Intrua Financial LLC Sells 1,348 Shares of Stanley Black & Decker, Inc. $SWK

Intrua Financial LLC reduced its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 16.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,794 shares of the industrial products company’s stock after selling 1,348 shares during the quarter. Intrua Financial LLC’s holdings in Stanley Black & Decker were worth $460,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Princeton Global Asset Management LLC acquired a new stake in Stanley Black & Decker in the 2nd quarter valued at approximately $25,000. 1248 Management LLC bought a new stake in shares of Stanley Black & Decker in the first quarter valued at approximately $26,000. Garde Capital Inc. grew its stake in shares of Stanley Black & Decker by 160.5% in the second quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 321 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in Stanley Black & Decker by 87.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 583 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 272 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Stanley Black & Decker by 63.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 594 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 231 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Robert W. Baird upped their price target on Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Wall Street Zen downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Morgan Stanley restated a “positive” rating and set a $80.00 price objective on shares of Stanley Black & Decker in a research report on Tuesday, October 14th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $88.10.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $65.61 on Friday. The business has a 50 day simple moving average of $71.77 and a 200 day simple moving average of $70.07. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $93.63. The company has a market capitalization of $10.16 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 1.46 and a beta of 1.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. The business had revenue of $3.72 billion during the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be paid a $0.83 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $3.32 dividend on an annualized basis and a yield of 5.1%. Stanley Black & Decker’s payout ratio is currently 114.88%.

Stanley Black & Decker 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.