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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 6.7% during the 3rd quarter, according to 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 quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.61% of Stanley Black & Decker worth $103,114,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Rise Advisors LLC boosted its position 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 purchased a new stake in Stanley Black & Decker during the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its position in Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company's stock worth $42,000 after acquiring an additional 237 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Stanley Black & Decker during the second quarter valued at approximately $56,000. Finally, Waldron Private Wealth LLC purchased a new position in shares of Stanley Black & Decker in the third quarter worth $59,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on SWK shares. Robert W. Baird lowered their price objective on shares of 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. JPMorgan Chase & Co. raised their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the company an "underweight" rating in a research report on Monday, August 5th. Wells Fargo & Company cut their target price on Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. StockNews.com downgraded Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Finally, Barclays upped their price target on Stanley Black & Decker from $96.00 to $100.00 and gave the company an "equal weight" rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker presently has an average rating of "Hold" and a consensus target price of $102.29.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK traded down $0.38 during trading on Monday, hitting $89.07. 1,160,458 shares of the company's stock were exchanged, compared to its average volume of 1,445,971. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. 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 company has a market cap of $13.73 billion, a price-to-earnings ratio of -65.01, a PEG ratio of 2.41 and a beta of 1.25. The business's 50-day simple moving average is $98.28 and its 200 day simple moving average is $93.83.

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

Stanley Black & Decker Dividend Announcement

The company also recently disclosed 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. This represents a $3.28 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker's dividend payout ratio (DPR) 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.