Stanley Black & Decker Inc. (NYSE:SWK) shares gapped up prior to trading on Friday . The stock had previously closed at $112.45, but opened at $112.97. Stanley Black & Decker shares last traded at $114.86, with a volume of 329,760 shares.

A number of research firms have recently commented on SWK. Imperial Capital restated a “hold” rating on shares of Stanley Black & Decker in a report on Saturday, April 23rd. Wunderlich upped their price target on shares of Stanley Black & Decker from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, April 21st. Zacks Investment Research cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. Longbow Research restated a “buy” rating and issued a $115.00 price target on shares of Stanley Black & Decker in a report on Thursday, April 14th. Finally, Credit Suisse Group AG restated a “hold” rating on shares of Stanley Black & Decker in a report on Tuesday, June 28th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $111.00.

The stock has a market capitalization of $17.26 billion and a price-to-earnings ratio of 19.01. The company’s 50 day moving average is $112.43 and its 200-day moving average is $104.73.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, April 21st. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.14. During the same period in the previous year, the business posted $1.07 earnings per share. The business had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.56 billion. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts predict that Stanley Black & Decker Inc. will post $6.35 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 21st. Investors of record on Wednesday, June 1st were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Friday, May 27th.

In other Stanley Black & Decker news, Director Michael David Hankin acquired 450 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The stock was purchased at an average cost of $112.18 per share, with a total value of $50,481.00. Following the transaction, the director now owns 450 shares of the company’s stock, valued at $50,481. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Steven J. Stafstrom sold 1,772 shares of the firm’s stock in a transaction dated Tuesday, April 26th. The stock was sold at an average price of $112.71, for a total value of $199,722.12. Following the sale, the vice president now directly owns 24,031 shares of the company’s stock, valued at $2,708,534.01. The disclosure for this sale can be found here.

Several hedge funds have modified their holdings of SWK. Vanguard Group Inc. increased its stake in shares of Stanley Black & Decker by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,312,477 shares of the company’s stock worth $1,100,651,000 after buying an additional 73,147 shares during the last quarter. Boston Partners increased its stake in shares of Stanley Black & Decker by 5.7% in the fourth quarter. Boston Partners now owns 2,895,269 shares of the company’s stock worth $309,012,000 after buying an additional 157,223 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Stanley Black & Decker by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,208,024 shares of the company’s stock valued at $235,670,000 after buying an additional 31,252 shares in the last quarter. OppenheimerFunds Inc. increased its position in Stanley Black & Decker by 1.9% in the fourth quarter. OppenheimerFunds Inc. now owns 1,195,445 shares of the company’s stock valued at $127,592,000 after buying an additional 21,903 shares in the last quarter. Finally, Morgan Stanley increased its position in Stanley Black & Decker by 26.2% in the fourth quarter. Morgan Stanley now owns 521,596 shares of the company’s stock valued at $55,671,000 after buying an additional 108,243 shares in the last quarter.

Stanley Black & Decker, Inc is a provider of hand tools, power tools and related accessories, mechanical access solutions (automatic doors and commercial locking systems), electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

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