abrdn plc Has $5.65 Million Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

abrdn plc lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,223 shares of the industrial products company's stock after selling 5,663 shares during the period. abrdn plc's holdings in Stanley Black & Decker were worth $5,653,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. UMB Bank n.a. grew its position in shares of Stanley Black & Decker by 4.7% during the 3rd quarter. UMB Bank n.a. now owns 2,118 shares of the industrial products company's stock worth $233,000 after purchasing an additional 96 shares in the last quarter. Castleview Partners LLC grew its position in shares of Stanley Black & Decker by 3.9% during the 3rd quarter. Castleview Partners LLC now owns 2,772 shares of the industrial products company's stock worth $305,000 after purchasing an additional 103 shares in the last quarter. Empirical Finance LLC grew its position in shares of Stanley Black & Decker by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company's stock worth $581,000 after purchasing an additional 111 shares in the last quarter. Advisors Management Group Inc. ADV boosted its position in shares of Stanley Black & Decker by 3.2% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company's stock worth $421,000 after acquiring an additional 117 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in Stanley Black & Decker by 0.8% in the third quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company's stock valued at $1,740,000 after acquiring an additional 127 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SWK. Barclays decreased their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 8th. UBS Group decreased their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Citigroup decreased their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Morgan Stanley decreased their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $103.00.

Stanley Black & Decker Price Performance

Shares of NYSE SWK traded down $1.96 during midday trading on Wednesday, reaching $85.33. 1,682,183 shares of the company were exchanged, compared to its average volume of 1,962,528. The stock's 50-day moving average price is $83.83 and its 200-day moving average price is $93.47. The stock has a market cap of $13.15 billion, a P/E ratio of 43.98, a PEG ratio of 1.87 and a beta of 1.24. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The company has a quick ratio of 0.42, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.09 earnings per share for the current fiscal year.

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.