Stanley Black & Decker Inc. (NYSE:SWK) shares reached a new 52-week high during 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 analysts have commented on the stock. Imperial Capital increased their price objective 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. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research note on Wednesday, July 27th. Goldman Sachs Group Inc. assumed coverage on shares of Stanley Black & Decker in a research note on Friday, June 10th. They set a “neutral” rating and a $120.00 price objective on the stock. Longbow Research downgraded shares of Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research note on Monday, August 22nd. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Stanley Black & Decker in a research note on Tuesday, June 28th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Stanley Black & Decker has an average rating of “Hold” and an average price target of $113.36.

The stock has a market cap of $18.46 billion and a PE ratio of 19.16. The firm’s 50 day moving average is $120.74 and its 200 day moving average is $110.23.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Friday, July 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.12. During the same period last year, the firm posted $1.54 EPS. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.90 billion. The company’s revenue was up 2.3% compared to the same quarter last year. Analysts predict that Stanley Black & Decker Inc. will post $6.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Investors of record on Friday, September 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.89%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.55. The ex-dividend date is Wednesday, August 31st.

In related news, CFO Lee B. Mcchesney sold 1,875 shares of the business’s stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $118.06, for a total transaction of $221,362.50. Following the transaction, the chief financial officer now owns 28,679 shares of the company’s stock, valued at $3,385,842.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael A. Bartone sold 5,387 shares of the business’s stock in a transaction 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 directly owns 26,967 shares in the company, valued at approximately $3,323,413.08. The disclosure for this sale can be found here.

A number of institutional investors recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of 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 worth $235,670,000 after buying an additional 31,252 shares during the period. Ameriprise Financial Inc. raised its position in shares of Stanley Black & Decker by 171.3% in the fourth quarter. Ameriprise Financial Inc. now owns 586,149 shares of the company’s stock worth $62,560,000 after buying an additional 370,079 shares during the period. BlackRock Advisors LLC raised its position in shares of Stanley Black & Decker by 19.8% in the fourth quarter. BlackRock Advisors LLC now owns 314,522 shares of the company’s stock worth $33,569,000 after buying an additional 51,910 shares during the period. I.G. Investment Management LTD. raised its position in shares of 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 worth $8,174,000 after buying an additional 341 shares during the period. Finally, Jennison Associates LLC bought a new position in shares of Stanley Black & Decker during the fourth quarter worth about $3,379,000.

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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