A Rare Buy The Dip Moment: Stanley Black & Decker Inc. (SWK), Waste Management Inc. (WM)

The stock of Stanley Black & Decker Inc. (SWK) decreased by -1.45% to finish the standard trading session at $166.86. During that period, a total of 1065894 shares were traded, and this stock’s average trading volume is currently 957.39K shares per day. Important things to pay attention to when considering a stock’s current and future price are the 52-week high and low price points. Shares of Stanley Black & Decker Inc. (SWK) are currently -3.92% below their 52-week high mark and 138.37% higher than the 52-week low mark.

The Vanguard Group, Inc. opened a new position with shares of Stanley Black & Decker Inc. (SWK) during the lastest quarter, according to the public company’s latest Form 13F filing with the US Securities and Exchange Commission (SEC). This particular institutional investor became the owner of 12,209,355 shares of the Tools & Accessories provider’s common stock, which is currently worth approximately $1.97 billion. According to the latest SEC filing from The Vanguard Group, Inc., the firm held approximately 7.65% of Stanley Black & Decker Inc.. On a separate note, Capital Research & Management Co…. entered a new position in Stanley Black & Decker Inc. stock during the lastest quarter, holdings valued at $1.72 billion. Institutional investors and hedge funds hold 91.20% of this public company’s common stock.

Turning now to this publicly-traded company’s past performance, we will explore different moving trends for SWK. This stock gained 3.33% during the last week and rose 4.20% over the last one-month period. Shares of this organization’s stock rose 19.80% throughout the last quarter. Within the last six months, the stock has increased 55.36%, with a full-year gain of 20.19%. At the time of writing, this stock’s year-to-date (YTD) price performance is now positive at 0.68%.

Out of a total of 20 brokerages that are currently covering Stanley Black & Decker Inc. (SWK) stock, the average recommendation is “Overweight” according to WSJ. 1 equities research analyst has rated the stock with a “Overweight” recommendation, 12 analysts have given this stock a “Buy” recommendation, 7 analysts have recommended that investors “Hold” this stock, and 0 analysts have given this stock a “Sell” rating and 0 suggested “Underweight”. Analysts’ average 1-year price target, among all the brokerages, is $184.63.

Shares of Waste Management Inc. (WM) managed to reach a high of $115.05 and dropped down to a low of $112.90, before this stock settled at $113.25 at the end of the latest trading session. This organization’s stock has been displaying bearish momentum. Its Average True Range, or ATR, has fallen consistently after each of the most recent 14 trading sessions. Stock traders typically look at the ATR when they want to focus on technical analysis. At the time of writing, the 14-day ATR for Waste Management Inc. (WM) is sitting at 2.04. Waste Management Inc. currently has a 52-week low of $85.34 with a 52-week high of $126.79. This organization has a debt-to-equity ratio of 1.86, a quick ratio of 0.90, and a current ratio of 0.90.

Sjoqvist Nikolaj H, the SVP, Chief Digital Officer of Waste Management Inc. (WM), sold 31,076 shares of Waste Management Inc. stock in an exchange that took place on Aug 04. The shares were sold at an average price of $108.48 each, amounting to a total Sale worth $3,371,215. As of the close of the Sale, the SVP, Chief Digital Officer now directly holds 23,369 shares of the organization’s stock, which is now worth about $2646539.25. The deal was disclosed in a Securities & Exchange Commission legal filing, which can be publicly viewed on the SEC website.

Waste Management Inc. (WM) most recently publicly disclosed its earnings results on July 30, 2020. The organization posted $0.88 earnings per share (EPS) during the three-month period, which was $0.07 higher than the consensus estimate of $0.81. The company experienced a positive return on equity of 23.40% and a positive net margin of 10.70%. Waste Management Inc. reported revenue of $15.10B during the last year. During the year-ago, the company reported $3.78 EPS. Analysts forecast that Waste Management Inc. will report EPS of $1 for the current fiscal year.

Stock traders are taking a renewed look at shares of Waste Management Inc.. This stock’s current 14-day RSI is standing at 50.05%, with a 9-day RSI of 47.85%, and a 20-day RSI of 51.77%. The RSI, which stands for Relative Strength Index, is a widely-used oscillating indicator trusted by investors and traders alike. The RSI works within a range-bound space with values on a scale from 0 to 100. When the RSI line rises, the shares may be showing strength. The contrary is the case when the RSI line starts to fall. When using the RSI indicator, different time periods may be looked at. When using a shorter time frame, the RSI might be more volatile. A lot of traders keep their focus between the 30 and 70 marks on the RSI scale. A shift higher than 70 is widely-considered to demonstrate that the stock has entered overbought territory. Meanwhile, a drop below 30 indicates that it may be in oversold territory. Traders often use these levels to predict stock price reversals.