Stanley Black & Decker, Inc. (SWK) CFO Donald Allan Sells 30,090 Shares

Stanley Black & Decker, Inc. (NYSE:SWK) CFO Donald Allan sold 30,090 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $163.11, for a total transaction of $4,907,979.90. Following the sale, the chief financial officer now directly owns 129,203 shares of the company’s stock, valued at approximately $21,074,301.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Stanley Black & Decker, Inc. (NYSE:SWK) opened at $163.97 on Tuesday. Stanley Black & Decker, Inc. has a 52 week low of $114.27 and a 52 week high of $168.25. The stock has a market cap of $24,991.73, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. The company has a quick ratio of 0.69, a current ratio of 1.26 and a debt-to-equity ratio of 0.53.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. Stanley Black & Decker had a net margin of 9.79% and a return on equity of 15.41%. The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same period last year, the firm earned $1.68 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. equities research analysts predict that Stanley Black & Decker, Inc. will post 7.39 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Friday, December 1st will be paid a $0.63 dividend. The ex-dividend date is Thursday, November 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.54%. Stanley Black & Decker’s payout ratio is presently 31.82%.

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Several research firms have recently weighed in on SWK. B. Riley reaffirmed a “buy” rating on shares of Stanley Black & Decker in a report on Wednesday, November 1st. J P Morgan Chase & Co raised their price objective on shares of Stanley Black & Decker from $152.00 to $180.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. Nomura set a $180.00 price objective on shares of Stanley Black & Decker and gave the stock a “buy” rating in a report on Wednesday, October 25th. Robert W. Baird raised their price objective on shares of Stanley Black & Decker from $162.00 to $172.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Finally, FBR & Co raised their price objective on shares of Stanley Black & Decker from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $167.29.

A number of hedge funds have recently made changes to their positions in SWK. Fred Alger Management Inc. boosted its stake in Stanley Black & Decker by 275.0% in the second quarter. Fred Alger Management Inc. now owns 701,930 shares of the industrial products company’s stock valued at $98,783,000 after acquiring an additional 514,773 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in Stanley Black & Decker by 45.2% in the third quarter. Pictet Asset Management Ltd. now owns 1,077,720 shares of the industrial products company’s stock valued at $162,703,000 after acquiring an additional 335,500 shares during the last quarter. Vanguard Group Inc. boosted its stake in Stanley Black & Decker by 2.6% in the second quarter. Vanguard Group Inc. now owns 11,396,761 shares of the industrial products company’s stock valued at $1,603,865,000 after acquiring an additional 287,124 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in Stanley Black & Decker in the second quarter valued at approximately $34,675,000. Finally, Vaughan David Investments Inc. IL raised its holdings in Stanley Black & Decker by 9,320.2% in the third quarter. Vaughan David Investments Inc. IL now owns 219,867 shares of the industrial products company’s stock worth $19,931,000 after purchasing an additional 217,533 shares during the period. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

Insider Buying and Selling by Quarter for Stanley Black & Decker (NYSE:SWK)

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