Lecap Asset Management Ltd. Boosts Stock Position in Stanley Black & Decker, Inc. $SWK

Lecap Asset Management Ltd. boosted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 100.7% during the third quarter, Holdings Channel reports. The firm owned 24,923 shares of the industrial products company’s stock after acquiring an additional 12,508 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Stanley Black & Decker were worth $1,853,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SWK. Princeton Global Asset Management LLC bought a new position in shares of Stanley Black & Decker during the second quarter valued at approximately $25,000. Chapman Financial Group LLC bought a new position in Stanley Black & Decker in the 2nd quarter worth $26,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Stanley Black & Decker in the 2nd quarter worth about $28,000. Hanson & Doremus Investment Management bought a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at about $30,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Stanley Black & Decker during the second quarter valued at about $31,000. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on SWK shares. UBS Group lowered their price objective on shares of Stanley Black & Decker from $105.00 to $98.00 and set a “buy” rating for the company in a report on Monday. Wells Fargo & Company dropped their price target on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. Wall Street Zen cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Finally, Morgan Stanley set a $88.00 price target on shares of Stanley Black & Decker in a research note on Monday, December 22nd. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $86.56.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $78.78 on Thursday. The business has a fifty day moving average price of $71.30 and a 200-day moving average price of $71.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.11 and a quick ratio of 0.35. The company has a market capitalization of $12.20 billion, a PE ratio of 27.26, a PEG ratio of 1.98 and a beta of 1.20. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $91.06.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. The company had revenue of $3.72 billion for the quarter. Stanley Black & Decker had a net margin of 2.89% and a return on equity of 8.10%. As a group, equities analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 1st were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $3.32 annualized dividend and a dividend yield of 4.2%. Stanley Black & Decker’s dividend payout ratio (DPR) is 114.88%.

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.