Stanley Black & Decker (NYSE:SWK) had declared a cash dividend of $0.5800 on Jul 21, 2016. The shares will quote ex-dividend on Aug 31, 2016 and the record date has been fixed for Sep 2, 2016. On Jul 21, 2016 share price, the yield comes out to be 1.9831%. The dividend payable date has been fixed on Sep 20, 2016.
In a different note, Goldman Sachs said it Initiates Coverage on Stanley Black & Decker, according to a research note issued on Jun 10, 2016. The shares have been rated ‘Neutral’ by the firm. On Apr 25, 2016, JP Morgan said it Maintains its rating on Stanley Black & Decker. In the research note, the firm Raises the price-target to $103.00 per share. The shares have been rated ‘Neutral’ by the firm.
Stanley Black & Decker (SWK) made into the market gainers list on Wednesdays trading session with the shares advancing 0.34% or 0.4 points. Due to strong positive momentum, the stock ended at $116.99, which is also near the day’s high of $117.28. The stock began the session at $116.83 and the volume stood at 6,88,374 shares. The 52-week high of the shares is $118.47 and the 52 week low is $88.72. The company has a current market capitalization of $17,562 M and it has 15,01,16,620 shares in outstanding.
Stanley Black & Decker(SWK) last announced its earnings results on Apr 21, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.67B. Analysts had an estimated revenue of $2.56B. Earnings per share were $1.28. Analysts had estimated an EPS of $1.14.
Several Insider Transactions has been reported to the SEC. On Jul 15, 2016, Lee B Mcchesney (CFO,GT&S and Pres.,Ind Vert) sold 1,875 shares at $118.06 per share price.Also, On May 26, 2016, Rhonda Gass (VP & Chief Information Officer) sold 1,978 shares at $114.75 per share price.On May 26, 2016, Ben S Sihota (SVP, Corp Initiatives) sold 4,375 shares at $114.70 per share price, according to the Form-4 filing with the securities and exchange commission.
Stanley Black & Decker Inc. is a global provider of power and hand tools products and services. The Company provides products and services for various industrial applications mechanical access solutions (automatic doors and commercial locking systems) and electronic security and monitoring systems. The Company’s operating segments include: Construction & Do-It-Yourself (CDIY) Industrial and Security. The CDIY segment consists of the Professional Power Tool Business; the Consumer Products Group which includes outdoor products; the Hand Tools & Storage business and the Fastening & Accessories business. The Industrial segment consists of the Industrial and Automotive Repair (IAR) Engineered Fastening and Infrastructure Businesses. The Security segment consists of the Convergent Security Solutions (CSS) and Mechanical Access Solutions (MAS) businesses.