Traders Sell Stanley Black & Decker (SWK) on Strength (SWK)

Traders sold shares of Stanley Black & Decker, Inc. (NYSE:SWK) on strength during trading hours on Monday. $43.95 million flowed into the stock on the tick-up and $63.83 million flowed out of the stock on the tick-down, for a money net flow of $19.88 million out of the stock. Of all stocks tracked, Stanley Black & Decker had the 31st highest net out-flow for the day. Stanley Black & Decker traded up $1.08 for the day and closed at $169.81

Several brokerages have weighed in on SWK. Robert W. Baird reiterated a “hold” rating and issued a $150.00 target price on shares of Stanley Black & Decker in a research note on Friday, October 20th. Morgan Stanley upgraded Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and set a $169.00 target price on the stock in a research note on Monday, October 2nd. KeyCorp reiterated a “buy” rating and issued a $185.00 target price on shares of Stanley Black & Decker in a research note on Friday, November 17th. Wells Fargo & Company reiterated an “outperform” rating and issued a $175.00 target price (up from $165.00) on shares of Stanley Black & Decker in a research note on Wednesday, October 18th. Finally, Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $168.00 target price on the stock in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $167.29.

The company has a current ratio of 1.26, a quick ratio of 0.69 and a debt-to-equity ratio of 0.53. The stock has a market cap of $25,875.03, a price-to-earnings ratio of 24.24, a P/E/G ratio of 2.19 and a beta of 1.03.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Friday, December 1st will be issued a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.48%. Stanley Black & Decker’s dividend payout ratio is currently 31.82%.

In other news, insider John H. Wyatt sold 6,956 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $147.96, for a total value of $1,029,209.76. Following the completion of the sale, the insider now directly owns 49,188 shares of the company’s stock, valued at approximately $7,277,856.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joseph R. Voelker sold 10,432 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $150.15, for a total value of $1,566,364.80. Following the completion of the sale, the senior vice president now directly owns 25,810 shares of the company’s stock, valued at $3,875,371.50. The disclosure for this sale can be found here. Insiders sold a total of 140,257 shares of company stock valued at $22,563,420 over the last three months. Insiders own 1.15% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. BB&T Investment Services Inc. acquired a new position in Stanley Black & Decker during the second quarter worth $102,000. Acrospire Investment Management LLC raised its holdings in Stanley Black & Decker by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 800 shares of the industrial products company’s stock worth $113,000 after purchasing an additional 400 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Stanley Black & Decker by 22.9% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,806 shares of the industrial products company’s stock worth $131,000 after purchasing an additional 709 shares during the last quarter. Bank of Nova Scotia Trust Co. acquired a new position in Stanley Black & Decker during the third quarter worth $141,000. Finally, Thompson Davis & CO. Inc. raised its holdings in Stanley Black & Decker by 108.8% during the third quarter. Thompson Davis & CO. Inc. now owns 1,023 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 533 shares during the last quarter. 84.20% of the stock is owned by hedge funds and other institutional investors.

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About Stanley Black & Decker

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.

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