abrdn plc Sells 23,674 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

abrdn plc decreased its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 23.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,886 shares of the industrial products company's stock after selling 23,674 shares during the quarter. abrdn plc's holdings in Stanley Black & Decker were worth $8,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of SWK. UMB Bank n.a. lifted its holdings in shares of Stanley Black & Decker by 4.7% in the 3rd quarter. UMB Bank n.a. now owns 2,118 shares of the industrial products company's stock valued at $233,000 after acquiring an additional 96 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Stanley Black & Decker by 0.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company's stock valued at $1,055,000 after purchasing an additional 100 shares during the last quarter. Castleview Partners LLC increased 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 valued at $305,000 after purchasing an additional 103 shares during the last quarter. Rise Advisors LLC raised its holdings in Stanley Black & Decker by 99.3% during the 3rd 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. Finally, Massmutual Trust Co. FSB ADV lifted its position in Stanley Black & Decker by 27.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 660 shares of the industrial products company's stock worth $73,000 after buying an additional 141 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SWK has been the topic of a number of analyst reports. Robert W. Baird cut their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating on the stock in a research report on Wednesday. Morgan Stanley cut their price target 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. StockNews.com raised shares of Stanley Black & Decker from a "hold" rating to a "buy" rating in a research note on Monday, October 28th. The Goldman Sachs Group upped their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Finally, Barclays raised their price target on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Stanley Black & Decker presently has an average rating of "Hold" and an average price target of $102.29.

Stanley Black & Decker Trading Up 0.5 %

SWK traded up $0.44 during trading on Friday, hitting $93.38. 1,016,043 shares of the stock were exchanged, compared to its average volume of 1,506,874. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The firm has a 50 day simple moving average of $103.28 and a 200 day simple moving average of $93.82. The firm has a market cap of $14.40 billion, a price-to-earnings ratio of -68.16, a P/E/G ratio of 2.51 and a beta of 1.25. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88.

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 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The firm's quarterly revenue was down 5.1% on a year-over-year basis. As a group, equities analysts expect that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.51%. 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.