Rempart Asset Management Inc. Has $9.83 Million Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Rempart Asset Management Inc. increased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 19.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,878 shares of the industrial products company's stock after acquiring an additional 20,635 shares during the period. Stanley Black & Decker comprises approximately 2.0% of Rempart Asset Management Inc.'s portfolio, making the stock its 22nd biggest holding. Rempart Asset Management Inc. owned about 0.08% of Stanley Black & Decker worth $9,831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SWK. Capital Research Global Investors increased its holdings in Stanley Black & Decker by 126.5% in the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock worth $440,424,000 after buying an additional 3,063,114 shares during the last quarter. Norges Bank bought a new stake in Stanley Black & Decker in the fourth quarter worth approximately $117,231,000. Invesco Ltd. raised its holdings in shares of Stanley Black & Decker by 22.6% during the 4th quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock valued at $332,336,000 after purchasing an additional 763,219 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Stanley Black & Decker by 44.2% in the 4th quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company's stock valued at $177,905,000 after purchasing an additional 679,359 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in Stanley Black & Decker by 7,765.7% in the fourth quarter. Marshall Wace LLP now owns 582,535 shares of the industrial products company's stock worth $46,772,000 after purchasing an additional 575,129 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SWK. Barclays raised Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $69.00 to $90.00 in a research report on Tuesday, May 13th. UBS Group reduced their target price on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Robert W. Baird increased their price target on Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. reduced their price objective on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. Finally, Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a "buy" rating and a $103.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $91.10.

Stanley Black & Decker Stock Performance

NYSE SWK traded down $1.16 during midday trading on Friday, hitting $65.37. The company had a trading volume of 11,572,426 shares, compared to its average volume of 1,942,325. The firm has a fifty day simple moving average of $64.63 and a two-hundred day simple moving average of $77.79. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The stock has a market cap of $10.11 billion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 1.33 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period in the previous year, the company posted $0.56 earnings per share. The company's quarterly revenue was down 3.2% compared to the same quarter last year. Equities analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 5.02%. Stanley Black & Decker's dividend payout ratio is currently 136.10%.

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.