Insider Selling: Stanley Black & Decker, Inc. (SWK) CEO Sells 70,531 Shares of Stock

Stanley Black & Decker, Inc. (NYSE:SWK) CEO James M. Loree sold 70,531 shares of Stanley Black & Decker stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $161.80, for a total transaction of $11,411,915.80. Following the transaction, the chief executive officer now directly owns 175,449 shares of the company’s stock, valued at $28,387,648.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Stanley Black & Decker, Inc. (NYSE SWK) opened at $162.97 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.69 and a current ratio of 1.26. The company has a market capitalization of $24,991.78, a price-to-earnings ratio of 23.42, a P/E/G ratio of 2.12 and a beta of 1.02. Stanley Black & Decker, Inc. has a 52 week low of $114.27 and a 52 week high of $168.25.

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

The firm also recently declared 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. This represents a $2.52 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, November 30th. Stanley Black & Decker’s payout ratio is 31.82%.

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Several equities research analysts have issued reports on the stock. Robert W. Baird lifted their target price on shares of Stanley Black & Decker from $162.00 to $172.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Nomura set a $180.00 price target on shares of Stanley Black & Decker and gave the company a “buy” rating in a research report on Wednesday, October 25th. B. Riley reissued a “buy” rating on shares of Stanley Black & Decker in a research report on Wednesday, November 1st. J P Morgan Chase & Co boosted their price objective on shares of Stanley Black & Decker from $152.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Finally, KeyCorp boosted their price objective on shares of Stanley Black & Decker from $160.00 to $185.00 and gave the company a “hold” rating in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $167.29.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BB&T Investment Services Inc. acquired a new position in shares of Stanley Black & Decker in the 2nd quarter valued at about $102,000. Acrospire Investment Management LLC lifted its stake in shares of Stanley Black & Decker by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 400 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its stake in shares of Stanley Black & Decker by 2.9% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 23 shares in the last quarter. Independent Portfolio Consultants Inc. lifted its stake in shares of Stanley Black & Decker by 87.8% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 986 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 461 shares in the last quarter. Finally, Thompson Davis & CO. Inc. raised its holdings in shares of Stanley Black & Decker by 108.8% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,023 shares of the industrial products company’s stock valued at $154,000 after buying an additional 533 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

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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