Wealth Enhancement Advisory Services LLC Acquires 28,154 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 38.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 101,311 shares of the industrial products company's stock after purchasing an additional 28,154 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.07% of Stanley Black & Decker worth $7,789,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SWK. Cape Investment Advisory Inc. increased its position in 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 valued at $37,000 after acquiring an additional 237 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Stanley Black & Decker during the 4th quarter worth approximately $40,000. SRS Capital Advisors Inc. grew 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 worth $42,000 after buying an additional 199 shares during the period. CX Institutional acquired a new stake in shares of Stanley Black & Decker during the 1st quarter worth approximately $43,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Stanley Black & Decker during the 4th quarter worth approximately $55,000. 87.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on SWK. Robert W. Baird lifted their price target on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Barclays upgraded shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $69.00 to $90.00 in a report on Tuesday, May 13th. Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. cut their price target on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th. Finally, UBS Group cut 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Stanley Black & Decker presently has an average rating of "Hold" and an average price target of $91.10.

Stanley Black & Decker Trading Up 1.1%

Shares of NYSE:SWK opened at $66.38 on Wednesday. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88. The stock has a market cap of $10.27 billion, a PE ratio of 27.54, a P/E/G ratio of 1.70 and a beta of 1.18. The business has a 50 day moving average of $64.47 and a 200-day moving average of $75.15. The company has a quick ratio of 0.36, a current ratio of 1.10 and a debt-to-equity ratio of 0.54.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.07. The business had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.73 billion. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. The firm's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 earnings per share. As a group, equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.94%. The ex-dividend date was Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio (DPR) is currently 136.10%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.