Investors bought shares of Stanley Black & Decker, Inc. (NYSE:SWK) on weakness during trading hours on Friday. $120.98 million flowed into the stock on the tick-up and $27.04 million flowed out of the stock on the tick-down, for a money net flow of $93.94 million into the stock. Of all equities tracked, Stanley Black & Decker had the 6th highest net in-flow for the day. Stanley Black & Decker traded down ($0.62) for the day and closed at $137.50

Several analysts have commented on the stock. Zacks Investment Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $153.00 target price for the company in a research note on Tuesday, May 23rd. Seaport Global Securities started coverage on shares of Stanley Black & Decker in a research note on Friday, June 16th. They set a “buy” rating and a $160.00 price objective for the company. Wolfe Research started coverage on shares of Stanley Black & Decker in a research note on Tuesday, July 11th. They set an “outperform” rating and a $160.00 price objective for the company. Morgan Stanley boosted their price objective on shares of Stanley Black & Decker from $150.00 to $154.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Finally, Imperial Capital boosted their price objective on shares of Stanley Black & Decker from $125.00 to $148.00 and gave the company an “in-line” rating in a research note on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $154.00.

The firm has a market cap of $21.06 billion, a price-to-earnings ratio of 17.61 and a beta of 1.10. The firm’s 50-day moving average is $142.51 and its 200-day moving average is $135.60.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.05. The firm had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.18 billion. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.84 EPS. Equities research analysts forecast that Stanley Black & Decker, Inc. will post $7.30 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.83%. The ex-dividend date is Wednesday, August 30th. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. Stanley Black & Decker’s dividend payout ratio is currently 29.74%.

In other news, SVP Jaime A. Ramirez sold 10,440 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $139.56, for a total transaction of $1,457,006.40. Following the transaction, the senior vice president now owns 41,541 shares in the company, valued at approximately $5,797,461.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.15% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BB&T Investment Services Inc. acquired a new position in shares of Stanley Black & Decker during the second quarter valued at approximately $102,000. Acrospire Investment Management LLC raised its position in shares of Stanley Black & Decker by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 800 shares of the industrial products company’s stock valued at $113,000 after buying an additional 400 shares during the period. Thompson Davis & CO. Inc. acquired a new position in shares of Stanley Black & Decker during the first quarter valued at approximately $108,000. Farmers & Merchants Investments Inc. raised its position in shares of Stanley Black & Decker by 2.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock valued at $116,000 after buying an additional 23 shares during the period. Finally, Alexandria Capital LLC raised its position in shares of Stanley Black & Decker by 3.3% in the first quarter. Alexandria Capital LLC now owns 826 shares of the industrial products company’s stock valued at $110,000 after buying an additional 26 shares during the period. Institutional investors own 83.40% of the company’s stock.

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Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as 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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