Allspring Global Investments Holdings LLC Has $495,000 Holdings in Stanley Black & Decker, Inc. $SWK

Allspring Global Investments Holdings LLC cut its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,035 shares of the industrial products company’s stock after selling 231 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Stanley Black & Decker were worth $495,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Allen Wealth Management LLC grew its holdings in shares of Stanley Black & Decker by 0.9% during the second quarter. Allen Wealth Management LLC now owns 18,659 shares of the industrial products company’s stock worth $1,264,000 after purchasing an additional 160 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Stanley Black & Decker by 3.8% during the first quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company’s stock worth $345,000 after purchasing an additional 165 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Stanley Black & Decker by 15.0% during the second quarter. Parallel Advisors LLC now owns 1,313 shares of the industrial products company’s stock worth $89,000 after purchasing an additional 171 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Stanley Black & Decker by 8.8% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company’s stock worth $166,000 after purchasing an additional 174 shares during the last quarter. Finally, RB Capital Management LLC grew its holdings in shares of Stanley Black & Decker by 1.8% during the first quarter. RB Capital Management LLC now owns 9,937 shares of the industrial products company’s stock worth $764,000 after purchasing an additional 175 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on SWK shares. Weiss Ratings restated a “hold (c)” rating on shares of Stanley Black & Decker in a report on Friday. Wall Street Zen cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Wolfe Research upgraded Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a report on Tuesday, July 8th. Barclays reduced their target price on Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Finally, Robert W. Baird upped their target price on Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Stanley Black & Decker has an average rating of “Hold” and a consensus price target of $88.10.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $70.19 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $104.35. The stock’s 50 day moving average price is $73.75 and its two-hundred day moving average price is $69.07. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 1.47 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share for the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The company had revenue of $3.72 billion for the quarter. On average, equities analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Profile

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 Outdoor and Industrial segments.