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Stanley Black & Decker (NYSE:SWK) CFO Donald Allan sold 35,350 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $90.61, for a total value of $3,203,063.50. Following the transaction, the chief financial officer now directly owns 95,917 shares of the company’s stock, valued at approximately $8,691,039. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Stanley Black & Decker (NYSE:SWK) traded down 0.62% during mid-day trading on Friday, hitting $90.99. The stock had a trading volume of 132,062 shares. Stanley Black & Decker has a one year low of $74.13 and a one year high of $92.76. The stock’s 50-day moving average is $87.93 and its 200-day moving average is $84.53. The company has a market cap of $14.219 billion and a price-to-earnings ratio of 24.26.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Friday, July 25th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Analysts expect that Stanley Black & Decker will post $5.55 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Investors 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 2.27%. The ex-dividend date is Wednesday, September 3rd. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.50.

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 Friday, August 1st. They now have a $92.00 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Stanley Black & Decker in a research note on Monday, July 28th. They now have a $91.00 price target on the stock, up previously from $82.00. Finally, analysts at Credit Agricole downgraded shares of Stanley Black & Decker from a “buy” rating to an “outperform” rating in a research note on Monday, July 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $90.29.

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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