Envestnet Asset Management Inc. Increases Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Envestnet Asset Management Inc. raised its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 11.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,613 shares of the industrial products company’s stock after purchasing an additional 8,298 shares during the period. Envestnet Asset Management Inc. owned 0.05% of Stanley Black & Decker worth $6,600,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of SWK. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Stanley Black & Decker by 9.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 19,641 shares of the industrial products company’s stock valued at $1,927,000 after buying an additional 1,771 shares during the period. Parallel Advisors LLC lifted its stake in shares of Stanley Black & Decker by 37.1% during the fourth quarter. Parallel Advisors LLC now owns 884 shares of the industrial products company’s stock valued at $87,000 after buying an additional 239 shares during the period. TD Asset Management Inc lifted its stake in shares of Stanley Black & Decker by 13.2% during the fourth quarter. TD Asset Management Inc now owns 56,311 shares of the industrial products company’s stock valued at $5,524,000 after buying an additional 6,584 shares during the period. Scotia Capital Inc. lifted its stake in shares of Stanley Black & Decker by 1.0% during the fourth quarter. Scotia Capital Inc. now owns 34,756 shares of the industrial products company’s stock valued at $3,410,000 after buying an additional 357 shares during the period. Finally, Bank of Nova Scotia lifted its stake in shares of Stanley Black & Decker by 9.9% during the fourth quarter. Bank of Nova Scotia now owns 14,676 shares of the industrial products company’s stock valued at $1,440,000 after buying an additional 1,323 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SWK. Barclays increased their price target on shares of Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. increased their price target on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research note on Monday, August 5th. UBS Group increased their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company increased their price target on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird increased their price target on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $101.75.

Insider Transactions at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the transaction, the senior vice president now directly owns 31,960 shares in the company, valued at approximately $3,320,963.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.50% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of SWK stock opened at $109.72 on Monday. The firm has a market cap of $16.89 billion, a P/E ratio of -159.01, a P/E/G ratio of 2.83 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. Stanley Black & Decker, Inc. has a 1-year low of $76.26 and a 1-year high of $110.88. The firm has a fifty day moving average of $99.14 and a two-hundred day moving average of $91.92.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.25. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the business earned ($0.11) EPS. As a group, research analysts anticipate that Stanley Black & Decker, Inc. will post 4.22 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a $0.82 dividend. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -475.36%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.