Alliancebernstein L.P. decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.8% during the third quarter, HoldingsChannel.com reports. The firm owned 777,447 shares of the industrial products company’s stock after selling 6,031 shares during the period. Alliancebernstein L.P.’s holdings in Stanley Black & Decker were worth $113,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Keybank National Association OH grew its stake in shares of Stanley Black & Decker by 35.4% during the 3rd quarter. Keybank National Association OH now owns 12,459 shares of the industrial products company’s stock worth $1,824,000 after purchasing an additional 3,254 shares during the period. National Asset Management Inc. grew its stake in Stanley Black & Decker by 67.9% in the 3rd quarter. National Asset Management Inc. now owns 3,977 shares of the industrial products company’s stock valued at $583,000 after acquiring an additional 1,608 shares during the period. LaSalle Street Capital Management LLC grew its stake in Stanley Black & Decker by 72.8% in the 3rd quarter. LaSalle Street Capital Management LLC now owns 11,028 shares of the industrial products company’s stock valued at $1,615,000 after acquiring an additional 4,647 shares during the period. Norinchukin Bank The grew its stake in Stanley Black & Decker by 12.6% in the 3rd quarter. Norinchukin Bank The now owns 19,678 shares of the industrial products company’s stock valued at $2,882,000 after acquiring an additional 2,196 shares during the period. Finally, Chartwell Investment Partners LLC grew its stake in Stanley Black & Decker by 6.9% in the 3rd quarter. Chartwell Investment Partners LLC now owns 54,022 shares of the industrial products company’s stock valued at $7,911,000 after acquiring an additional 3,480 shares during the period. 86.43% of the stock is currently owned by institutional investors and hedge funds.

In other Stanley Black & Decker news, VP Jocelyn Belisle sold 1,185 shares of Stanley Black & Decker stock in a transaction on Friday, September 7th. The shares were sold at an average price of $139.04, for a total transaction of $164,762.40. Following the sale, the vice president now owns 12,766 shares of the company’s stock, valued at approximately $1,774,984.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jaime A. Ramirez sold 8,251 shares of Stanley Black & Decker stock in a transaction on Monday, October 29th. The stock was sold at an average price of $111.29, for a total transaction of $918,253.79. Following the sale, the senior vice president now directly owns 36,566 shares in the company, valued at approximately $4,069,430.14. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

Shares of SWK opened at $125.64 on Thursday. Stanley Black & Decker, Inc. has a 52-week low of $106.41 and a 52-week high of $176.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 0.92. The firm has a market cap of $19.16 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 1.66 and a beta of 1.32.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Thursday, October 25th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.04. Stanley Black & Decker had a net margin of 7.22% and a return on equity of 16.71%. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.59 billion. As a group, analysts forecast that Stanley Black & Decker, Inc. will post 8.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.66 per share. The ex-dividend date is Thursday, November 29th. This represents a $2.64 annualized dividend and a yield of 2.10%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 35.44%.

A number of equities research analysts recently issued reports on the stock. Macquarie set a $140.00 price target on shares of Stanley Black & Decker and gave the company a “buy” rating in a research note on Tuesday, October 30th. Zacks Investment Research cut shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Tuesday, October 30th. ValuEngine raised shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. KeyCorp set a $170.00 price target on shares of Stanley Black & Decker and gave the company a “buy” rating in a research note on Friday, October 26th. Finally, Credit Suisse Group set a $135.00 price target on shares of Stanley Black & Decker and gave the company a “buy” rating in a research note on Friday, October 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Stanley Black & Decker has an average rating of “Buy” and a consensus price target of $163.29.

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Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK).

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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