UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 936,293 shares of the industrial products company’s stock after selling 67,053 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Stanley Black & Decker were worth $103,114,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Rise Advisors LLC boosted its stake in Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after buying an additional 133 shares during the period. AlphaMark Advisors LLC bought a new stake in Stanley Black & Decker during the second quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its stake in Stanley Black & Decker by 81.4% during the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after buying an additional 237 shares during the period. Summit Securities Group LLC bought a new stake in Stanley Black & Decker during the second quarter valued at $56,000. Finally, Waldron Private Wealth LLC bought a new stake in Stanley Black & Decker during the third quarter valued at $59,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barclays lifted their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Morgan Stanley dropped their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Robert W. Baird dropped their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Finally, StockNews.com lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $102.29.

Stanley Black & Decker Trading Down 0.4 %

NYSE SWK opened at $89.45 on Monday. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average of $98.65 and a 200-day moving average of $93.84. The firm has a market cap of $13.79 billion, a PE ratio of -65.29, a price-to-earnings-growth 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 for the quarter, beating 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 company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the previous year, the company posted $1.05 EPS. Stanley Black & Decker’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.67%. Stanley Black & Decker’s dividend payout ratio is presently -239.42%.

Stanley Black & Decker Company 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.