Lighthouse Investment Partners LLC Makes New Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

Lighthouse Investment Partners LLC purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 35,000 shares of the industrial products company's stock, valued at approximately $2,810,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SWK. Cape Investment Advisory Inc. grew its holdings in Stanley Black & Decker by 107.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock worth $37,000 after purchasing an additional 237 shares during the period. Millstone Evans Group LLC acquired a new stake in Stanley Black & Decker in the 4th quarter valued at $40,000. SRS Capital Advisors Inc. increased its stake in Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 199 shares in the last quarter. Montag A & Associates Inc. bought a new position in shares of Stanley Black & Decker in the fourth quarter valued at $44,000. Finally, Crews Bank & Trust acquired a new position in shares of Stanley Black & Decker during the fourth quarter valued at about $49,000. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SWK. Robert W. Baird lifted their price objective on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Citigroup decreased their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Barclays raised Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $69.00 to $90.00 in a research report on Tuesday, May 13th. Jefferies Financial Group began coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a "buy" rating and a $103.00 target price on the stock. Finally, Wells Fargo & Company reduced their price target on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $91.10.

Stanley Black & Decker Stock Performance

SWK traded down $1.25 on Monday, hitting $70.21. The company's stock had a trading volume of 496,540 shares, compared to its average volume of 1,860,027. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $110.88. The firm has a market cap of $10.86 billion, a P/E ratio of 36.11, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. 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 company's 50 day simple moving average is $67.40 and its 200-day simple moving average is $79.34.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The company had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.73 billion. During the same period in the previous year, the business earned $0.56 earnings per share. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. Analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio (DPR) is presently 136.10%.

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.