Stanley Black & Decker Inc. (SWK) Sets New 1-Year High at $123.33
Stanley Black & Decker Inc. (NYSE:SWK) hit a new 52-week high during trading on Friday . The company traded as high as $123.33 and last traded at $123.27, with a volume of 336,678 shares traded. The stock had previously closed at $122.50.
SWK has been the topic of a number of research analyst reports. Susquehanna raised their price objective on shares of Stanley Black & Decker from $110.00 to $126.00 and gave the stock a “positive” rating in a report on Thursday, April 14th. Longbow Research reiterated a “buy” rating and issued a $115.00 price target on shares of Stanley Black & Decker in a research note on Thursday, April 14th. JPMorgan Chase & Co. lifted their price target on shares of Stanley Black & Decker from $103.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, April 25th. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research note on Thursday, April 14th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Stanley Black & Decker in a research note on Tuesday, June 28th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $113.36.
The company’s 50-day moving average is $115.76 and its 200 day moving average is $107.06. The stock has a market capitalization of $18.57 billion and a P/E ratio of 19.27.
Stanley Black & Decker (NYSE:SWK) last announced its earnings results 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. During the same quarter in the prior year, the company earned $1.54 EPS. The firm earned $2.90 billion during the quarter, compared to analysts’ expectations of $2.90 billion. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts predict that Stanley Black & Decker Inc. will post $6.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.88%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.55.
In other news, VP Craig A. Douglas sold 5,000 shares of the stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $113.73, for a total value of $568,650.00. Following the completion of the sale, the vice president now owns 31,525 shares in the company, valued at $3,585,338.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael David Hankin bought 450 shares of the stock in a transaction dated Tuesday, May 10th. The stock was purchased at an average price of $112.18 per share, with a total value of $50,481.00. Following the acquisition, the director now owns 450 shares of the company’s stock, valued at $50,481. The disclosure for this purchase can be found here.
Other institutional investors recently bought and sold shares of the company. Affinity Investment Advisors LLC bought a new position in Stanley Black & Decker during the fourth quarter valued at $1,158,000. Stephens Inc. AR bought a new position in Stanley Black & Decker during the fourth quarter valued at $1,495,000. GAM Holding AG raised its position in Stanley Black & Decker by 5.9% in the fourth quarter. GAM Holding AG now owns 14,096 shares of the company’s stock valued at $1,504,000 after buying an additional 787 shares during the last quarter. Advantus Capital Management Inc raised its position in Stanley Black & Decker by 1.2% in the fourth quarter. Advantus Capital Management Inc now owns 14,501 shares of the company’s stock valued at $1,548,000 after buying an additional 175 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in Stanley Black & Decker by 5.2% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 20,316 shares of the company’s stock valued at $2,168,000 after buying an additional 1,000 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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