Amundi Has $16.09 Million Stock Position in Stanley Black & Decker, Inc. $SWK

Amundi reduced its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 52.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 224,852 shares of the industrial products company’s stock after selling 249,019 shares during the quarter. Amundi’s holdings in Stanley Black & Decker were worth $16,090,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vest Financial LLC lifted its stake in Stanley Black & Decker by 46.4% in the second quarter. Vest Financial LLC now owns 903,163 shares of the industrial products company’s stock valued at $61,189,000 after acquiring an additional 286,331 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Stanley Black & Decker by 38.8% during the 2nd quarter. ProShare Advisors LLC now owns 2,723,331 shares of the industrial products company’s stock valued at $184,506,000 after purchasing an additional 761,191 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Stanley Black & Decker during the 2nd quarter valued at $10,128,000. Rempart Asset Management Inc. lifted its stake in shares of Stanley Black & Decker by 22.5% in the 2nd quarter. Rempart Asset Management Inc. now owns 156,704 shares of the industrial products company’s stock valued at $10,617,000 after purchasing an additional 28,826 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Stanley Black & Decker by 1.7% during the second quarter. Geode Capital Management LLC now owns 3,965,007 shares of the industrial products company’s stock worth $268,110,000 after buying an additional 65,327 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK opened at $75.82 on Thursday. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $91.06. The company has a market cap of $11.74 billion, a P/E ratio of 26.23, a P/E/G ratio of 2.04 and a beta of 1.20. The business’s 50 day moving average is $69.27 and its two-hundred day moving average is $70.59. The company has a quick ratio of 0.35, a current ratio of 1.11 and a debt-to-equity ratio of 0.52.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. Stanley Black & Decker had a net margin of 2.89% and a return on equity of 8.10%. The business had revenue of $3.72 billion for the quarter. On average, equities analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.83 per share. The ex-dividend date is Monday, December 1st. This represents a $3.32 annualized dividend and a dividend yield of 4.4%. Stanley Black & Decker’s payout ratio is presently 114.88%.

Analyst Ratings Changes

SWK has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Jefferies Financial Group set a $86.00 price objective on Stanley Black & Decker and gave the company a “buy” rating in a research note on Monday, August 18th. Morgan Stanley reiterated a “positive” rating and set a $80.00 price target on shares of Stanley Black & Decker in a report on Tuesday, October 14th. Wall Street Zen cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, UBS Group upped their price objective on shares of Stanley Black & Decker from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $88.10.

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 Outdoor and Industrial segments.