Amundi Acquires 448,411 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Amundi grew its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 124.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 807,859 shares of the industrial products company’s stock after purchasing an additional 448,411 shares during the period. Amundi’s holdings in Stanley Black & Decker were worth $65,889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SWK. Impax Asset Management Group plc grew its position in Stanley Black & Decker by 11.1% during the third quarter. Impax Asset Management Group plc now owns 411,470 shares of the industrial products company’s stock worth $45,315,000 after buying an additional 41,043 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at $218,000. Principal Financial Group Inc. boosted its holdings in shares of Stanley Black & Decker by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 177,100 shares of the industrial products company’s stock valued at $19,504,000 after purchasing an additional 5,493 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at $269,000. Finally, Assetmark Inc. boosted its holdings in shares of Stanley Black & Decker by 1.4% in the 3rd quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company’s stock valued at $1,039,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 4.4 %

Shares of NYSE:SWK opened at $82.90 on Wednesday. The firm has a market cap of $12.80 billion, a P/E ratio of 42.73, a P/E/G ratio of 1.33 and a beta of 1.25. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The business has a fifty day simple moving average of $85.46 and a 200 day simple moving average of $91.87.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.96%. The ex-dividend date is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio is currently 169.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SWK shares. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Thursday, December 19th. UBS Group reduced their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Citigroup reduced their target price on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Barclays reduced their target price on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their price target on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus price target of $103.00.

Stanley Black & Decker Profile

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 Storage segment, and Industrial segment.