Stanley Black & Decker Insider James J. Cannon Sells 2,633 Shares (SWK)
Stanley Black & Decker (NYSE:SWK) Insider James J. Cannon unloaded 2,633 shares of Stanley Black & Decker stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $90.41, for a total transaction of $238,049.53. Following the completion of the sale, the insider now directly owns 26,399 shares in the company, valued at approximately $2,386,734. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on SWK. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Stanley Black & Decker in a research note on Monday. They now have a $91.00 price target on the stock, up previously from $82.00. Separately, analysts at Credit Agricole downgraded shares of Stanley Black & Decker from a “buy” rating to an “outperform” rating in a research note on Monday. Finally, analysts at Barclays raised their price target on shares of Stanley Black & Decker from $83.00 to $85.00 in a research note on Wednesday, July 2nd. They now have an “underweight” rating on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $90.00.
Stanley Black & Decker (NYSE:SWK) traded down 2.16% on Thursday, hitting $87.45. The stock had a trading volume of 1,280,652 shares. Stanley Black & Decker has a 1-year low of $74.13 and a 1-year high of $92.76. The stock’s 50-day moving average is $87.44 and its 200-day moving average is $83.57. The company has a market cap of $13.670 billion and a P/E ratio of 23.66.
Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Friday, July 25th. The company reported $1.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.37 by $0.06. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company posted $1.21 earnings per share. Stanley Black & Decker’s revenue was up 1.0% compared to the same quarter last year. On average, analysts predict that Stanley Black & Decker will post $5.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Wednesday, September 3rd. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.50.
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.