Insider Selling: Craig A. Douglas Sells 3,801 Shares of Stanley Black & Decker Stock (SWK)
Stanley Black & Decker (NYSE:SWK) VP Craig A. Douglas unloaded 3,801 shares of the company’s stock on the open market in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $91.22, for a total transaction of $346,727.22. Following the transaction, the vice president now directly owns 34,662 shares in the company, valued at approximately $3,161,868. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on SWK shares. 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 investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $90.29.
Shares of Stanley Black & Decker (NYSE:SWK) traded down 0.24% on Wednesday, hitting $90.72. The stock had a trading volume of 570,201 shares. Stanley Black & Decker has a 52-week low of $74.13 and a 52-week high of $92.76. The stock’s 50-day moving average is $88.23 and its 200-day moving average is $85.00. The company has a market cap of $14.177 billion and a P/E ratio of 24.10.
Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Friday, July 25th. The company reported $1.43 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.21 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, analysts predict that Stanley Black & Decker will post $5.55 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 2.29%. 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.
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