The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Stanley Black & Decker Inc. shares valued at $2,565,000 were purchased by MANNING ROBERT J on Sep 08. At $85.50 per share, MANNING ROBERT J acquired 30,000 shares. The insider’s holdings grew to 30,000 shares worth approximately $2.42 million following the completion of this transaction.
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Also, Link Janet sold 1,000 shares, netting a total of over 90,960 in proceeds. Following the sale of shares at $90.96 each, the insider now holds 28,260 shares.
Before that, Ayers Andrea J. had added 15,500 shares to its account. In a trade valued at $1,483,142, the Director bought Stanley Black & Decker Inc. shares for $95.69 each. Upon closing the transaction, the insider’s holdings increased to 15,500 shares, worth approximately $1.25 million.
As published in a research note from Deutsche Bank on August 17, 2022, Stanley Black & Decker Inc. [SWK] has been rated down from a Buy to a Hold and the price target has been revised to $111 from $126. This represents a 27.23% premium over Thursday’s closing price. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early August. As of July 29, 2022, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for SWK. Earlier on July 29, 2022, Vertical Research downgraded its rating. Their new recommendation was “a Hold” for SWK stock which previously was a “a Buy”.
Analyzing SWK’s Price Performance
On Thursday, Stanley Black & Decker Inc. [NYSE: SWK] plunged -3.22% to $80.77. The stock’s lowest price that day was $80.63, but it reached a high of $83.34 in the same session. During the last five days, there has been a drop of approximately -5.66%. Over the course of the year, Stanley Black & Decker Inc. shares have dropped approximately -57.18%. Shares of the company reached a 52-week high of $196.52 on 01/13/22 and a 52-week low of $80.63 on 09/22/22. A 50-day SMA is recorded $96.28, while a 200-day SMA reached $134.62. Nevertheless, trading volume fell to 1.55 million shares from 1.3 million shares the previous day.
Support And Resistance Levels for Stanley Black & Decker Inc. (SWK)
According to the 24-hour chart, there is a support level at 79.82, which, if violated, would cause prices to drop to 78.87. In the upper region, resistance lies at 82.53. The next price resistance is at 84.29. RSI (Relative Strength Index) is 30.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.41, which suggests the price will decrease in the coming days. Percent R is at 98.75%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Stanley Black & Decker Inc. subject to short interest?
Stocks of Stanley Black & Decker Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.53 million shares to 5.25 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.78 million shares. A decline of -10.1% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.03 of the overall float, the days-to-cover ratio (short ratio) decline to 3.03.
Which companies own the most shares of Stanley Black & Decker Inc. (SWK)?
According to The Vanguard Group, Inc. filings, the company currently owns 16,929,453 shares, which is about 11.45% of the total SWK shares outstanding. The investor’s shares have plunged by -1,057,467 from its previous 13-F filing of 17986920.0 shares. With the completion of the sale transaction, Massachusetts Financial Services’s stake is now worth $703,067,514. SSgA Funds Management, Inc. acquire a 3.57% interest valued at $690.37 million while BlackRock Fund Advisors sold a -211,959 stake. A total of -119,005 shares of Stanley Black & Decker Inc. were sold by Wells Fargo Bank, NA during the quarter, and -46,675 were sold by Barrow, Hanley, Mewhinney & Strau. In its current portfolio, Geode Capital Management LLC holds 2,910,425 shares valued at $256.41 million.
In terms of Stanley Black & Decker Inc. share price expectations, FactSet research, analysts set an average price target of $114.27 in the next 12 months, up nearly 33.0% from the previous closing price of $83.46. Analysts anticipate Stanley Black & Decker Inc. stock to reach $155.00 by 2022, with the lowest price target being $90.00. In spite of this, 20 analysts ranked Stanley Black & Decker Inc. stock as a Hold at the end of 2022. On April 29, 2022, Mizuho assigned a price target of “a Neutral” to the stock and downgraded coverage with a $145.