Stanley Black & Decker Inc. (NYSE:SWK) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $116.22 and last traded at $116.16, with a volume of 263,914 shares traded. The stock had previously closed at $114.97.

A number of research analysts recently issued reports on SWK shares. Susquehanna boosted their target price on shares of Stanley Black & Decker from $110.00 to $126.00 and gave the company a “positive” rating in a research report on Thursday, April 14th. Zacks Investment Research downgraded shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Thursday, March 17th. Longbow Research reiterated a “buy” rating and set a $115.00 target price on shares of Stanley Black & Decker in a research report on Thursday, April 14th. JPMorgan Chase & Co. boosted their target price on shares of Stanley Black & Decker from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, April 25th. Finally, Wunderlich boosted their target price on shares of Stanley Black & Decker from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, April 21st. Eight investment analysts have rated the stock with a hold rating and six have issued 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 50 day moving average of $112.43 and a 200-day moving average of $104.73. The stock has a market capitalization of $17.40 billion and a PE ratio of 19.17.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Thursday, April 21st. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.14. The business earned $2.67 billion during the quarter, compared to analysts’ expectations of $2.56 billion. The business’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS. Equities research analysts expect that Stanley Black & Decker Inc. will post $6.35 earnings per share for the current year.

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

In related news, SVP Ben S. Sihota sold 625 shares of the firm’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $114.30, for a total value of $71,437.50. Following the completion of the sale, the senior vice president now owns 16,825 shares of the company’s stock, valued at $1,923,097.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Rhonda Gass sold 1,978 shares of the firm’s stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $114.75, for a total value of $226,975.50. Following the completion of the sale, the vice president now directly owns 27,265 shares of the company’s stock, valued at approximately $3,128,658.75. The disclosure for this sale can be found here.

A number of hedge funds have made changes to their positions in SWK. Cibc World Markets Corp raised its stake in shares of Stanley Black & Decker by 158.9% in the fourth quarter. Cibc World Markets Corp now owns 457,000 shares of the company’s stock worth $48,776,000 after buying an additional 280,497 shares during the last quarter. Winton Capital Group Ltd acquired a new stake in shares of Stanley Black & Decker during the fourth quarter worth approximately $17,687,000. Boston Partners raised 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. Ashfield Capital Partners LLC raised its stake in shares of Stanley Black & Decker by 1,103.6% in the fourth quarter. Ashfield Capital Partners LLC now owns 138,648 shares of the company’s stock worth $14,798,000 after buying an additional 127,129 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Stanley Black & Decker by 26.2% in the fourth quarter. Morgan Stanley now owns 521,596 shares of the company’s stock worth $55,671,000 after buying an additional 108,243 shares during 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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