Envestnet Asset Management Inc. Acquires 19,748 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Envestnet Asset Management Inc. grew its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 30.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 85,069 shares of the industrial products company's stock after buying an additional 19,748 shares during the period. Envestnet Asset Management Inc. owned approximately 0.06% of Stanley Black & Decker worth $6,540,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Avantax Advisory Services Inc. lifted its position in Stanley Black & Decker by 14.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 2,697 shares of the industrial products company's stock valued at $217,000 after acquiring an additional 337 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Stanley Black & Decker by 79.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 15,089 shares of the industrial products company's stock worth $1,234,000 after buying an additional 6,665 shares in the last quarter. Millstone Evans Group LLC bought a new stake in Stanley Black & Decker during the 4th quarter worth about $40,000. Virtu Financial LLC bought a new stake in Stanley Black & Decker during the 4th quarter worth about $231,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Stanley Black & Decker during the 4th quarter worth about $4,404,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SWK shares. Wolfe Research raised shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Wells Fargo & Company upped their price target on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. UBS Group decreased their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Wall Street Zen upgraded shares of Stanley Black & Decker from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Barclays upgraded shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $69.00 to $90.00 in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $93.40.

Stanley Black & Decker Price Performance

Shares of NYSE SWK traded up $0.90 during trading hours on Friday, hitting $73.59. 997,346 shares of the stock were exchanged, compared to its average volume of 2,420,470. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 1.10. The company has a market cap of $11.39 billion, a PE ratio of 30.54, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The company's fifty day simple moving average is $68.32 and its two-hundred day simple moving average is $73.55. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.73 billion. Stanley Black & Decker had a net margin of 2.40% and a return on equity of 7.85%. The firm's revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. On average, sell-side analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $0.83 dividend. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 annualized dividend and a yield of 4.51%. Stanley Black & Decker's dividend payout ratio is presently 136.10%.

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.