The stock of Stanley Black & Decker Inc (NYSE:SWK) last traded at $105.62, down -0.41% from the previous session.
SWK stock price is now 23.27% away from the 50-day moving average and 17.97% away from the 200-day moving average. The market capitalization of the company currently stands at $16.25B.
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With the price target reduced from $100 to $86, Barclays Downgraded its rating from Overweight to Equal Weight for Stanley Black & Decker Inc (NYSE: SWK). On December 14, 2023, JP Morgan Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock keeping its target price maintained at $89, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Link Janet, SVP, General Counsel & Sec’y sold 3,442 shares of the company’s stock on May 06 ’24. The stock was sold for $298,748 at an average price of $86.80. Upon completion of the transaction, the SVP, General Counsel & Sec’y now directly owns 32,860 shares in the company, valued at $3.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 05 ’23, SVP & President of Industrial Robinson Graham sold 2,000 shares of the business’s stock. A total of $183,660 was realized by selling the stock at an average price of $91.83. This leaves the insider owning 26,435 shares of the company worth $2.79 million. A total of 0.40% of the company’s stock is owned by insiders.
During the past 12 months, Stanley Black & Decker Inc has had a low of $76.26 and a high of $106.23. As of last week, the company has a debt-to-equity ratio of 0.72, a current ratio of 1.27, and a quick ratio of 0.42. The fifty day moving average price for SWK is $85.9914 and a two-hundred day moving average price translates $89.64195 for the stock.
The latest earnings results from Stanley Black & Decker Inc (NYSE: SWK) was released for 2024-06-29. The net profit margin was -1.74% and return on equity was -2.97% for SWK. The company reported revenue of $4.02 billion for the quarter, compared to $4.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.23 percent.
