Envestnet Portfolio Solutions Inc. Increases Stock Position in Stanley Black & Decker, Inc. $SWK

Envestnet Portfolio Solutions Inc. raised its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 20.0% during the second quarter, HoldingsChannel reports. The firm owned 44,411 shares of the industrial products company’s stock after buying an additional 7,399 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Stanley Black & Decker were worth $4,180,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Norges Bank purchased a new position in shares of Stanley Black & Decker during the fourth quarter worth about $133,961,000. Confluence Investment Management LLC purchased a new stake in Stanley Black & Decker during the 2nd quarter valued at approximately $126,909,000. Freestone Grove Partners LP acquired a new stake in Stanley Black & Decker during the 3rd quarter worth approximately $95,602,000. Alyeska Investment Group L.P. grew its stake in shares of Stanley Black & Decker by 5,996.4% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,191,540 shares of the industrial products company’s stock valued at $88,508,000 after purchasing an additional 1,171,995 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its holdings in shares of Stanley Black & Decker by 698.8% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 765,835 shares of the industrial products company’s stock valued at $56,886,000 after purchasing an additional 669,956 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SWK shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $93.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Wells Fargo & Company upped their price objective on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 18th. Citigroup raised their target price on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Wall Street Zen raised shares of Stanley Black & Decker from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Finally, Weiss Ratings raised shares of Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Stanley Black & Decker has a consensus rating of “Hold” and an average price target of $91.56.

Stanley Black & Decker Trading Down 1.1%

NYSE:SWK opened at $102.87 on Thursday. Stanley Black & Decker, Inc. has a 1 year low of $61.90 and a 1 year high of $104.68. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.43. The stock has a fifty day moving average price of $90.27 and a two-hundred day moving average price of $82.25. The stock has a market capitalization of $15.54 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 1.41 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.36. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period in the prior year, the business posted $1.08 earnings per share. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.53 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be given a $0.84 dividend. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.83. This represents a $3.36 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, September 8th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 81.95%.

About Stanley Black & Decker

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.