Stanley Black & Decker (SWK) Trading 6% Higher

Stanley Black & Decker, Inc. (NYSE:SWK) shares traded up 6% on Thursday . The company traded as high as $123.80 and last traded at $123.48. 3,453,207 shares were traded during mid-day trading, an increase of 152% from the average session volume of 1,370,479 shares. The stock had previously closed at $116.52.

A number of research analysts have weighed in on the stock. Macquarie set a $140.00 target price on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research note on Tuesday. Wells Fargo & Co decreased their target price on shares of Stanley Black & Decker from $194.00 to $168.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 17th. Credit Suisse Group set a $135.00 target price on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research note on Friday, October 26th. KeyCorp set a $170.00 target price on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research note on Friday, October 26th. Finally, Zacks Investment Research lowered shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $165.00.

The firm has a market capitalization of $18.77 billion, a PE ratio of 16.68, a P/E/G ratio of 1.63 and a beta of 1.32. The company has a current ratio of 0.92, a quick ratio of 0.48 and a debt-to-equity ratio of 0.39.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Thursday, October 25th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.04 by $0.04. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.59 billion. Stanley Black & Decker had a net margin of 7.22% and a return on equity of 16.71%. Research analysts forecast that Stanley Black & Decker, Inc. will post 8.14 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.12%. Stanley Black & Decker’s dividend payout ratio is currently 35.44%.

In related news, SVP Jaime A. Ramirez sold 8,251 shares of Stanley Black & Decker stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $111.29, for a total value of $918,253.79. Following the completion of the sale, the senior vice president now owns 36,566 shares in the company, valued at approximately $4,069,430.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael David Hankin bought 907 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The stock was bought at an average price of $112.93 per share, with a total value of $102,427.51. Following the acquisition, the director now directly owns 2,157 shares in the company, valued at approximately $243,590.01. The disclosure for this purchase can be found here. 0.69% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Fulton Bank N.A. increased its holdings in Stanley Black & Decker by 9.1% in the 3rd quarter. Fulton Bank N.A. now owns 5,032 shares of the industrial products company’s stock valued at $737,000 after purchasing an additional 418 shares during the last quarter. Dumont & Blake Investment Advisors LLC increased its holdings in Stanley Black & Decker by 6.0% in the 3rd quarter. Dumont & Blake Investment Advisors LLC now owns 7,965 shares of the industrial products company’s stock valued at $1,166,000 after purchasing an additional 450 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Stanley Black & Decker by 22.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,527 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 464 shares during the last quarter. Aristotle Atlantic Partners LLC increased its holdings in Stanley Black & Decker by 30.3% in the 2nd quarter. Aristotle Atlantic Partners LLC now owns 2,066 shares of the industrial products company’s stock valued at $274,000 after purchasing an additional 481 shares during the last quarter. Finally, Bollard Group LLC grew its stake in shares of Stanley Black & Decker by 1.2% in the second quarter. Bollard Group LLC now owns 41,827 shares of the industrial products company’s stock worth $5,555,000 after acquiring an additional 485 shares in the last quarter. Hedge funds and other institutional investors own 83.87% of the company’s stock.

About Stanley Black & Decker (NYSE:SWK)

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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