Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) SVP Janet Link sold 3,442 shares of Stanley Black & Decker stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $86.80, for a total value of $298,765.60. Following the completion of the transaction, the senior vice president now owns 32,860 shares of the company's stock, valued at approximately $2,852,248. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Stanley Black & Decker Price Performance
Stanley Black & Decker stock opened at $87.29 on Wednesday. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of -126.51, a price-to-earnings-growth ratio of 2.31 and a beta of 1.33. The firm has a 50-day moving average of $91.55 and a two-hundred day moving average of $91.52. Stanley Black & Decker, Inc. has a 1 year low of $73.87 and a 1 year high of $104.21. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.40.
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Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. Stanley Black & Decker's revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.41) earnings per share. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.
Stanley Black & Decker Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Friday, May 31st. Stanley Black & Decker's dividend payout ratio (DPR) is presently -469.56%.
Institutional Investors Weigh In On Stanley Black & Decker
Large investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. grew its stake in Stanley Black & Decker by 13.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 80,705 shares of the industrial products company's stock valued at $6,745,000 after purchasing an additional 9,715 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Stanley Black & Decker by 0.8% during the 3rd quarter. Brown Advisory Inc. now owns 30,320 shares of the industrial products company's stock worth $2,534,000 after acquiring an additional 233 shares in the last quarter. New York State Teachers Retirement System lifted its position in Stanley Black & Decker by 3.8% during the third quarter. New York State Teachers Retirement System now owns 148,061 shares of the industrial products company's stock valued at $12,375,000 after acquiring an additional 5,428 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Stanley Black & Decker by 1.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,020 shares of the industrial products company's stock valued at $4,515,000 after acquiring an additional 949 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in Stanley Black & Decker by 5.8% in the third quarter. Mackenzie Financial Corp now owns 12,933 shares of the industrial products company's stock worth $1,014,000 after purchasing an additional 708 shares during the last quarter. Institutional investors own 87.77% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on SWK. JPMorgan Chase & Co. cut their target price on Stanley Black & Decker from $89.00 to $80.00 and set an "underweight" rating on the stock in a research report on Tuesday, February 6th. Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $98.00 to $92.00 and set an "equal weight" rating on the stock in a research report on Friday, May 3rd. Robert W. Baird lowered their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a "neutral" rating for the company in a report on Thursday, April 18th. Finally, Barclays cut their price target on shares of Stanley Black & Decker from $107.00 to $100.00 and set an "overweight" rating on the stock in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $97.00.
View Our Latest Analysis on Stanley Black & Decker
Stanley Black & Decker Company Profile
(
Get Free Report)
Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.
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