Stanley Black & Decker Inc. (NYSE:SWK) declared a quarterly dividend on Thursday, October 20th. Investors of record on Friday, December 2nd will be given a dividend of 0.58 per share on Tuesday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Wednesday, November 30th.
Stanley Black & Decker (NYSE:SWK) opened at 119.64 on Tuesday. The firm has a market cap of $18.03 billion, a PE ratio of 18.19 and a beta of 1.13. The company has a 50-day moving average price of $119.30 and a 200-day moving average price of $118.43. Stanley Black & Decker has a 12-month low of $88.72 and a 12-month high of $126.72.
Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, October 27th. The company reported $1.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.06. Stanley Black & Decker had a return on equity of 16.77% and a net margin of 8.61%. The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the firm earned $1.55 earnings per share. Stanley Black & Decker’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities analysts predict that Stanley Black & Decker will post $6.49 earnings per share for the current year.
A number of analysts have weighed in on the company. Zacks Investment Research cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Longbow Research cut Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research note on Monday, August 22nd. Finally, Imperial Capital reiterated an “in-line” rating and set a $125.00 target price on shares of Stanley Black & Decker in a research report on Tuesday, October 18th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $117.45.
In other Stanley Black & Decker news, Director Michael David Hankin acquired 450 shares of the stock in a transaction on Friday, October 28th. The shares were bought at an average price of $114.54 per share, with a total value of $51,543.00. Following the acquisition, the director now owns 900 shares of the company’s stock, valued at $103,086. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James M. Loree sold 35,210 shares of Stanley Black & Decker stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $125.11, for a total value of $4,405,123.10. Following the completion of the sale, the chief executive officer now directly owns 192,348 shares in the company, valued at approximately $24,064,658.28. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.
A number of large investors have recently made changes to their positions in SWK. Krilogy Financial LLC raised its stake in shares of Stanley Black & Decker by 9.4% in the second quarter. Krilogy Financial LLC now owns 1,192 shares of the company’s stock worth $133,000 after buying an additional 102 shares in the last quarter. Bluestein R H & Co. acquired a new stake in shares of Stanley Black & Decker during the second quarter worth $222,000. Wetherby Asset Management Inc. raised its stake in shares of Stanley Black & Decker by 1.9% in the second quarter. Wetherby Asset Management Inc. now owns 2,066 shares of the company’s stock worth $230,000 after buying an additional 38 shares in the last quarter. Cetera Advisor Networks LLC acquired a new stake in shares of Stanley Black & Decker during the third quarter worth $237,000. Finally, Nuveen Fund Advisors LLC acquired a new stake in shares of Stanley Black & Decker during the second quarter worth $299,000. 83.55% of the stock is currently owned by institutional investors.
Stanley Black & Decker Company Profile