Envestnet Asset Management Inc. Has $5.25 Million Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Envestnet Asset Management Inc. trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 16.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,321 shares of the industrial products company’s stock after selling 12,773 shares during the period. Envestnet Asset Management Inc.’s holdings in Stanley Black & Decker were worth $5,245,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SWK. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Stanley Black & Decker by 0.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company’s stock worth $1,758,000 after purchasing an additional 149 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of Stanley Black & Decker by 11.1% in the fourth quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company’s stock valued at $121,000 after buying an additional 151 shares during the period. Global X Japan Co. Ltd. increased its position in shares of Stanley Black & Decker by 3.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company’s stock worth $406,000 after acquiring an additional 172 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Stanley Black & Decker by 3.7% during the fourth quarter. Metis Global Partners LLC now owns 5,108 shares of the industrial products company’s stock worth $410,000 after acquiring an additional 180 shares during the period. Finally, New York Life Investment Management LLC lifted its position in Stanley Black & Decker by 0.9% in the 4th quarter. New York Life Investment Management LLC now owns 20,725 shares of the industrial products company’s stock valued at $1,664,000 after acquiring an additional 181 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

Shares of SWK opened at $58.42 on Wednesday. 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 company’s fifty day simple moving average is $75.52 and its 200 day simple moving average is $84.50. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 1.33 and a beta of 1.14.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were given a $0.82 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.61%. Stanley Black & Decker’s payout ratio is 169.07%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target on the stock. UBS Group dropped their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Citigroup cut their target price on 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. Barclays decreased their price target on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. Finally, Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Stanley Black & Decker currently has a consensus 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.