Insider Selling: Stanley Black & Decker VP Sells 2,500 Shares of Stock (SWK)
Stanley Black & Decker (NYSE:SWK) VP Craig A. Douglas sold 2,500 shares of Stanley Black & Decker stock on the open market in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $91.90, for a total value of $229,750.00. Following the completion of the sale, the vice president now directly owns 34,662 shares of the company’s stock, valued at approximately $3,185,438. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Stanley Black & Decker (NYSE:SWK) traded up 0.30% during mid-day trading on Wednesday, hitting $91.34. The stock had a trading volume of 600,037 shares. Stanley Black & Decker has a 52-week low of $74.13 and a 52-week high of $92.76. The stock has a 50-day moving average of $88.74 and a 200-day moving average of $85.31. The company has a market cap of $14.274 billion and a P/E ratio of 24.13.
Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data 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. 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. Stockholders 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 2.28%. The ex-dividend date is Wednesday, September 3rd. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.50.
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 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 issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price 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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