Stanley Black & Decker, Inc. (NYSE:SWK) Director Michael David Hankin purchased 907 shares of Stanley Black & Decker stock in a transaction that occurred on Monday, October 29th. The stock was acquired at an average cost of $112.93 per share, with a total value of $102,427.51. Following the acquisition, the director now directly owns 2,157 shares of the company’s stock, valued at approximately $243,590.01. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.
NYSE SWK traded up $4.82 on Tuesday, hitting $113.27. 104,292 shares of the stock traded hands, compared to its average volume of 1,872,304. Stanley Black & Decker, Inc. has a twelve month low of $106.41 and a twelve month high of $176.62. The stock has a market capitalization of $16.86 billion, a P/E ratio of 15.19, a PEG ratio of 1.44 and a beta of 0.98. The company has a quick ratio of 0.48, a current ratio of 0.92 and a debt-to-equity ratio of 0.35.
Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data 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 return on equity of 16.30% and a net margin of 7.22%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.59 billion. On average, analysts anticipate that Stanley Black & Decker, Inc. will post 8.15 EPS for the current year.
SWK has been the subject of a number of analyst reports. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a report on Saturday, July 7th. Barclays reduced their price target 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. Wells Fargo & Co reduced their price target on Stanley Black & Decker from $194.00 to $168.00 and set an “outperform” rating for the company in a report on Tuesday, July 17th. Robert W. Baird reissued a “neutral” rating on shares of Stanley Black & Decker in a report on Friday, July 20th. Finally, ValuEngine raised Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. Stanley Black & Decker currently has an average rating of “Buy” and an average price target of $165.00.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Mount Yale Investment Advisors LLC acquired a new stake in shares of Stanley Black & Decker during the 1st quarter worth approximately $117,000. NEXT Financial Group Inc acquired a new stake in shares of Stanley Black & Decker during the 3rd quarter worth approximately $139,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Stanley Black & Decker during the 2nd quarter worth approximately $136,000. Checchi Capital Advisers LLC acquired a new stake in shares of Stanley Black & Decker during the 3rd quarter worth approximately $207,000. Finally, Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Stanley Black & Decker during the 3rd quarter worth approximately $212,000. Hedge funds and other institutional investors 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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