Stanley Black & Decker, Inc. (NYSE:SWK) EVP Jeffrey D. Ansell sold 20,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $161.90, for a total transaction of $3,238,000.00. Following the completion of the sale, the executive vice president now directly owns 46,574 shares in the company, valued at approximately $7,540,330.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
SWK traded down $0.32 on Tuesday, reaching $157.62. The company had a trading volume of 761,141 shares, compared to its average volume of 1,096,637. The company has a fifty day moving average of $147.91 and a 200-day moving average of $142.36. The company has a market capitalization of $23.99 billion, a P/E ratio of 19.34, a PEG ratio of 2.09 and a beta of 1.40. The company has a current ratio of 0.98, a quick ratio of 0.47 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a one year low of $110.54 and a one year high of $162.15.
Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Thursday, October 24th. The industrial products company reported $2.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.10. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.65 billion. Stanley Black & Decker had a net margin of 4.80% and a return on equity of 17.10%. Stanley Black & Decker’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.08 EPS. Research analysts predict that Stanley Black & Decker, Inc. will post 8.4 EPS for the current year.
Stanley Black & Decker declared that its Board of Directors has initiated a share buyback plan on Thursday, October 24th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the industrial products company to reacquire up to 0.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Usca Ria LLC bought a new position in shares of Stanley Black & Decker during the 3rd quarter valued at about $28,000. Massey Quick Simon & CO. LLC boosted its position in shares of Stanley Black & Decker by 3,900.0% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 200 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 195 shares in the last quarter. Doyle Wealth Management bought a new position in shares of Stanley Black & Decker during the 2nd quarter valued at about $30,000. Meeder Asset Management Inc. bought a new position in shares of Stanley Black & Decker during the 2nd quarter valued at about $36,000. Finally, Flagship Harbor Advisors LLC boosted its position in shares of Stanley Black & Decker by 134.5% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 272 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 85.67% of the company’s stock.
SWK has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Stanley Black & Decker from a “hold” rating to a “sell” rating and set a $154.00 price objective on the stock. in a report on Monday, October 14th. Wolfe Research set a $160.00 price objective on shares of Stanley Black & Decker and gave the stock a “hold” rating in a report on Friday, October 25th. Morgan Stanley dropped their price objective on shares of Stanley Black & Decker from $161.00 to $158.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. ValuEngine raised shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, Gabelli cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $157.47.
Stanley Black & Decker Company Profile
Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.
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