Stanley Black & Decker, Inc. (NYSE:SWK) SVP Janet Link Sells 3,442 Shares

Stanley Black & Decker, Inc. (NYSE:SWK) SVP Janet Link sold 3,442 shares of Stanley Black & Decker stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $86.80, for a total value of $298,765.60. Following the completion of the sale, the senior vice president now owns 32,860 shares in the company, valued at $2,852,248. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Stanley Black & Decker Trading Up 0.3 %

Stanley Black & Decker stock opened at $87.29 on Wednesday. The firm has a 50-day moving average price of $91.55 and a two-hundred day moving average price of $91.52. Stanley Black & Decker, Inc. has a 52-week low of $73.87 and a 52-week high of $104.21. The firm has a market capitalization of $13.43 billion, a price-to-earnings ratio of -126.51, a PEG ratio of 2.31 and a beta of 1.33. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.41) earnings per share. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.24 annualized dividend and a dividend yield of 3.71%. Stanley Black & Decker’s dividend payout ratio is currently -469.56%.

Institutional Trading of Stanley Black & Decker

A number of hedge funds and other institutional investors have recently made changes to their positions in SWK. Price T Rowe Associates Inc. MD increased its holdings in shares of Stanley Black & Decker by 1.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,159,917 shares of the industrial products company’s stock valued at $1,683,389,000 after buying an additional 279,866 shares in the last quarter. Clean Energy Transition LLP raised its position in shares of Stanley Black & Decker by 13.8% during the third quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company’s stock worth $191,593,000 after purchasing an additional 277,507 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Stanley Black & Decker by 1.4% during the fourth quarter. Federated Hermes Inc. now owns 1,647,932 shares of the industrial products company’s stock valued at $161,662,000 after purchasing an additional 22,933 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in shares of Stanley Black & Decker by 1.4% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,527,842 shares of the industrial products company’s stock valued at $127,697,000 after purchasing an additional 20,792 shares during the period. Finally, Northern Trust Corp raised its holdings in Stanley Black & Decker by 4.7% during the 3rd quarter. Northern Trust Corp now owns 1,495,531 shares of the industrial products company’s stock worth $124,996,000 after buying an additional 66,536 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on SWK shares. JPMorgan Chase & Co. decreased their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 6th. Barclays decreased their price objective on shares of Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Wells Fargo & Company dropped their target price on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a report on Friday, May 3rd. Finally, Robert W. Baird decreased their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and an average target price of $97.00.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.