Envestnet Asset Management Inc. Sells 12,773 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Envestnet Asset Management Inc. lessened its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 65,321 shares of the industrial products company's stock after selling 12,773 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Stanley Black & Decker were worth $5,245,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SWK. Norges Bank acquired a new stake in Stanley Black & Decker during the 4th quarter worth $117,231,000. Vanguard Group Inc. raised its stake in Stanley Black & Decker by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company's stock worth $1,540,445,000 after buying an additional 495,103 shares during the period. Amundi raised its stake in Stanley Black & Decker by 124.7% during the 4th quarter. Amundi now owns 807,859 shares of the industrial products company's stock worth $65,889,000 after buying an additional 448,411 shares during the period. National Pension Service raised its stake in Stanley Black & Decker by 485.1% during the 4th quarter. National Pension Service now owns 290,385 shares of the industrial products company's stock worth $23,315,000 after buying an additional 240,752 shares during the period. Finally, KBC Group NV raised its stake in Stanley Black & Decker by 886.5% during the 4th quarter. KBC Group NV now owns 224,818 shares of the industrial products company's stock worth $18,050,000 after buying an additional 202,028 shares during the period. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Down 0.6 %

Shares of NYSE SWK traded down $0.38 during mid-day trading on Monday, hitting $61.20. The company had a trading volume of 2,504,377 shares, compared to its average volume of 1,780,889. The company has a market capitalization of $9.46 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The firm has a 50-day simple moving average of $73.41 and a two-hundred day simple moving average of $83.06. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. On average, equities analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date is Tuesday, June 3rd. Stanley Black & Decker's payout ratio is currently 169.07%.

Wall Street Analyst Weigh In

SWK has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. UBS Group lowered their target price on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a report on Friday, February 7th. Barclays lowered their target price on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a "buy" rating and a $103.00 target price for the company. Finally, Citigroup lowered their target price on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Stanley Black & Decker presently has an average rating of "Hold" and a consensus price target of $102.20.

About Stanley Black & Decker

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.