Traders Purchase High Volume of Stanley Black & Decker Call Options (SWK)
Stanley Black & Decker, Inc. (NYSE:SWK) was the target of some unusual options trading activity on Tuesday. Traders purchased 8,823 call options on the stock. This represents an increase of 1,416% compared to the average daily volume of 582 call options.
A number of analysts have recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of Stanley Black & Decker in a report on Monday. They set an “outperform” rating and a $170.00 target price for the company. B. Riley reiterated a “buy” rating on shares of Stanley Black & Decker in a report on Thursday, June 7th. ValuEngine upgraded shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Friday, July 20th. Barclays increased their target price on shares of Stanley Black & Decker from $164.00 to $166.00 and gave the stock a “$138.69” rating in a report on Monday, July 23rd. Finally, UBS Group dropped their target price on shares of Stanley Black & Decker from $195.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, August 30th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Stanley Black & Decker has an average rating of “Buy” and an average price target of $178.69.
In other Stanley Black & Decker news, VP Jocelyn Belisle sold 1,185 shares of the company’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $139.04, for a total transaction of $164,762.40. Following the completion of the sale, the vice president now directly owns 12,766 shares in the company, valued at $1,774,984.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.69% of the company’s stock.
SWK stock opened at $150.76 on Wednesday. Stanley Black & Decker has a 1 year low of $130.56 and a 1 year high of $176.62. The stock has a market capitalization of $22.70 billion, a P/E ratio of 20.04, a P/E/G ratio of 1.75 and a beta of 1.01. The company has a quick ratio of 0.51, a current ratio of 0.94 and a debt-to-equity ratio of 0.38.
Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Friday, July 20th. The industrial products company reported $2.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.54. Stanley Black & Decker had a net margin of 7.52% and a return on equity of 16.54%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the prior year, the firm earned $0.58 earnings per share. Stanley Black & Decker’s revenue was up 10.9% on a year-over-year basis. equities analysts anticipate that Stanley Black & Decker will post 8.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Investors of record on Friday, September 7th were paid a $0.66 dividend. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.63. This represents a $2.64 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Thursday, September 6th. Stanley Black & Decker’s dividend payout ratio is presently 35.44%.
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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