Wellington Shields Capital Management buys $3,064,972 stake in Stanley Black & Decker (SWK)

Stanley Black & Decker (SWK) : Wellington Shields Capital Management scooped up 5,101 additional shares in Stanley Black & Decker during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 24,876 shares of Stanley Black & Decker which is valued at $3,064,972.Stanley Black & Decker makes up approximately 0.53% of Wellington Shields Capital Management’s portfolio.

Other Hedge Funds, Including , Veritable boosted its stake in SWK in the latest quarter, The investment management firm added 660 additional shares and now holds a total of 3,868 shares of Stanley Black & Decker which is valued at $476,576. Stanley Black & Decker makes up approx 0.01% of Veritable’s portfolio.Aull Monroe Investment Management Corp reduced its stake in SWK by selling 280 shares or 4.87% in the most recent quarter. The Hedge Fund company now holds 5,470 shares of SWK which is valued at $675,490. Stanley Black & Decker makes up approx 0.38% of Aull Monroe Investment Management Corp’s portfolio. Cable Hill Partners sold out all of its stake in SWK during the most recent quarter. The investment firm sold 300 shares of SWK which is valued $37,035.California State Teachers Retirement System reduced its stake in SWK by selling 10,143 shares or 3.03% in the most recent quarter. The Hedge Fund company now holds 324,823 shares of SWK which is valued at $39,560,193. Stanley Black & Decker makes up approx 0.08% of California State Teachers Retirement System’s portfolio.Cwm boosted its stake in SWK in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 47 shares of Stanley Black & Decker which is valued at $5,663.

Stanley Black & Decker closed down -0.18 points or -0.15% at $123.57 with 6,94,837 shares getting traded on Thursday. Post opening the session at $123.64, the shares hit an intraday low of $122.8 and an intraday high of $124.07 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Stanley Black & Decker reported $1.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $1.71. The company had revenue of $2932.40 million for the quarter, compared to analysts expectations of $2910.15 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS.

Many Wall Street Analysts have commented on Stanley Black & Decker. Stanley Black & Decker was Downgraded by Longbow to ” Neutral” on Aug 22, 2016. Company shares were Reiterated by Imperial Capital on Jul 25, 2016 to “In-line”, Firm has raised the Price Target to $ 125 from a previous price target of $107 .Goldman Initiated Stanley Black & Decker on Jun 10, 2016 to “Neutral”, Price Target of the shares are set at $120.

Stanley Black & Decker Inc. is a global provider of power and hand tools products and services. The Company provides products and services for various industrial applications mechanical access solutions (automatic doors and commercial locking systems) and electronic security and monitoring systems. The Company’s operating segments include: Construction & Do-It-Yourself (CDIY) Industrial and Security. The CDIY segment consists of the Professional Power Tool Business; the Consumer Products Group which includes outdoor products; the Hand Tools & Storage business and the Fastening & Accessories business. The Industrial segment consists of the Industrial and Automotive Repair (IAR) Engineered Fastening and Infrastructure Businesses. The Security segment consists of the Convergent Security Solutions (CSS) and Mechanical Access Solutions (MAS) businesses.

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