Victory Capital Management Inc. Lowers Holdings in Stanley Black & Decker, Inc. $SWK

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Victory Capital Management Inc. has reduced its stake in Stanley Black & Decker (NYSE:SWK) by 40.3% in the third quarter, now holding 136,053 shares valued at approximately $10.11 million. The company reported beating EPS estimates but missed on revenue for its recent quarter and declared a quarterly dividend of $0.83, translating to a 4.5% yield despite a high payout ratio. Analysts generally hold a “Hold” rating on the stock with an average price target of $86.89.

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