Alps Advisors Inc. reduced its stake in Stanley Black & Decker (SWK) by 12.2% in Q3, now holding 316,258 shares valued at approximately $23.51 million. Despite this, other institutional investors, such as Norges Bank and Schroder, increased their positions, with institutions collectively owning 87.77% of the stock. Stanley Black & Decker recently beat EPS estimates but missed revenue expectations and holds a consensus “Hold” rating from analysts with an average price target of $87.00.
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Alps Advisors Inc. Has $23.51 Million Stake in Stanley Black & Decker, Inc. $SWK
Alps Advisors Inc. reduced its stake in Stanley Black & Decker (SWK) by 12.2% in Q3, now holding 316,258 shares valued at approximately $23.51 million. Despite this, other institutional investors, such as Norges Bank and Schroder, increased their positions, with institutions collectively owning 87.77% of the stock. Stanley Black & Decker recently beat EPS estimates but missed revenue expectations and holds a consensus “Hold” rating from analysts with an average price target of $87.00.