Insider Selling: Stanley Black & Decker, Inc. (NYSE:SWK) SVP Sells 3,442 Shares of Stock

Stanley Black & Decker, Inc. (NYSE:SWK) SVP Janet Link sold 3,442 shares of the company’s stock in a transaction on 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 transaction, the senior vice president now owns 32,860 shares of the company’s stock, valued at $2,852,248. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK traded up $0.28 during midday trading on Tuesday, reaching $87.29. The company’s stock had a trading volume of 1,491,030 shares, compared to its average volume of 1,439,400. Stanley Black & Decker, Inc. has a fifty-two week low of $73.87 and a fifty-two week high of $104.21. The company has a market capitalization of $13.43 billion, a P/E ratio of -126.51, a P/E/G ratio of 2.31 and a beta of 1.33. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.40. The business’s fifty day simple moving average is $91.55 and its 200-day simple moving average is $91.52.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company posted ($0.41) earnings per share. As a group, equities research analysts expect that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be given a $0.81 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.24 dividend on an annualized basis and a yield of 3.71%. Stanley Black & Decker’s payout ratio is -469.56%.

Analyst Ratings Changes

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

Institutional Trading of Stanley Black & Decker

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. M&T Bank Corp raised its holdings in shares of Stanley Black & Decker by 0.3% during the 4th quarter. M&T Bank Corp now owns 37,763 shares of the industrial products company’s stock worth $3,705,000 after buying an additional 113 shares in the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of Stanley Black & Decker by 0.6% during the 4th quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company’s stock worth $2,049,000 after buying an additional 117 shares in the last quarter. Czech National Bank grew its position in Stanley Black & Decker by 0.5% during the 1st quarter. Czech National Bank now owns 26,975 shares of the industrial products company’s stock worth $2,642,000 after acquiring an additional 124 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in Stanley Black & Decker by 39.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 140 shares during the last quarter. Finally, Kinloch Capital LLC grew its position in Stanley Black & Decker by 0.4% during the 3rd quarter. Kinloch Capital LLC now owns 37,691 shares of the industrial products company’s stock worth $3,150,000 after acquiring an additional 141 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

About Stanley Black & Decker

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.