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

Investors sold shares of Stanley Black & Decker, Inc. (NYSE:SWK) on strength during trading hours on Thursday. $82.96 million flowed into the stock on the tick-up and $101.69 million flowed out of the stock on the tick-down, for a money net flow of $18.73 million out of the stock. Of all equities tracked, Stanley Black & Decker had the 0th highest net out-flow for the day. Stanley Black & Decker traded up $0.69 for the day and closed at $130.92

SWK has been the topic of a number of research reports. ValuEngine lowered shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Wednesday, June 20th. Wolfe Research initiated coverage on shares of Stanley Black & Decker in a report on Wednesday, June 27th. They set a “market perform” rating on the stock. Zacks Investment Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a report on Saturday, July 7th. Barclays reduced their target price on shares of Stanley Black & Decker from $181.00 to $164.00 and set an “overweight” rating on the stock in a report on Monday, July 9th. Finally, Wells Fargo & Co reduced 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 report on Tuesday, July 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $178.69.

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.51 and a current ratio of 0.94. The company has a market cap of $22.41 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Friday, July 20th. The industrial products company reported $2.57 EPS for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.54. Stanley Black & Decker had a net margin of 7.52% and a return on equity of 16.54%. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same period in the prior year, the firm posted $0.58 EPS. The company’s quarterly revenue was up 10.9% on a year-over-year basis. On average, equities analysts predict that Stanley Black & Decker, Inc. will post 8.38 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Friday, September 7th were paid a $0.66 dividend. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.63. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, September 6th. Stanley Black & Decker’s dividend payout ratio is currently 35.44%.

In other news, VP Jocelyn Belisle sold 1,185 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $139.04, for a total value of $164,762.40. Following the sale, the vice president now directly owns 12,766 shares of the company’s stock, valued at approximately $1,774,984.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.69% of the company’s stock.

Large investors have recently bought and sold shares of the company. Summit Trail Advisors LLC boosted its stake in Stanley Black & Decker by 12,769.7% during the first quarter. Summit Trail Advisors LLC now owns 2,109,726 shares of the industrial products company’s stock worth $2,110,000 after acquiring an additional 2,093,333 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Stanley Black & Decker by 25.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,776,877 shares of the industrial products company’s stock worth $634,418,000 after acquiring an additional 974,556 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Stanley Black & Decker by 71.4% during the second quarter. Janus Henderson Group PLC now owns 1,818,994 shares of the industrial products company’s stock worth $241,581,000 after acquiring an additional 758,031 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in Stanley Black & Decker by 31.1% during the second quarter. Artisan Partners Limited Partnership now owns 1,291,435 shares of the industrial products company’s stock worth $171,515,000 after acquiring an additional 306,661 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Stanley Black & Decker by 46.8% during the first quarter. Millennium Management LLC now owns 843,724 shares of the industrial products company’s stock worth $129,259,000 after acquiring an additional 269,037 shares in the last quarter. 83.56% of the stock is currently owned by institutional investors.

Stanley Black & Decker Company Profile (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.

Read More: Book Value Per Share in Stock Trading

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply