Amundi Has $65.89 Million Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Amundi raised its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 124.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 807,859 shares of the industrial products company’s stock after acquiring an additional 448,411 shares during the period. Amundi owned about 0.52% of Stanley Black & Decker worth $65,889,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ridgewood Investments LLC acquired a new position in Stanley Black & Decker in the fourth quarter valued at about $36,000. Cape Investment Advisory Inc. grew its stake in Stanley Black & Decker by 107.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 237 shares during the period. SRS Capital Advisors Inc. grew its stake in Stanley Black & Decker by 61.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 199 shares during the period. Montag A & Associates Inc. acquired a new position in Stanley Black & Decker in the fourth quarter valued at about $44,000. Finally, Crews Bank & Trust acquired a new position in Stanley Black & Decker in the fourth quarter valued at about $49,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Performance

SWK opened at $82.90 on Wednesday. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The firm has a market capitalization of $12.80 billion, a PE ratio of 42.73, a PEG ratio of 1.33 and a beta of 1.25. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The business’s 50-day simple moving average is $85.46 and its 200 day simple moving average is $91.87.

Stanley Black & Decker (NYSE:SWK) last released 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%. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 3.96%. Stanley Black & Decker’s dividend payout ratio is 169.07%.

Analysts Set New Price Targets

A number of research firms have issued reports on SWK. Jefferies Financial Group assumed coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price for the company. Barclays reduced their price objective on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Citigroup reduced their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company reduced their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and an average target price 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.