Share on StockTwits

Stanley Black & Decker (NYSE:SWK) Director Benjamin H. Iv Griswold sold 4,164 shares of the stock on the open market in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $86.99, for a total value of $362,226.36. Following the sale, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $4,349,500. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Stanley Black & Decker (NYSE:SWK) traded down 1.40% on Wednesday, hitting $85.78. 760,204 shares of the company’s stock traded hands. Stanley Black & Decker has a 52-week low of $73.77 and a 52-week high of $92.76. The stock has a 50-day moving average of $82.4 and a 200-day moving average of $80.93. The company has a market cap of $13.387 billion and a price-to-earnings ratio of 24.18.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.96 by $0.09. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the company posted $1.03 earnings per share. Stanley Black & Decker’s revenue was up 6.6% compared to the same quarter last year. Analysts expect that Stanley Black & Decker will post $5.43 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 17th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Monday, June 2nd.

SWK has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Stanley Black & Decker in a research note on Thursday, May 1st. They now have a $90.00 price target on the stock. Separately, analysts at Barclays upgraded shares of Stanley Black & Decker to an “equal weight” rating in a research note on Friday, April 25th. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Stanley Black & Decker in a research note on Thursday, April 24th. They now have a $89.00 price target on the stock. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Stanley Black & Decker has a consensus rating of “Hold” and an average price target of $86.50.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.