According to the most recent report that Mitsubishi UFJ Kokusai Asset Management Co. Ltd. submitted to the Securities and Exchange Commission (SEC), the company increased its holdings in Stanley Black & Decker, Inc. (NYSE: SWK) by 1,311.7 percent during the third quarter of 2018. The institutional investor increased the size of their investment portfolio during the quarter by purchasing an additional 1,611,273 stock in the industrial goods company, bringing the total number of shares they own in their portfolio to 1,734,113. After the most recent reporting period, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. possessed approximately 1.17% of Stanley Black & Decker’s stock, which had a value of approximately $130,423,000 at the time.
Institutional investors and hedge funds have made additional purchases and sales of stock. During the third quarter, SG Americas Securities LLC saw a rise in its Stanley Black & Decker stock holdings, equivalent to 422.8 percent growth. Following the acquisition of an additional 32,951 shares during the most recent quarter, SG Americas Securities LLC now owns 40,744 shares of the industrial products company’s stock. The value of SG Americas Securities LLC’s holdings in the company’s stock is $3,064,000. The Czech National Bank increased its stake in Stanley Black & Decker by 1.292,000 shares during the third quarter, bringing the total number of shares it owns in the company to 2.28,000,000. Northwest Investment Counselors LLC increased the amount of Stanley Black & Decker stock owned by 6.5 percent during the third quarter. Following the acquisition of an additional 1,221 shares during the most recent quarter, Northwest Investment Counselors LLC now has 19,967 shares in the industrial products company. The current value of these shares, when traded on the market, is $1,502,000. In the third quarter, Harfst & Associates Inc. made a 13.9% increase in the number of Stanley Black & Decker shares it owned, bringing the total number of shares it owned to a total of 1.9%. Harfst & Associates Inc. currently holds a total ownership interest of 9,400 shares in the company that manufactures industrial products. The value of these shares is $707,000. Since the end of the preceding quarter, this reflects an increase of 1,148 shares in the company’s overall holdings. Comerica Bank increased the amount of Stanley Black & Decker stock owned in the third quarter by 7.9%, making this the last and certainly not the least important point. After purchasing an additional 1,792 shares during the most recent quarter, Comerica Bank now owns 24,443 shares of the industrial products company’s stock, which has a value of $1,856,000. This brings the total number of shares that Comerica Bank has to 24,443. The vast majority of the company’s shares, or 88.01 percent, are held in institutional investors’ portfolios.
In recent times, SWK has received comments and criticisms from various brokerage companies. Morgan Stanley rated the stock as “equal weight” in a research report published on Friday, January 6, 2019, and decreased their target price on Stanley Black & Decker from $82.00 to $79.00 for the company. The report was issued on the company’s website. Barclays lowered their price objective for Stanley Black & Decker from $96.00 to $92.00. In addition, they downgraded the company from an “overweight” rating to a “neutral” rating in a research note published on January 5. Citigroup has announced that it will reduce its price objective for Stanley Black & Decker from $90.00 to $69.00. The announcement was made public in a research report published on Monday, October 31. Goldman Sachs Group gave Stanley Black & Decker a “neutral” rating in a study published on Friday, October 28.
The price objective that Goldman Sachs Group had previously established for the company was lowered from $94.00 to $83.00. The results of the analysis were published. Last but not least, in a piece of research published on Thursday, October 13, Deutsche Bank Aktiengesellschaft downgraded Stanley Black & Decker from a “hold” rating to a “sell” rating, decreasing their target price from $111.00 to $90.00. The stock has been given a rating of “Hold” by eleven financial analysts, a rating of “buy” by one of those analysts, and a recommendation to “sell” by three of those analysts. The current recommendation for Stanley Black & Decker is “Hold,” and data provided by Bloomberg indicates that analysts anticipate the company will reach an average price of $92.42 per share.
On November 10, 5,248, Stanley Black & Decker stock shares were sold by Corbin Walburger, the company’s Chief Financial Officer. This is one of the other modificationsley Black & Decker stocks sold by Corbin Walburger, the Chief Financial Officer of the company. This is one of the other modifications. The transaction involving the shares had a total value of $424,038.40, and the price paid for each share came to an average of $80.80. As a direct result of the transaction, the chief financial officer now owns 17,993 shares in the company, which have a combined value of $1,453,834.40. The Securities and Exchange Commission was given legal documents about the transaction, which were subsequently uploaded to the SEC website after being provided to the SEC. The employees and management of the company collectively own 0.93 percent of the total number of shares issued by the company.
On Friday, SWK began trading for $86.27, its opening price. The company’s market value is $12.76 billion, its price-to-earnings ratio is 9.46, its price-to-earnings-to-growth ratio is 2.18, and its beta is 1.24. The company’s price-to-earnings-to-growth ratio is also 2.18. The stock’s simple moving average over the past fifty days is $79.04, and its simple moving average over the past 200 days is $87.35. The current price of $70.24 represents the 52-week low for Stanley Black & Decker, Inc., while the current price of $196.52 represents the 52-week high for the company. The debt-to-equity ratio has been calculated to be 0.60, the quick ratio has been calculated to be 0.32, and the current ratio has been calculated to be 1.16.
On Thursday, October 27, the most recent earnings report for Stanley Black & Decker (NYSE: SWK) was made public for investors to review. The manufacturer of products for the industrial sector reported a quarterly earnings per share figure of $0.76, which is $0.03 higher than the estimate that market analysts had come to a consensus on, which was $0.73. The revenue for the quarter came in at $4.12 billion, which was significantly higher than the $3.98 billion that analysts had anticipated the revenue would be. Stanley Black & Decker had a return on equity of 11.77%, and the company had an overall net margin of 8.44%. Compared to the same quarter in the prior year, the company’s total revenue saw a 9.0% increase. The company generated earnings of $2.77 per share during the same period in the prior year’s operations. Those knowledgeable in the stock market anticipate that Stanley Black & Decker, Inc. will generate $4.44 per share in 2018. This forecast was made in 2018.
In addition, the business recently announced a quarterly dividend, which was then paid out and distributed on December 1. On Thursday, December 1, dividend payments to shareholders recorded in the company’s books were sent out. The amount of each dividend payment was $0.80 per share. This results in an annual dividend payment of $3.20 and a dividend yield of 3.71% when calculated annually. This dividend had an ex-dividend date of November 30, a Wednesday, and the day after Thanksgiving. At this point, the dividend payout ratio (DPR) for Stanley Black & Decker is sitting at 35.09%.