Robert H. Raff, Jr. Sells 6,179 Shares of Stanley Black & Decker, Inc. (SWK) Stock

Stanley Black & Decker, Inc. (NYSE:SWK) insider Robert H. Raff, Jr. sold 6,179 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $151.66, for a total value of $937,107.14. Following the transaction, the insider now directly owns 14,116 shares of the company’s stock, valued at approximately $2,140,832.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of NYSE SWK traded up $0.83 during midday trading on Thursday, hitting $131.05. 1,042,998 shares of the stock traded hands, compared to its average volume of 1,374,671. Stanley Black & Decker, Inc. has a one year low of $106.41 and a one year high of $155.22. The stock has a market capitalization of $19.87 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 1.60 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.91 and a quick ratio of 0.43.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, April 24th. The industrial products company reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.32. Stanley Black & Decker had a return on equity of 17.01% and a net margin of 4.57%. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.30 billion. During the same period last year, the firm earned $1.39 EPS. Stanley Black & Decker’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 8.63 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be paid a $0.66 dividend. The ex-dividend date is Monday, June 3rd. This represents a $2.64 dividend on an annualized basis and a yield of 2.01%. Stanley Black & Decker’s payout ratio is presently 32.39%.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Buckingham Research increased their target price on Stanley Black & Decker from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, May 10th. TheStreet upgraded Stanley Black & Decker from a “c+” rating to a “b” rating in a research note on Wednesday, April 24th. Barclays increased their target price on Stanley Black & Decker from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Finally, Deutsche Bank cut their target price on Stanley Black & Decker from $167.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Stanley Black & Decker has a consensus rating of “Buy” and an average price target of $159.06.

A number of hedge funds have recently modified their holdings of the business. Phocas Financial Corp. purchased a new position in Stanley Black & Decker in the fourth quarter worth about $63,000. Norges Bank purchased a new position in Stanley Black & Decker in the fourth quarter worth about $164,721,000. Lindbrook Capital LLC purchased a new position in Stanley Black & Decker in the fourth quarter worth about $41,000. Comerica Bank grew its position in Stanley Black & Decker by 1.9% in the fourth quarter. Comerica Bank now owns 33,916 shares of the industrial products company’s stock worth $4,183,000 after acquiring an additional 619 shares in the last quarter. Finally, JOYN Advisors Inc. grew its position in Stanley Black & Decker by 76.5% in the fourth quarter. JOYN Advisors Inc. now owns 542 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 235 shares in the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Robert H. Raff, Jr. Sells 6,179 Shares of Stanley Black & Decker, Inc. (SWK) Stock” was first published by Rockland Register and is the sole property of of Rockland Register. If you are viewing this report on another website, it was stolen and reposted in violation of U.S. and international copyright law. The legal version of this report can be accessed at https://rocklandregister.com/2019/05/30/robert-h-raff-jr-sells-6179-shares-of-stanley-black-decker-inc-swk-stock.html.

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.

See Also: What are CEFs?

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

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.