Fort Washington Investment Advisors Reduces $11M in Stanley Black & Decker, Inc. ($SWK)
Key Points
- Fort Washington Investment Advisors changed its Stanley Black & Decker, Inc. ($SWK) stake by 8.3% last quarter, cutting to 1,432,504 shares worth $119.79 million.
- Wall Street's consensus rating on $SWK is Buy and an average price target of $90.54.
- $SWK last traded around $83.62.
Fort Washington Investment Advisors trimmed its position in Stanley Black & Decker, Inc. ($SWK) by 8.3% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,432,504 shares of Stanley Black & Decker, Inc. after selling 130,400 shares during the quarter. Fort Washington Investment Advisors's holdings in Stanley Black & Decker, Inc. were worth $119.79 million as of its most recent filing.
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About Stanley Black & Decker, Inc.
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, concrete prep and placement tools, 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; household power tools, hand-held vacuums, and small 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. This segment sells its products under the DEWALT, CRAFTSMAN, CUB ADET, STANLEY, BLACK+DECKER, and HUSTLER brands through retailers, third-party distributors, independent dealers, and a direct sales force. Its Industrial segment provides threaded fasteners, blind rivets and tools, blind inserts and tools, drawn arc weld studs and systems, engineered plastic and mechanical fasteners, self-piercing riveting systems, precision nut running systems, micro fasteners, high-strength structural fasteners, axel swage, latches, heat shields, pins, couplings, fitting, and other engineered products. This segment sells its products through direct sales force and third-party distributors to the automotive, manufacturing, electronics, construction, aerospace, and other industries. The company was formerly known as The Stanley Works and changed its name to Stanley Black & Decker, Inc. in March 2010. The company was founded in 1843 and is headquartered in New Britain, Connecticut.
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