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

Stanley Black & Decker, Inc. (NYSE:SWK) SVP Janet Link sold 3,442 shares of Stanley Black & Decker stock in a transaction dated 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 transaction, the senior vice president now directly owns 32,860 shares of the company’s stock, valued at $2,852,248. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Stanley Black & Decker Price Performance

SWK opened at $85.88 on Thursday. Stanley Black & Decker, Inc. has a 12 month low of $73.87 and a 12 month high of $104.21. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. The stock has a market cap of $13.22 billion, a P/E ratio of -124.46, a P/E/G ratio of 2.31 and a beta of 1.33. The company has a fifty day simple moving average of $91.55 and a 200 day simple moving average of $91.52.

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 (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. Stanley Black & Decker’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.41) EPS. On average, research analysts expect that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.77%. Stanley Black & Decker’s payout ratio is -469.57%.

Analyst Ratings Changes

A number of brokerages have weighed in on SWK. 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 research note on Friday, May 3rd. Robert W. Baird reduced their price objective on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Barclays lowered their target price on Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. decreased their price target on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $97.00.

Institutional Trading of Stanley Black & Decker

Institutional investors have recently modified their holdings of the company. First United Bank & Trust bought a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $25,000. Quarry LP bought a new position in Stanley Black & Decker in the fourth quarter valued at approximately $36,000. Principal Securities Inc. bought a new stake in shares of Stanley Black & Decker during the 4th quarter worth approximately $38,000. Venturi Wealth Management LLC bought a new stake in Stanley Black & Decker during the third quarter worth $33,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Stanley Black & Decker by 39.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 140 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

About Stanley Black & Decker

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.