst reports. Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Thursday, June 22nd. BidaskClub lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Robert W. Baird restated a “hold” rating and set a $150.00 price objective on shares of Stanley Black & Decker in a research report on Monday, August 28th. MKM Partners initiated coverage on Stanley Black & Decker in a research report on Friday, July 7th. They set a “buy” rating and a $166.00 price objective for the company. Finally, Wolfe Research initiated coverage on Stanley Black & Decker in a research report on Tuesday, July 11th. They set an “outperform” rating and a $160.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. Stanley Black & Decker presently has an average rating of “Buy” and an average price target of $153.71.

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) opened at 147.46 on Tuesday. The firm’s 50-day moving average price is $140.59 and its 200 day moving average price is $137.47. Stanley Black & Decker, Inc. has a 52 week low of $111.89 and a 52 week high of $148.32. The company has a market cap of $22.58 billion, a P/E ratio of 18.88 and a beta of 1.10.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Monday, July 24th. The industrial products company reported $2.01 EPS for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.05. The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.18 billion. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. Stanley Black & Decker’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.84 EPS. On average, equities analysts predict that Stanley Black & Decker, Inc. will post $7.30 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 1st will be given a dividend of $0.63 per share. The ex-dividend date is Wednesday, August 30th. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. This represents a $2.52 dividend on an annualized basis and a yield of 1.71%. Stanley Black & Decker’s dividend payout ratio is 32.31%.

In related news, insider John H. Wyatt sold 6,956 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $147.96, for a total transaction of $1,029,209.76. Following the sale, the insider now directly owns 49,188 shares in the company, valued at approximately $7,277,856.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.15% of the stock is owned by corporate insiders.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

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

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