Envestnet Asset Management Inc. Increases Stock Position in Stanley Black & Decker, Inc. $SWK

Envestnet Asset Management Inc. increased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 87,836 shares of the industrial products company’s stock after buying an additional 2,767 shares during the quarter. Envestnet Asset Management Inc. owned about 0.06% of Stanley Black & Decker worth $5,951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SWK. Princeton Global Asset Management LLC purchased a new position in shares of Stanley Black & Decker in the 2nd quarter worth about $25,000. 1248 Management LLC purchased a new position in Stanley Black & Decker in the first quarter valued at approximately $26,000. Garde Capital Inc. lifted its position in Stanley Black & Decker by 160.5% during the second quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock valued at $35,000 after buying an additional 321 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new stake in Stanley Black & Decker during the second quarter worth approximately $59,000. Finally, Blue Trust Inc. increased its position in shares of Stanley Black & Decker by 22.4% in the second quarter. Blue Trust Inc. now owns 1,114 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

SWK has been the topic of several recent research reports. Barclays reduced their target price on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Morgan Stanley reaffirmed a “positive” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. Wells Fargo & Company decreased their price target on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Finally, Jefferies Financial Group set a $86.00 price objective on shares of Stanley Black & Decker and gave the company a “buy” rating in a research report on Monday, August 18th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and an average price target of $88.10.

Stanley Black & Decker Trading Up 0.8%

SWK opened at $68.19 on Thursday. The stock has a market capitalization of $10.56 billion, a PE ratio of 21.65, a P/E/G ratio of 1.46 and a beta of 1.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $93.63. The firm’s fifty day moving average price is $72.17 and its 200 day moving average price is $70.05.

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

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Monday, December 1st. Stanley Black & Decker’s payout ratio is 114.88%.

Stanley Black & Decker Company 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.