Intrua Financial LLC Raises Stock Position in Stanley Black & Decker, Inc. $SWK

Intrua Financial LLC grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,142 shares of the industrial products company’s stock after buying an additional 366 shares during the period. Intrua Financial LLC’s holdings in Stanley Black & Decker were worth $626,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SWK. Belpointe Asset Management LLC lifted its holdings in shares of Stanley Black & Decker by 24.9% in the 1st quarter. Belpointe Asset Management LLC now owns 2,964 shares of the industrial products company’s stock worth $228,000 after acquiring an additional 591 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of Stanley Black & Decker by 18.8% in the 1st quarter. Focus Partners Wealth now owns 6,981 shares of the industrial products company’s stock worth $537,000 after acquiring an additional 1,105 shares during the last quarter. Ransom Advisory Ltd bought a new stake in shares of Stanley Black & Decker in the 1st quarter worth about $208,000. Bayforest Capital Ltd lifted its holdings in shares of Stanley Black & Decker by 110.2% in the 1st quarter. Bayforest Capital Ltd now owns 2,825 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 1,481 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Stanley Black & Decker by 4.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,106,225 shares of the industrial products company’s stock worth $85,047,000 after acquiring an additional 48,471 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Up 3.4%

NYSE SWK opened at $79.59 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The company has a market capitalization of $12.32 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 1.70 and a beta of 1.16. The company’s 50-day simple moving average is $72.73 and its two-hundred day simple moving average is $70.47. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.70. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.01 billion. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS. 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 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.83 per share. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a yield of 4.2%. Stanley Black & Decker’s payout ratio is 105.40%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SWK shares. Barclays lowered their target price 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. Jefferies Financial Group set a $86.00 price objective on shares of Stanley Black & Decker and gave the company a “buy” rating in a report on Monday, August 18th. Robert W. Baird lifted their price objective on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Wells Fargo & Company lifted their price objective on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Finally, Wolfe Research upgraded shares of Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a report on Tuesday, July 8th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $89.40.

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.