Insider Selling: Bruce H. Beatt Sells 1,646 Shares of Stanley Black & Decker Stock (SWK)
Stanley Black & Decker (NYSE:SWK) VP Bruce H. Beatt unloaded 1,646 shares of Stanley Black & Decker stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $81.65, for a total value of $134,395.90. Following the sale, the vice president now directly owns 42,427 shares in the company, valued at approximately $3,464,165. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on SWK. Analysts at Zacks reiterated a “neutral” rating on shares of Stanley Black & Decker in a research note on Thursday, January 30th. They now have a $82.00 price target on the stock. Separately, analysts at KeyCorp upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. Stanley Black & Decker has an average rating of “Hold” and an average price target of $84.27.
Stanley Black & Decker (NYSE:SWK) traded down 0.27% during mid-day trading on Tuesday, hitting $81.86. 397,121 shares of the company’s stock traded hands. Stanley Black & Decker has a 1-year low of $73.77 and a 1-year high of $92.76. The stock’s 50-day moving average is $79.70 and its 200-day moving average is $82.94. The company has a market cap of $12.730 billion and a P/E ratio of 26.61.
Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Friday, January 24th. The company reported $1.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.30 by $0.02. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the company posted $1.37 earnings per share. Stanley Black & Decker’s revenue was up 9.3% compared to the same quarter last year. On average, analysts predict that Stanley Black & Decker will post $5.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 18th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Monday, March 3rd.
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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