Stanley Black & Decker (SWK) is Downgraded by Longbow to Neutral

Stanley Black & Decker (SWK) was Downgraded by Longbow to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Longbow advised their investors in a research report released on Aug 22, 2016.

Many Wall Street Analysts have commented on Stanley Black & Decker. Company shares were Reiterated by Imperial Capital on Jul 25, 2016 to “In-line”, Firm has raised the Price Target to $ 125 from a previous price target of $107 .Goldman Initiated Stanley Black & Decker on Jun 10, 2016 to “Neutral”, Price Target of the shares are set at $120.

On the company’s financial health, Stanley Black & Decker reported $1.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $1.71. The company had revenue of $2932.40 million for the quarter, compared to analysts expectations of $2910.15 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS.

Stanley Black & Decker closed down -0.09 points or -0.07% at $122.12 with 7,82,226 shares getting traded on Friday. Post opening the session at $121.75, the shares hit an intraday low of $121.48 and an intraday high of $122.26 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Investors should note that on Jul 21, 2016, Stanley Black & Decker announced a cash dividend of $0.5800. The company’s management has announced Aug 31, 2016 as the ex-dividend date and fixed the record date on Sep 2, 2016. The payable date has been fixed on Sep 20, 2016.

In a different news, on Aug 8, 2016, Michael A. Bartone (V.P. Corporate Tax) sold 5,387 shares at $123.25 per share price. According to the SEC, on Aug 5, 2016, Craig A Douglas (V.P. and Treasurer) sold 8,529 shares at $122.62 per share price. On Aug 2, 2016, James J Cannon (President, Security NA & EM) sold 5,776 shares at $121.40 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.

Stanley Black & Decker

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