Amalgamated Bank Has $2.40 Million Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Amalgamated Bank decreased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,867 shares of the industrial products company’s stock after selling 369 shares during the quarter. Amalgamated Bank’s holdings in Stanley Black & Decker were worth $2,398,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SWK. Clean Energy Transition LLP increased its position in 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 worth $218,518,000 after purchasing an additional 652,780 shares in the last quarter. State Street Corp grew its stake in shares of Stanley Black & Decker by 6.5% during the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after buying an additional 549,531 shares during the last quarter. FMR LLC increased its holdings in shares of Stanley Black & Decker by 40.8% during the third quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after buying an additional 267,723 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Stanley Black & Decker by 8.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock valued at $326,960,000 after acquiring an additional 235,106 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Stanley Black & Decker by 886.5% during the 4th quarter. KBC Group NV now owns 224,818 shares of the industrial products company’s stock valued at $18,050,000 after acquiring an additional 202,028 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Trading Up 1.0 %

Shares of SWK stock opened at $86.47 on Friday. The company has a market cap of $13.35 billion, a P/E ratio of 44.57, a PEG ratio of 1.33 and a beta of 1.24. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. 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 stock has a 50 day simple moving average of $84.90 and a two-hundred day simple moving average of $92.54.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 3.79%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.

Wall Street Analysts Forecast Growth

SWK has been the subject of a number of recent research reports. Wells Fargo & Company lowered their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Barclays cut their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. UBS Group dropped their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, Citigroup decreased their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $103.00.

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 Storage segment, and Industrial segment.