Amundi Has $36.29 Million Position in Stanley Black & Decker, Inc. $SWK

Key Points

• Amundi increased its Stanley Black & Decker stake by 14.4% in the second quarter, bringing its holdings to 385,551 shares valued at approximately $36.29 million. Institutional investors collectively own 87.77% of the company.
• Analysts remain cautious, with Stanley Black & Decker holding a consensus “Hold” rating and an average price target of $92.25, despite Citigroup raising its target to $107 and assigning a “Buy” rating.
• The company beat quarterly earnings expectations with EPS of $1.57 versus the $1.21 consensus, while revenue reached $3.96 billion. Stanley Black & Decker also raised its quarterly dividend to $0.84, implying a 3.8% annual yield.

Amundi boosted its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 14.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 385,551 shares of the industrial products company's stock after purchasing an additional 48,667 shares during the quarter. Amundi owned about 0.26% of Stanley Black & Decker worth $36,288,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SWK. Arrowstreet Capital Limited Partnership bought a new position in shares of Stanley Black & Decker in the first quarter valued at $47,448,000. Oak Thistle LLC acquired a new stake in shares of Stanley Black & Decker in the 2nd quarter worth about $1,440,000. Assenagon Asset Management S.A. lifted its position in Stanley Black & Decker by 533.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 96,322 shares of the industrial products company's stock valued at $9,066,000 after acquiring an additional 81,121 shares in the last quarter. New York Life Investment Management LLC lifted its position in Stanley Black & Decker by 67.5% in the 4th quarter. New York Life Investment Management LLC now owns 34,766 shares of the industrial products company's stock valued at $2,582,000 after acquiring an additional 14,005 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in shares of Stanley Black & Decker during the second quarter valued at approximately $1,115,000. Institutional investors own 87.77% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SWK shares. Weiss Ratings upgraded shares of Stanley Black & Decker from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 31st. Citigroup raised their price target on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Wells Fargo & Company lifted their price target on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the stock an "equal weight" rating in a report on Thursday, June 18th. Wall Street Zen upgraded Stanley Black & Decker from a "buy" rating to a "strong-buy" rating in a research note on Sunday, September 6th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $93.00 price objective on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Stanley Black & Decker presently has a consensus rating of "Hold" and a consensus price target of $92.25.

Stanley Black & Decker Stock Down 2.7%

SWK opened at $89.16 on Friday. The company has a 50 day moving average of $95.22 and a 200 day moving average of $83.94. The company has a market cap of $13.47 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.41 and a beta of 1.17. Stanley Black & Decker, Inc. has a 12 month low of $61.90 and a 12 month high of $104.68. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.36. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The business had revenue of $3.96 billion for the quarter, compared to analysts' expectations of $3.97 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The business's revenue for the quarter was up .4% compared to the same quarter last year. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.57 EPS for the current year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a $0.84 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $3.36 annualized dividend and a yield of 3.8%. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.83. Stanley Black & Decker's dividend payout ratio is 81.95%.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc is a global manufacturer of tools, outdoor products and related storage solutions. The company serves professional contractors, industrial users and consumers with power tools, hand tools, accessories, tool storage systems and outdoor equipment.

Its portfolio includes well-known brands such as DEWALT, CRAFTSMAN, STANLEY and BLACK+DECKER. Products are sold through retailers, distributors and direct commercial channels, supporting construction, manufacturing, maintenance, do-it-yourself and outdoor applications.

The company was formed in 2010 through the merger of The Stanley Works and The Black & Decker Corporation, combining businesses with roots dating to the 19th century.

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