Insider Selling: Stanley Black & Decker, Inc. (SWK) SVP Sells $918,253.79 in Stock

Stanley Black & Decker, Inc. (NYSE:SWK) SVP Jaime A. Ramirez sold 8,251 shares of the firm’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $111.29, for a total value of $918,253.79. Following the completion of the transaction, the senior vice president now owns 36,566 shares of the company’s stock, valued at approximately $4,069,430.14. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of NYSE:SWK opened at $116.52 on Thursday. Stanley Black & Decker, Inc. has a 52-week low of $106.41 and a 52-week high of $176.62. The stock has a market capitalization of $16.65 billion, a P/E ratio of 15.64, a PEG ratio of 1.42 and a beta of 0.98. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.48.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, October 25th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.04. Stanley Black & Decker had a net margin of 7.22% and a return on equity of 16.30%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.59 billion. On average, sell-side analysts expect that Stanley Black & Decker, Inc. will post 8.13 EPS for the current year.



The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Friday, November 30th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $2.64 annualized dividend and a yield of 2.27%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 35.44%.

Several brokerages have recently weighed in on SWK. Zacks Investment Research cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Morgan Stanley began coverage on Stanley Black & Decker in a report on Monday, August 20th. They issued an “overweight” rating and a $164.00 price objective for the company. Gabelli upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Monday, October 22nd. Macquarie decreased their price objective on Stanley Black & Decker from $180.00 to $175.00 and set an “outperform” rating for the company in a report on Thursday, September 6th. Finally, Barclays decreased their price objective on Stanley Black & Decker from $181.00 to $164.00 and set an “overweight” rating for the company in a report on Monday, July 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. Stanley Black & Decker has a consensus rating of “Buy” and a consensus target price of $165.00.

A number of large investors have recently modified their holdings of the stock. Fulton Bank N.A. lifted its stake in Stanley Black & Decker by 9.1% in the 3rd quarter. Fulton Bank N.A. now owns 5,032 shares of the industrial products company’s stock valued at $737,000 after purchasing an additional 418 shares during the last quarter. Dumont & Blake Investment Advisors LLC lifted its stake in Stanley Black & Decker by 6.0% in the 3rd quarter. Dumont & Blake Investment Advisors LLC now owns 7,965 shares of the industrial products company’s stock valued at $1,166,000 after purchasing an additional 450 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Stanley Black & Decker by 22.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,527 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 464 shares during the last quarter. Aristotle Atlantic Partners LLC lifted its stake in Stanley Black & Decker by 30.3% in the 2nd quarter. Aristotle Atlantic Partners LLC now owns 2,066 shares of the industrial products company’s stock valued at $274,000 after purchasing an additional 481 shares during the last quarter. Finally, Bollard Group LLC lifted its stake in Stanley Black & Decker by 1.2% in the 2nd quarter. Bollard Group LLC now owns 41,827 shares of the industrial products company’s stock valued at $5,555,000 after purchasing an additional 485 shares during the last quarter. Institutional investors and hedge funds own 83.87% of the company’s stock.

About Stanley Black & Decker

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

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