Wealth Enhancement Advisory Services LLC Has $5.87 Million Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Wealth Enhancement Advisory Services LLC trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 6.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,157 shares of the industrial products company's stock after selling 5,373 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Stanley Black & Decker were worth $5,874,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SWK. Cape Investment Advisory Inc. raised its holdings in shares of Stanley Black & Decker by 107.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock worth $37,000 after purchasing an additional 237 shares in the last quarter. Millstone Evans Group LLC bought a new position in shares of Stanley Black & Decker in the fourth quarter valued at $40,000. SRS Capital Advisors Inc. lifted its position in shares of Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 199 shares during the last quarter. Montag A & Associates Inc. bought a new stake in shares of Stanley Black & Decker during the 4th quarter worth $44,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Stanley Black & Decker in the 4th quarter worth $55,000. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Stock Up 2.2%

SWK stock traded up $1.40 during mid-day trading on Wednesday, hitting $65.71. The stock had a trading volume of 1,901,131 shares, compared to its average volume of 1,946,141. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The company has a fifty day moving average of $64.07 and a 200 day moving average of $77.43. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 1.33 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The firm's revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 earnings per share. On average, equities analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's payout ratio is presently 136.10%.

Analysts Set New Price Targets

Several brokerages have recently commented on SWK. JPMorgan Chase & Co. reduced their target price on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a report on Monday, May 5th. UBS Group reduced their price objective on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Citigroup cut their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Jefferies Financial Group assumed coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 target price for the company. Finally, Barclays raised Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $69.00 to $90.00 in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $91.10.

Stanley Black & Decker 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.