Lighthouse Investment Partners LLC Buys Shares of 35,000 Stanley Black & Decker, Inc. (NYSE:SWK)

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

Other institutional investors have also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. increased its stake in Stanley Black & Decker by 107.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 237 shares during the last quarter. Millstone Evans Group LLC bought a new stake in Stanley Black & Decker during the fourth quarter valued at $40,000. SRS Capital Advisors Inc. increased its stake in Stanley Black & Decker by 61.8% during the fourth 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 during the last quarter. Montag A & Associates Inc. bought a new stake in Stanley Black & Decker during the fourth quarter valued at $44,000. Finally, Crews Bank & Trust bought a new stake in Stanley Black & Decker during the fourth quarter valued at $49,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

SWK stock opened at $73.80 on Wednesday. The company has a market capitalization of $11.42 billion, a P/E ratio of 38.04, a PEG ratio of 1.33 and a beta of 1.19. The company has a 50-day simple moving average of $68.30 and a 200 day simple moving average of $79.97. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.73 billion. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 earnings per share. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date is Tuesday, June 3rd. Stanley Black & Decker’s payout ratio is 136.10%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating for the company in a research note on Monday, May 5th. Robert W. Baird upped their price target on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Barclays upgraded shares of Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $69.00 to $90.00 in a research report on Tuesday. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price target for the company. Finally, Wells Fargo & Company lowered 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 issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $91.10.

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.