Lord Abbett & CO. LLC Sells 244,871 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Lord Abbett & CO. LLC lessened its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 41.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 344,697 shares of the industrial products company's stock after selling 244,871 shares during the quarter. Lord Abbett & CO. LLC owned 0.22% of Stanley Black & Decker worth $37,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Rise Advisors LLC increased its holdings 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 worth $29,000 after buying an additional 133 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Stanley Black & Decker by 81.4% in the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 237 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Stanley Black & Decker in the second quarter worth $56,000. Waldron Private Wealth LLC purchased a new position in shares of Stanley Black & Decker during the 3rd quarter valued at $59,000. Finally, AM Squared Ltd bought a new position in Stanley Black & Decker during the second quarter worth about $72,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. StockNews.com downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Morgan Stanley decreased their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 30th. Barclays boosted their price target on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $102.29.

Stanley Black & Decker Stock Up 0.1 %

NYSE:SWK traded up $0.09 during midday trading on Friday, hitting $82.80. The company had a trading volume of 1,223,208 shares, compared to its average volume of 1,577,493. The stock's fifty day moving average price is $94.04 and its 200-day moving average price is $93.63. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63.

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

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker's dividend payout ratio is -239.42%.

About Stanley Black & Decker

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.