Insider Selling: Stanley Black & Decker, Inc. (NYSE:SWK) Insider Sells $2,797,725.00 in Stock

Stanley Black & Decker, Inc. (NYSE:SWK) insider John H. Wyatt sold 17,500 shares of Stanley Black & Decker stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $159.87, for a total transaction of $2,797,725.00. Following the completion of the sale, the insider now owns 66,351 shares in the company, valued at approximately $10,607,534.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

SWK opened at $157.84 on Friday. The firm has a market capitalization of $24.32 billion, a PE ratio of 19.37, a PEG ratio of 2.46 and a beta of 1.40. Stanley Black & Decker, Inc. has a twelve month low of $110.54 and a twelve month high of $162.15. The firm’s 50-day moving average price is $147.26 and its 200 day moving average price is $142.23. The company has a current ratio of 0.98, a quick ratio of 0.47 and a debt-to-equity ratio of 0.52.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, October 24th. The industrial products company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.10. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.65 billion. Stanley Black & Decker had a net margin of 4.80% and a return on equity of 17.10%. Stanley Black & Decker’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.08 earnings per share. As a group, analysts predict that Stanley Black & Decker, Inc. will post 8.39 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be given a dividend of $0.69 per share. The ex-dividend date is Wednesday, November 27th. This represents a $2.76 dividend on an annualized basis and a yield of 1.75%. Stanley Black & Decker’s payout ratio is presently 33.87%.

Stanley Black & Decker declared that its board has authorized a share repurchase program on Thursday, October 24th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the industrial products company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Several brokerages have recently issued reports on SWK. Buckingham Research lifted their target price on shares of Stanley Black & Decker from $149.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Zelman & Associates lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Wells Fargo & Co reiterated a “buy” rating on shares of Stanley Black & Decker in a research report on Tuesday, October 15th. Nomura lifted their target price on shares of Stanley Black & Decker from $160.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Zacks Investment Research lowered shares of Stanley Black & Decker from a “hold” rating to a “sell” rating and set a $154.00 target price on the stock. in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus target price of $157.47.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Usca Ria LLC acquired a new position in Stanley Black & Decker in the 3rd quarter valued at about $28,000. Massey Quick Simon & CO. LLC boosted its holdings in Stanley Black & Decker by 3,900.0% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 200 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 195 shares during the last quarter. Doyle Wealth Management acquired a new position in Stanley Black & Decker in the 2nd quarter valued at about $30,000. Meeder Asset Management Inc. acquired a new position in Stanley Black & Decker in the 2nd quarter valued at about $36,000. Finally, Flagship Harbor Advisors LLC boosted its holdings in Stanley Black & Decker by 134.5% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 272 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 85.37% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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