Shares of Stanley Black & Decker Inc. (NYSE:SWK) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $124.00 and last traded at $123.49, with a volume of 193,688 shares. The stock had previously closed at $123.21.

Several brokerages have recently issued reports on SWK. Zacks Investment Research cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Argus reissued a “hold” rating on shares of Stanley Black & Decker in a research report on Tuesday, July 26th. Zelman & Associates downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Imperial Capital boosted their target price on Stanley Black & Decker from $107.00 to $125.00 and gave the company an “in-line” rating in a research report on Monday, July 25th. Finally, Goldman Sachs Group Inc. began coverage on Stanley Black & Decker in a research report on Friday, June 10th. They set a “neutral” rating and a $120.00 target price on the stock. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $113.36.

The stock has a market cap of $18.34 billion and a price-to-earnings ratio of 19.04. The stock has a 50-day moving average price of $118.40 and a 200-day moving average price of $108.83.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Friday, July 22nd. The company reported $1.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.12. The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the company earned $1.54 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. On average, analysts forecast that Stanley Black & Decker Inc. will post $6.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Friday, September 2nd will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.90%. The ex-dividend date is Wednesday, August 31st. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.55.

In other Stanley Black & Decker news, VP Michael A. Bartone sold 5,387 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $123.24, for a total transaction of $663,893.88. Following the transaction, the vice president now owns 26,967 shares in the company, valued at approximately $3,323,413.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Rhonda Gass sold 1,978 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 27,265 shares in the company, valued at approximately $3,128,658.75. The disclosure for this sale can be found here.

A number of institutional investors have added to or reduced their stakes in the company. Calvert Investment Management Inc. boosted its position in Stanley Black & Decker by 31.0% in the fourth quarter. Calvert Investment Management Inc. now owns 10,180 shares of the company’s stock valued at $1,087,000 after buying an additional 2,409 shares during the last quarter. Stephens Inc. AR acquired a new position in Stanley Black & Decker during the fourth quarter valued at about $1,495,000. KBC Group NV boosted its position in Stanley Black & Decker by 36.0% in the fourth quarter. KBC Group NV now owns 23,161 shares of the company’s stock valued at $2,472,000 after buying an additional 6,134 shares during the last quarter. Jennison Associates LLC acquired a new position in Stanley Black & Decker during the fourth quarter valued at about $3,379,000. Finally, I.G. Investment Management LTD. boosted its position in Stanley Black & Decker by 0.4% in the fourth quarter. I.G. Investment Management LTD. now owns 76,589 shares of the company’s stock valued at $8,174,000 after buying an additional 341 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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