Insider Selling: Jeffrey Ansell Unloads 1,875 Shares of Stanley Black & Decker Stock (SWK)
Stanley Black & Decker (NYSE:SWK) SVP Jeffrey Ansell sold 1,875 shares of the stock on the open market in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $90.59, for a total transaction of $169,856.25. Following the completion of the sale, the senior vice president now directly owns 78,238 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on SWK shares. Analysts at KeyCorp downgraded shares of Stanley Black & Decker (NYSE:SWK) from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 8th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Stanley Black & Decker (NYSE:SWK) in a research note to investors on Thursday, August 1st. They now have a $89.00 price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Stanley Black & Decker (NYSE:SWK) from $88.00 to $91.00 in a research note to investors on Monday, July 29th. They now have an “overweight” rating on the stock.
Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $86.20.
Stanley Black & Decker (NYSE:SWK) traded down 1.50% during mid-day trading on Friday, hitting $90.13. The stock had a trading volume of 995,537 shares. Stanley Black & Decker has a one year low of $66.18 and a one year high of $92.36. The stock’s 50-day moving average is $87.49 and its 200-day moving average is $81.47. The company has a market cap of $14.428 billion and a P/E ratio of 16.92.
Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Friday, July 26th. The company reported $1.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.20 by $0.01. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the company posted $1.32 earnings per share. Stanley Black & Decker’s revenue was up 11.8% compared to the same quarter last year. On average, analysts predict that Stanley Black & Decker will post $5.45 earnings per share for the current fiscal year.
Stanley Black & Decker Inc is a diversified global provider of power and hand tools, mechanical access solutions (NYSE:SWK), electronic security and monitoring systems and products and services for various industrial applications.
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