Stanley Black & Decker, Inc. (SWK) Short Interest Up 70.4% in April
Stanley Black & Decker, Inc. (NYSE:SWK) saw a significant growth in short interest in April. As of April 30th, there was short interest totalling 3,583,340 shares, a growth of 70.4% from the April 13th total of 2,102,742 shares. Approximately 2.3% of the company’s shares are sold short. Based on an average daily volume of 2,087,640 shares, the short-interest ratio is presently 1.7 days.
SWK has been the topic of a number of recent research reports. Seaport Global Securities reaffirmed a “buy” rating and set a $193.00 price objective on shares of Stanley Black & Decker in a research report on Tuesday, January 23rd. UBS initiated coverage on Stanley Black & Decker in a research report on Tuesday, January 23rd. They set a “buy” rating and a $200.00 price objective on the stock. MKM Partners upped their price objective on Stanley Black & Decker from $170.59 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. JPMorgan Chase reaffirmed a “buy” rating and set a $190.00 price objective on shares of Stanley Black & Decker in a research report on Thursday, January 25th. Finally, Morgan Stanley set a $178.00 price objective on Stanley Black & Decker and gave the stock a “buy” rating in a research report on Monday, March 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $180.50.
In related news, Director Michael David Hankin acquired 350 shares of the business’s stock in a transaction dated Friday, April 27th. The shares were acquired at an average price of $143.28 per share, with a total value of $50,148.00. Following the completion of the transaction, the director now owns 1,250 shares of the company’s stock, valued at $179,100. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Joseph R. Voelker sold 3,284 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $151.44, for a total value of $497,328.96. Following the sale, the senior vice president now directly owns 20,367 shares in the company, valued at approximately $3,084,378.48. The disclosure for this sale can be found here. 0.69% of the stock is owned by corporate insiders.
NYSE SWK opened at $141.41 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.57. Stanley Black & Decker has a 1 year low of $141.79 and a 1 year high of $143.09. The firm has a market capitalization of $22.14 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.68 and a beta of 1.02.
Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Friday, April 20th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.04. Stanley Black & Decker had a net margin of 7.63% and a return on equity of 15.65%. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. Stanley Black & Decker’s revenue for the quarter was up 12.4% on a year-over-year basis. sell-side analysts anticipate that Stanley Black & Decker will post 8.42 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 19th. Stockholders of record on Wednesday, June 6th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.78%. Stanley Black & Decker’s dividend payout ratio (DPR) is 33.83%.
Stanley Black & Decker Company Profile
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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