Insider Selling: Stanley Black & Decker, Inc. (SWK) SVP Sells 7,674 Shares of Stock
Stanley Black & Decker, Inc. (NYSE:SWK) SVP Jeffrey D. Ansell sold 7,674 shares of the firm’s stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $131.91, for a total transaction of $1,012,277.34. Following the transaction, the senior vice president now directly owns 48,028 shares of the company’s stock, valued at $6,335,373.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Stanley Black & Decker, Inc. (NYSE:SWK) traded down 0.09% during midday trading on Monday, reaching $131.21. 635,431 shares of the company’s stock traded hands. The stock’s 50 day moving average is $126.67 and its 200-day moving average is $121.56. Stanley Black & Decker, Inc. has a 52 week low of $100.61 and a 52 week high of $136.90. The company has a market capitalization of $20.02 billion, a PE ratio of 20.16 and a beta of 1.15.
Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, January 26th. The company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.03. Stanley Black & Decker had a return on equity of 16.16% and a net margin of 8.46%. The business earned $2.90 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the prior year, the business earned $1.78 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, analysts forecast that Stanley Black & Decker, Inc. will post $7.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 21st. Stockholders of record on Wednesday, March 1st will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Monday, February 27th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 35.64%.
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Several large investors have recently added to or reduced their stakes in the company. Mason Street Advisors LLC bought a new stake in Stanley Black & Decker during the second quarter valued at approximately $2,249,000. Kentucky Retirement Systems bought a new stake in Stanley Black & Decker during the second quarter valued at approximately $1,420,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Stanley Black & Decker during the second quarter valued at approximately $674,000. Macquarie Group Ltd. boosted its stake in Stanley Black & Decker by 10.5% in the second quarter. Macquarie Group Ltd. now owns 105,265 shares of the company’s stock valued at $11,708,000 after buying an additional 10,013 shares during the period. Finally, Advisory Services Network LLC boosted its stake in Stanley Black & Decker by 0.8% in the third quarter. Advisory Services Network LLC now owns 7,217 shares of the company’s stock valued at $888,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds own 85.51% of the company’s stock.
SWK has been the subject of several recent research reports. Macquarie initiated coverage on shares of Stanley Black & Decker in a report on Friday, December 16th. They set an “outperform” rating and a $137.00 target price for the company. Imperial Capital reaffirmed an “in-line” rating and set a $125.00 target price on shares of Stanley Black & Decker in a report on Friday, December 23rd. Zacks Investment Research raised shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Friday, January 6th. Finally, Barclays PLC initiated coverage on shares of Stanley Black & Decker in a report on Monday, January 30th. They set an “overweight” rating and a $140.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Stanley Black & Decker presently has an average rating of “Hold” and an average target price of $126.30.
About Stanley Black & Decker
Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.
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