Ameriprise Financial Inc. Boosts Stock Position in Stanley Black & Decker, Inc. $SWK

Ameriprise Financial Inc. significantly increased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 49.5% in the third quarter, now owning 4.38 million shares valued at $325.54 million. Other institutional investors also adjusted their positions in SWK, which currently has a “Hold” consensus rating from analysts with an average target price of $86.89. The company recently reported Q4 earnings of $1.41 EPS, surpassing analyst estimates, and announced a quarterly dividend of $0.83 per share.

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