Stanley Black & Decker Inc. (NYSE:SWK) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $124.11 and last traded at $122.35, with a volume of 631,437 shares trading hands. The stock had previously closed at $121.79.

A number of research firms recently issued reports on SWK. Argus reissued a “hold” rating on shares of Stanley Black & Decker in a research note on Tuesday, July 26th. Imperial Capital lifted their price target on shares of Stanley Black & Decker from $107.00 to $125.00 and gave the company an “in-line” rating in a research note on Monday, July 25th. Credit Suisse Group AG restated a “hold” rating on shares of Stanley Black & Decker in a report on Tuesday, June 28th. Zacks Investment Research lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, Longbow Research lowered Stanley Black & Decker from a “buy” rating to a “neutral” rating in a report on Monday. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $113.36.

The firm has a market capitalization of $18.39 billion and a PE ratio of 19.08. The stock has a 50 day moving average price of $120.47 and a 200 day moving average price of $110.00.

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

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

In other Stanley Black & Decker news, VP Steven J. Stafstrom sold 2,407 shares of the company’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $121.96, for a total value of $293,557.72. Following the sale, the vice president now owns 24,656 shares of the company’s stock, valued at $3,007,045.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Donald Allan sold 30,371 shares of the company’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $122.50, for a total value of $3,720,447.50. Following the completion of the sale, the chief financial officer now directly owns 115,225 shares in the company, valued at approximately $14,115,062.50. The disclosure for this sale can be found here.

Other hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in Stanley Black & Decker by 171.3% in the fourth quarter. Ameriprise Financial Inc. now owns 586,149 shares of the company’s stock valued at $62,560,000 after buying an additional 370,079 shares during the period. Calvert Investment Management Inc. raised its stake 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 period. BlackRock Advisors LLC raised its stake in Stanley Black & Decker by 19.8% in the fourth quarter. BlackRock Advisors LLC now owns 314,522 shares of the company’s stock valued at $33,569,000 after buying an additional 51,910 shares during the period. KBC Group NV raised its stake 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 period. Finally, State of Tennessee Treasury Department raised its stake in Stanley Black & Decker by 196.7% in the fourth quarter. State of Tennessee Treasury Department now owns 198,937 shares of the company’s stock valued at $21,233,000 after buying an additional 131,885 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.