John H. Wyatt Sells 6,956 Shares of Stanley Black & Decker, Inc. (SWK) Stock

Stanley Black & Decker, Inc. (NYSE:SWK) insider John H. Wyatt sold 6,956 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $147.96, for a total transaction of $1,029,209.76. Following the completion of the transaction, the insider now directly owns 49,188 shares of the company’s stock, valued at approximately $7,277,856.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Stanley Black & Decker, Inc. (NYSE:SWK) opened at 147.50 on Wednesday. Stanley Black & Decker, Inc. has a 12 month low of $111.89 and a 12 month high of $148.32. The stock has a 50 day moving average of $140.78 and a 200-day moving average of $137.54. The company has a market cap of $22.59 billion, a P/E ratio of 18.89 and a beta of 1.10.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Monday, July 24th. The industrial products company reported $2.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.05. The company had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.18 billion. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.84 earnings per share. Equities research analysts expect that Stanley Black & Decker, Inc. will post $7.30 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 1st will be issued a $0.63 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.71%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.58. Stanley Black & Decker’s dividend payout ratio is currently 32.31%.

WARNING: “John H. Wyatt Sells 6,956 Shares of Stanley Black & Decker, Inc. (SWK) Stock” was originally posted by Stock Observer and is the sole property of of Stock Observer. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://www.thestockobserver.com/2017/09/13/john-h-wyatt-sells-6956-shares-of-stanley-black-decker-inc-swk-stock.html.

A number of research analysts recently weighed in on the stock. FBR & Co reaffirmed an “outperform” rating on shares of Stanley Black & Decker in a research report on Tuesday, July 11th. Zacks Investment Research downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Wolfe Research assumed coverage on shares of Stanley Black & Decker in a research report on Tuesday, July 11th. They issued an “outperform” rating and a $160.00 target price for the company. BidaskClub downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, MKM Partners assumed coverage on shares of Stanley Black & Decker in a research report on Friday, July 7th. They issued a “buy” rating and a $166.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Stanley Black & Decker has an average rating of “Buy” and an average price target of $153.71.

Hedge funds have recently made changes to their positions in the company. BB&T Investment Services Inc. purchased a new stake in shares of Stanley Black & Decker in the second quarter valued at about $102,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Stanley Black & Decker in the first quarter valued at about $108,000. Acrospire Investment Management LLC raised its holdings in shares of Stanley Black & Decker by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 800 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 400 shares during the last quarter. Farmers & Merchants Investments Inc. raised its holdings in shares of Stanley Black & Decker by 2.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 23 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. raised its holdings in shares of Stanley Black & Decker by 87.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 986 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 461 shares during the last quarter. Institutional investors own 83.74% of the company’s stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

Insider Buying and Selling by Quarter for Stanley Black & Decker (NYSE:SWK)

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

Leave a Reply