Investors Buy Shares of Stanley Black & Decker (SWK) on Weakness
Traders bought shares of Stanley Black & Decker, Inc. (NYSE:SWK) on weakness during trading on Monday. $122.31 million flowed into the stock on the tick-up and $74.40 million flowed out of the stock on the tick-down, for a money net flow of $47.91 million into the stock. Of all stocks tracked, Stanley Black & Decker had the 21st highest net in-flow for the day. Stanley Black & Decker traded down ($2.87) for the day and closed at $151.49
A number of equities research analysts have weighed in on the company. Credit Suisse Group assumed coverage on Stanley Black & Decker in a report on Monday, September 17th. They issued an “outperform” rating and a $170.00 price objective on the stock. Macquarie lowered their price objective on Stanley Black & Decker from $180.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, September 6th. UBS Group lowered their price objective on Stanley Black & Decker from $195.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, August 30th. Morgan Stanley assumed coverage on Stanley Black & Decker in a report on Monday, August 20th. They issued an “overweight” rating and a $164.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Stanley Black & Decker from $172.00 to $176.00 and gave the company a “$138.69” rating in a report on Monday, July 23rd. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Stanley Black & Decker has a consensus rating of “Buy” and a consensus target price 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 stock has a market cap of $23.62 billion, a PE ratio of 20.02, a P/E/G ratio of 1.82 and a beta of 1.01.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Friday, September 7th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.77%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.63. The ex-dividend date was Thursday, September 6th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 35.44%.
In other news, VP Jocelyn Belisle sold 1,185 shares of Stanley Black & Decker stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $139.04, for a total transaction of $164,762.40. Following the completion of the sale, the vice president now directly owns 12,766 shares in the company, valued at approximately $1,774,984.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.69% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Mount Yale Investment Advisors LLC acquired a new position in shares of Stanley Black & Decker during the 1st quarter worth approximately $117,000. Flagship Harbor Advisors LLC acquired a new position in Stanley Black & Decker in the 2nd quarter valued at $136,000. Paragon Capital Management Ltd acquired a new position in Stanley Black & Decker in the 2nd quarter valued at $204,000. Intact Investment Management Inc. acquired a new position in Stanley Black & Decker in the 2nd quarter valued at $213,000. Finally, RFG Advisory Group LLC acquired a new position in Stanley Black & Decker in the 2nd quarter valued at $219,000. Institutional investors own 83.52% of the company’s stock.
About Stanley Black & Decker (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.
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