Taking a Closer Look At Stanley Black & Decker Inc. (SWK) Following Its Recent Trade


Stanley Black & Decker Inc.’s recent filing unveils that its Director MANNING ROBERT J acquired Company’s shares for reported $2.56 million on Sep 08. In the deal valued at $85.50 per share,30,000 shares were bought. As a result of this transaction, MANNING ROBERT J now holds 30,000 shares worth roughly $ 2.24 million.

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Then, Link Janet sold 1,000 shares, generating $90,960 in total proceeds. Upon selling the shares at $90.96, the SVP, General Counsel & Sec’y now owns 28,260 shares.

Before that, Ayers Andrea J. bought 15,500 shares. Stanley Black & Decker Inc. shares valued at $1,483,142 were divested by the Director at a price of $95.69 per share. As a result of the transaction, Ayers Andrea J. now holds 15,500 shares, worth roughly $1.16 million.

Robert W. Baird downgraded its Stanley Black & Decker Inc. [SWK] rating to a Neutral from a an Outperform in a research note published on Friday, October 28, 2022; the price target was decreased to $80 from $85. PT values the company’s stock at a premium of 6.7 to its Friday closing price. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who decreased its forecast for the stock in mid October from “an Outperform” to “a Neutral”. Morgan Stanley also remained covering SWK and has decreased its forecast on October 12, 2022 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Deutsche Bank revised its rating on August 17, 2022. It rated SWK as “a Hold” which previously was an “a Buy”.

Price Performance Review of SWK

On Friday, Stanley Black & Decker Inc. [NYSE:SWK] saw its stock jump 4.16% to $74.64. On the same session, the stock had its day’s lowest price of $72.42, but rose to a high of $74.8117. Over the last five days, the stock has lost -4.93%. Stanley Black & Decker Inc. shares have fallen nearly -60.43% since the year began. Nevertheless, the stocks have fallen -59.49% over the past one year. While a 52-week high of $199.20 was reached on 01/13/22, a 52-week low of $70.24 was recorded on 10/13/22. SMA at 50 days reached $80.87, while 200 days put it at $117.43. A total of 1.62 million shares were traded, compared to the trading of 2.11 million shares in the previous session.

Levels Of Support And Resistance For SWK Stock

The 24-hour chart illustrates a support level at 73.10, which if violated will result in even more drops to 71.57. On the upside, there is a resistance level at 75.49. A further resistance level may holdings at 76.35. The Relative Strength Index (RSI) on the 14-day chart is 44.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.96%. Stochastics %K at 23.47% indicates the stock is a holding.

How much short interest is there in Stanley Black & Decker Inc.?

A steep rise in short interest was recorded in Stanley Black & Decker Inc. stocks on Jul 14, 2022, dropping by -0.53 million shares to a total of 5.25 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 5.78 million shares. There was a decline of -10.1%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.49% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.03.

Stanley Black & Decker Inc. [SWK] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 16,929,453 shares, or roughly 11.45% of the outstanding SWK shares. In other words, the investor’s shares have fallen by -1,057,467 from its previous 13-F filing of 17986920.0. Additionally, Massachusetts Financial Services decreased -1.44% of its stake after which the total value it holdings stand at $600,200,995, while SSgA Funds Management, Inc. added 3.57% of its stake to hold $589.36 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -211,959 shares of Stanley Black & Decker Inc., while Wells Fargo Bank, NA sold -119,005 shares. At present, Barrow, Hanley, Mewhinney & Strau is holding 3,092,400 shares valued at $232.58 million. Geode Capital Management LLC owned 2,910,425 shares of the company at the time of its most recent 13F filing, worth $218.89 million.

According to FactSet, Stanley Black & Decker Inc.’s share price will average $85.88 in the next year, based on opinions of analysts polled by the firm. This is up nearly 13.03 percent from its previous closing price of $71.66. Analysts expect Stanley Black & Decker Inc. stock to reach the higher price of $120.00, while the lowest price estimate is $69.00. However, 19 analysts have rated SWK stock as a Hold in their predictions for 2022.


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