UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $103.11 Million Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 936,293 shares of the industrial products company’s stock after selling 67,053 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.61% of Stanley Black & Decker worth $103,114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Stanley Black & Decker by 60.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company’s stock worth $2,353,000 after acquiring an additional 11,151 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Stanley Black & Decker by 12.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 77,305 shares of the industrial products company’s stock valued at $6,176,000 after purchasing an additional 8,805 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Stanley Black & Decker by 252.2% in the first quarter. Tidal Investments LLC now owns 13,019 shares of the industrial products company’s stock valued at $1,275,000 after purchasing an additional 9,323 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of Stanley Black & Decker by 921.3% in the second quarter. ORG Partners LLC now owns 8,068 shares of the industrial products company’s stock valued at $628,000 after purchasing an additional 7,278 shares in the last quarter. Finally, New South Capital Management Inc. lifted its holdings in shares of Stanley Black & Decker by 7.4% in the third quarter. New South Capital Management Inc. now owns 236,219 shares of the industrial products company’s stock valued at $26,015,000 after purchasing an additional 16,229 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SWK. The Goldman Sachs Group raised their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. raised their target price on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a report on Monday, August 5th. Robert W. Baird dropped their price target 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. Wells Fargo & Company dropped their price target on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Finally, Barclays lifted their price target on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $102.29.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $89.45 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. The business has a fifty day simple moving average of $98.65 and a two-hundred day simple moving average of $93.84. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The company has a market capitalization of $13.79 billion, a P/E ratio of -65.29, a P/E/G ratio of 2.41 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period last year, the business posted $1.05 earnings per share. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -239.42%.

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.