Stanley Black & Decker, Inc. (NYSE:SWK) SVP Janet Link Sells 13,520 Shares

Stanley Black & Decker, Inc. (NYSE:SWK) SVP Janet Link sold 13,520 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the completion of the transaction, the senior vice president now directly owns 31,960 shares of the company’s stock, valued at $3,320,963.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock traded down $2.92 during trading hours on Monday, hitting $95.71. The stock had a trading volume of 1,828,241 shares, compared to its average volume of 1,492,264. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.40. The stock has a market capitalization of $14.74 billion, a price-to-earnings ratio of -138.51, a PEG ratio of 2.68 and a beta of 1.25. Stanley Black & Decker, Inc. has a 1-year low of $76.26 and a 1-year high of $108.15. The stock’s fifty day moving average is $86.26 and its two-hundred day moving average is $89.32.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.25. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.02 billion. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. Stanley Black & Decker’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.11) earnings per share. As a group, analysts predict that Stanley Black & Decker, Inc. will post 4.09 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.82 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.43%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -469.56%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SWK shares. Barclays upped their price target on Stanley Black & Decker from $86.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. UBS Group upped their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird upped their price target on Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, July 29th. The Goldman Sachs Group upped their price target on Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company increased their price objective on Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $100.13.

Institutional Trading of Stanley Black & Decker

A number of large investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Stanley Black & Decker in the 4th quarter worth about $133,952,000. Price T Rowe Associates Inc. MD boosted its stake in Stanley Black & Decker by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock worth $1,802,975,000 after buying an additional 1,250,925 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Stanley Black & Decker by 9,029.0% in the 4th quarter. International Assets Investment Management LLC now owns 421,304 shares of the industrial products company’s stock worth $41,330,000 after buying an additional 416,689 shares during the last quarter. Kodai Capital Management LP purchased a new position in shares of Stanley Black & Decker in the 4th quarter worth about $32,679,000. Finally, Sabal Trust CO purchased a new position in shares of Stanley Black & Decker in the 2nd quarter worth about $19,878,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.