Rempart Asset Management Inc. Has $8.61 Million Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Rempart Asset Management Inc. lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 107,243 shares of the industrial products company’s stock after selling 684 shares during the period. Stanley Black & Decker accounts for about 1.7% of Rempart Asset Management Inc.’s holdings, making the stock its 21st biggest position. Rempart Asset Management Inc. owned approximately 0.07% of Stanley Black & Decker worth $8,611,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. State Street Corp grew its stake in shares of Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after acquiring an additional 549,531 shares during the period. Geode Capital Management LLC boosted its position in Stanley Black & Decker by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock worth $392,882,000 after purchasing an additional 35,100 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Stanley Black & Decker by 8.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock worth $326,960,000 after purchasing an additional 235,106 shares in the last quarter. Clean Energy Transition LLP lifted its stake in shares of Stanley Black & Decker by 49.0% during the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after buying an additional 652,780 shares in the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Stanley Black & Decker by 6.4% in the 2nd quarter. ProShare Advisors LLC now owns 1,983,993 shares of the industrial products company’s stock worth $158,501,000 after buying an additional 118,927 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Trading Down 1.3 %

NYSE SWK traded down $1.07 on Wednesday, hitting $80.58. The company’s stock had a trading volume of 201,768 shares, compared to its average volume of 1,043,729. The firm has a market cap of $12.42 billion, a P/E ratio of -58.82, a PEG ratio of 2.24 and a beta of 1.24. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The company’s 50-day simple moving average is $85.89 and its 200 day simple moving average is $93.28. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the previous year, the business posted $1.05 earnings per share. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. Research analysts predict that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend was Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is -239.42%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Thursday, December 19th. The Goldman Sachs Group increased their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Morgan Stanley cut their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Robert W. Baird decreased their price objective on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $101.25.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.