Envestnet Asset Management Inc. Sells 12,773 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Envestnet Asset Management Inc. reduced its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent disclosure 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 quarter. Envestnet Asset Management Inc.'s holdings in Stanley Black & Decker were worth $5,245,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Stanley Black & Decker by 30.9% during the 3rd quarter. Barclays PLC now owns 427,337 shares of the industrial products company's stock worth $47,061,000 after buying an additional 100,894 shares during the period. World Investment Advisors LLC bought a new position in shares of Stanley Black & Decker during the third quarter valued at $229,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at $602,000. Synovus Financial Corp bought a new stake in shares of Stanley Black & Decker in the 3rd quarter worth about $307,000. Finally, Franklin Resources Inc. increased its position in shares of Stanley Black & Decker by 12.6% during the 3rd quarter. Franklin Resources Inc. now owns 168,099 shares of the industrial products company's stock worth $18,298,000 after purchasing an additional 18,776 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $58.42 on Wednesday. The business's 50-day simple moving average is $75.52 and its 200 day simple moving average is $84.50. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 30.11, a P/E/G ratio of 1.33 and a beta of 1.14. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. As a group, research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker's dividend payout ratio is presently 169.07%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They set a "buy" rating and a $103.00 price objective on the stock. Citigroup decreased their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. UBS Group cut their price objective on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Wells Fargo & Company decreased their target price on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Finally, Barclays cut their price target on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $102.20.

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.

Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK - Free Report).

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.