Lecap Asset Management Ltd. Takes $841,000 Position in Stanley Black & Decker, Inc. $SWK

Key Points

• Lecap Asset Management Ltd. has acquired a position in Stanley Black & Decker worth approximately $841,000 by purchasing 12,415 shares in the 2nd quarter.
• Stanley Black & Decker's stock has received mixed ratings, with a consensus rating of "Hold" and a price target of $89.40 from various analysts.
• The company recently increased its quarterly dividend to $0.83, leading to a 4.5% dividend yield, despite a high dividend payout ratio of 105.40%.

Lecap Asset Management Ltd. acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,415 shares of the industrial products company's stock, valued at approximately $841,000.

Several other institutional investors have also recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Stanley Black & Decker by 18.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,435 shares of the industrial products company's stock valued at $1,494,000 after purchasing an additional 3,009 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Stanley Black & Decker in the first quarter valued at approximately $245,000. Rempart Asset Management Inc. grew its stake in shares of Stanley Black & Decker by 22.5% during the second quarter. Rempart Asset Management Inc. now owns 156,704 shares of the industrial products company's stock worth $10,617,000 after buying an additional 28,826 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Stanley Black & Decker by 3.0% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,538,360 shares of the industrial products company's stock worth $104,224,000 after buying an additional 45,107 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Stanley Black & Decker by 40.5% in the 1st quarter. GAMMA Investing LLC now owns 4,521 shares of the industrial products company's stock valued at $348,000 after acquiring an additional 1,304 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Analysts Set New Price Targets

SWK has been the topic of a number of research reports. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. The Goldman Sachs Group restated a "neutral" rating and set a $80.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Barclays dropped their price objective on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Wall Street Zen lowered shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Robert W. Baird raised their price target on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $89.40.

Stanley Black & Decker Stock Up 0.5%

Shares of NYSE SWK opened at $74.02 on Friday. The company's 50 day moving average price is $74.01 and its 200-day moving average price is $69.60. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $109.91. The company has a market capitalization of $11.46 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 1.62 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.70. The company had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.01 billion. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. Stanley Black & Decker's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 earnings per share. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Equities analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.83 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.5%. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's dividend payout ratio (DPR) is presently 105.40%.

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.

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