Recent Insider Activity Suggests Potential Gains for Stanley Black & Decker Inc. (SWK)


Stanley Black & Decker Inc.’s recently made public that its SVP, General Counsel & Sec’y Link Janet unloaded Company’s shares for reported $0.3 million on Aug 07. In the deal valued at $98.76 per share,3,081 shares were sold. As a result of this transaction, Link Janet now holds 32,690 shares worth roughly $ 3.03 million.

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Then, Link Janet sold 2,581 shares, generating $221,282 in total proceeds. Upon selling the shares at $85.73, the SVP, General Counsel & Sec’y now owns 36,352 shares.

Before that, Walburger Corbin sold 5,248 shares. Stanley Black & Decker Inc. shares valued at $424,044 were divested by the Interim CFO at a price of $80.80 per share. As a result of the transaction, Walburger Corbin now holds 17,993 shares, worth roughly $1.67 million.

Wolfe Research downgraded its Stanley Black & Decker Inc. [SWK] rating to an Underperform from a a Peer perform in a research note published on Tuesday. PT values the company’s stock at a premium of 1.45 to its Tuesday closing price.

Price Performance Review of SWK

On Tuesday, Stanley Black & Decker Inc. [NYSE:SWK] saw its stock fall -1.92% to $92.64. On the same session, the stock had its day’s lowest price of $92.56, but rose to a high of $95.03. Over the last five days, the stock has gained 1.88%. Stanley Black & Decker Inc. shares have risen nearly 23.32% since the year began. Nevertheless, the stocks have risen 5.66% over the past one year. While a 52-week high of $104.21 was reached on 08/01/23, a 52-week low of $70.24 was recorded on 03/24/23. SMA at 50 days reached $94.69, while 200 days put it at $85.30. A total of 1.11 million shares were traded, compared to the trading of 0.81 million shares in the previous session.

Levels Of Support And Resistance For SWK Stock

The 24-hour chart illustrates a support level at 91.79, which if violated will result in even more drops to 90.94. On the upside, there is a resistance level at 94.26. A further resistance level may holdings at 95.88. The Relative Strength Index (RSI) on the 14-day chart is 47.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.37, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.41%. Stochastics %K at 72.26% 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 Aug 14, 2023, dropping by -1.4 million shares to a total of 7.43 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 8.83 million shares. There was a decline of -18.84%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.52% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.69.

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 18,226,586 shares, or roughly 11.90% of the outstanding SWK shares. In other words, the investor’s shares have risen by 602,621 from its previous 13-F filing of 17623965.0. Additionally, T. Rowe Price Associates, Inc. increased 6.24% of its stake after which the total value it holdings stand at $1,623,768,424, while SSgA Funds Management, Inc. reduced -3.09% of its stake to hold $1.13 billion in the firm. Over the last quarter, BlackRock Fund Advisors purchased 17,327 shares of Stanley Black & Decker Inc., while Capital Research & Management Co bought 87,202 shares. At present, Wells Fargo Bank, NA is holding 3,698,145 shares valued at $367.11 million. Barrow, Hanley, Mewhinney & Strau owned 3,458,501 shares of the company at the time of its most recent 13F filing, worth $343.33 million.

According to FactSet, Stanley Black & Decker Inc.’s share price will average $100.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 4.29 percent from its previous closing price of $94.45. Analysts expect Stanley Black & Decker Inc. stock to reach the higher price of $120.00, while the lowest price estimate is $90.00. However, 18 analysts have rated SWK stock as a Hold in their predictions for 2023.


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