Lecap Asset Management Ltd. Invests $1.98 Million in Stanley Black & Decker, Inc. (NYSE:SWK)

Lecap Asset Management Ltd. acquired a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 20,174 shares of the industrial products company's stock, valued at approximately $1,979,000.

Other large investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new position in shares of Stanley Black & Decker in the 3rd quarter valued at $33,000. Achmea Investment Management B.V. bought a new position in Stanley Black & Decker in the first quarter valued at approximately $36,000. ICA Group Wealth Management LLC bought a new position in Stanley Black & Decker in the fourth quarter valued at approximately $37,000. Castleview Partners LLC lifted its stake in Stanley Black & Decker by 343.4% in the first quarter. Castleview Partners LLC now owns 501 shares of the industrial products company's stock valued at $40,000 after buying an additional 388 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Stanley Black & Decker by 80.5% in the third quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company's stock worth $43,000 after purchasing an additional 231 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on SWK. Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $105.00 to $95.00 and set an "equal weight" rating on the stock in a report on Friday, February 2nd. Barclays upped their price objective on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an "underweight" rating for the company in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $99.44.

Stanley Black & Decker Trading Down 2.0 %

Shares of SWK stock traded down $1.84 on Friday, reaching $91.48. 906,081 shares of the company's stock were exchanged, compared to its average volume of 1,248,270. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The company's fifty day simple moving average is $91.39 and its 200 day simple moving average is $90.44. The stock has a market capitalization of $14.07 billion, a PE ratio of -43.98, a P/E/G ratio of 2.52 and a beta of 1.34. Stanley Black & Decker, Inc. has a 52 week low of $73.87 and a 52 week high of $104.21.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.19. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.84 billion. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The company's revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.10) earnings per share. As a group, analysts forecast that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Thursday, March 7th. Stanley Black & Decker's dividend payout ratio (DPR) is -155.77%.

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.