Stanley Black & Decker, Inc. (NYSE:SWK) SVP Sells $298,765.60 in 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 sale, the senior vice president now directly owns 32,860 shares in the company, valued at approximately $2,852,248. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $88.17 on Friday. The stock has a market cap of $13.57 billion, a P/E ratio of -127.78, a P/E/G ratio of 2.31 and a beta of 1.33. The company has a fifty day moving average price of $91.51 and a two-hundred day moving average price of $91.48. Stanley Black & Decker, Inc. has a one year low of $73.87 and a one year high of $104.21. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.40.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the company posted ($0.41) earnings per share. As a group, equities analysts predict that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Friday, May 31st. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -469.57%.

Hedge Funds Weigh In On Stanley Black & Decker

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. grew its stake in Stanley Black & Decker by 13.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 80,705 shares of the industrial products company’s stock valued at $6,745,000 after buying an additional 9,715 shares during the last quarter. Brown Advisory Inc. grew its position in shares of Stanley Black & Decker by 0.8% in the third quarter. Brown Advisory Inc. now owns 30,320 shares of the industrial products company’s stock valued at $2,534,000 after purchasing an additional 233 shares during the last quarter. New York State Teachers Retirement System increased its stake in shares of Stanley Black & Decker by 3.8% during the third quarter. New York State Teachers Retirement System now owns 148,061 shares of the industrial products company’s stock worth $12,375,000 after purchasing an additional 5,428 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Stanley Black & Decker by 1.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,020 shares of the industrial products company’s stock worth $4,515,000 after purchasing an additional 949 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Stanley Black & Decker by 5.8% in the 3rd quarter. Mackenzie Financial Corp now owns 12,933 shares of the industrial products company’s stock valued at $1,014,000 after purchasing an additional 708 shares during the period. 87.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on SWK. Wells Fargo & Company decreased their price objective on Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a report on Friday, May 3rd. Robert W. Baird lowered their price objective on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. JPMorgan Chase & Co. reduced their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday, February 6th. Finally, Barclays cut their price target on shares of Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and an average price target of $97.00.

Stanley Black & Decker Company Profile

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.