Intrua Financial LLC Takes Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Posted by Defense World Staff on Mar 31st, 2023

Intrua Financial LLC bought a new stake in Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,418 shares of the industrial products company’s stock, valued at approximately $202,000.

Other hedge funds also recently modified their holdings of the company. Crescent Sterling Ltd. purchased a new stake in shares of Stanley Black & Decker during the fourth quarter worth $1,377,000. Sage Capital Advisors llc raised its holdings in shares of Stanley Black & Decker by 67.2% during the fourth quarter. Sage Capital Advisors llc now owns 30,469 shares of the industrial products company’s stock worth $2,289,000 after acquiring an additional 12,243 shares in the last quarter. Eagle Ridge Investment Management raised its holdings in shares of Stanley Black & Decker by 40.6% during the fourth quarter. Eagle Ridge Investment Management now owns 3,761 shares of the industrial products company’s stock worth $283,000 after acquiring an additional 1,086 shares in the last quarter. Ridgewood Investments LLC raised its holdings in shares of Stanley Black & Decker by 41.4% during the fourth quarter. Ridgewood Investments LLC now owns 7,816 shares of the industrial products company’s stock worth $587,000 after acquiring an additional 2,287 shares in the last quarter. Finally, Reinhart Partners Inc. raised its holdings in Stanley Black & Decker by 3.0% during the fourth quarter. Reinhart Partners Inc. now owns 104,091 shares of the industrial products company’s stock valued at $7,819,000 after buying an additional 3,002 shares in the last quarter. Hedge funds and other institutional investors own 88.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SWK shares. Credit Suisse Group raised their target price on Stanley Black & Decker from $79.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, February 6th. Wells Fargo & Company raised their target price on Stanley Black & Decker from $93.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, February 3rd. UBS Group cut their target price on Stanley Black & Decker from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, March 16th. Longbow Research lowered Stanley Black & Decker from a “buy” rating to a “neutral” rating in a report on Friday, February 3rd. Finally, Barclays raised their target price on Stanley Black & Decker from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Sunday, February 5th. Thirteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $98.75.

Stanley Black & Decker Stock Down 0.2 %

SWK stock opened at $77.76 on Friday. Stanley Black & Decker, Inc. has a twelve month low of $70.24 and a twelve month high of $148.20. The company has a market cap of $11.90 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 10.26 and a beta of 1.31. The business’s 50-day simple moving average is $84.56 and its 200 day simple moving average is $81.29. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 0.55.

Stanley Black & Decker (NYSE:SWK – Get Rating) last released its earnings results on Thursday, February 2nd. The industrial products company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.23. Stanley Black & Decker had a return on equity of 8.08% and a net margin of 6.24%. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same period last year, the business earned $2.14 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, research analysts anticipate that Stanley Black & Decker, Inc. will post 0.83 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 21st. Investors of record on Tuesday, March 7th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date was Monday, March 6th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 47.13%.

Insiders Place Their Bets

In other Stanley Black & Decker news, SVP Janet Link sold 2,581 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $85.73, for a total transaction of $221,269.13. Following the completion of the transaction, the senior vice president now owns 36,352 shares in the company, valued at $3,116,456.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

About Stanley Black & Decker

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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 Storage segment, and Industrial segment.