Amundi Sells 333,988 Shares of Stanley Black & Decker, Inc. $SWK

Amundi lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 41.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 473,871 shares of the industrial products company's stock after selling 333,988 shares during the period. Amundi owned 0.31% of Stanley Black & Decker worth $36,431,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SWK. Golden State Wealth Management LLC lifted its position in shares of Stanley Black & Decker by 1,138.5% in the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock worth $25,000 after purchasing an additional 296 shares during the period. 1248 Management LLC acquired a new position in shares of Stanley Black & Decker during the 1st quarter valued at $26,000. Hanson & Doremus Investment Management acquired a new position in shares of Stanley Black & Decker during the 1st quarter valued at $31,000. TD Private Client Wealth LLC lifted its position in shares of Stanley Black & Decker by 830.4% during the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 382 shares during the period. Finally, CX Institutional acquired a new position in shares of Stanley Black & Decker during the 1st quarter valued at $43,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SWK shares. Jefferies Financial Group set a $86.00 target price on shares of Stanley Black & Decker and gave the company a "buy" rating in a research report on Monday, August 18th. Wall Street Zen downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Barclays reduced their target price on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Robert W. Baird upped their target price on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $80.00 price target on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $89.40.

Stanley Black & Decker Price Performance

SWK traded up $2.72 on Thursday, reaching $79.69. The company had a trading volume of 1,190,072 shares, compared to its average volume of 2,383,890. The business has a 50 day simple moving average of $72.57 and a 200 day simple moving average of $70.52. The company has a market cap of $12.34 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 1.69 and a beta of 1.16. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.70. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.01 billion. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. Stanley Black & Decker's quarterly revenue was down 6.2% on a year-over-year basis. During the same period last year, the firm posted $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 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 16th. Investors of record on Tuesday, September 2nd will be paid a $0.83 dividend. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. Stanley Black & Decker's payout ratio is 105.40%.

About Stanley Black & Decker

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.