Bridges Investment Management Inc buys $989,061 stake in Stanley Black & Decker (SWK)

Stanley Black & Decker (SWK) : Bridges Investment Management Inc scooped up 876 additional shares in Stanley Black & Decker during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 8,857 shares of Stanley Black & Decker which is valued at $989,061.Stanley Black & Decker makes up approximately 0.17% of Bridges Investment Management Inc’s portfolio.

Stanley Black & Decker opened for trading at $112.92 and hit $113.687 on the upside on Wednesday, eventually ending the session at $113.19, with a gain of 0.36% or 0.41 points. The heightened volatility saw the trading volume jump to 13,34,900 shares. Company has a market cap of $16,992 M.

Other Hedge Funds, Including , Legacy Private Trust boosted its stake in SWK in the latest quarter, The investment management firm added 430 additional shares and now holds a total of 11,946 shares of Stanley Black & Decker which is valued at $1,334,010. Stanley Black & Decker makes up approx 0.20% of Legacy Private Trust’s portfolio.Firstmerit Bank N A Trustee boosted its stake in SWK in the latest quarter, The investment management firm added 729 additional shares and now holds a total of 5,704 shares of Stanley Black & Decker which is valued at $636,966. Stanley Black & Decker makes up approx 0.05% of Firstmerit Bank N A Trustee’s portfolio.Private Trust Co Na reduced its stake in SWK by selling 30 shares or 0.16% in the most recent quarter. The Hedge Fund company now holds 18,768 shares of SWK which is valued at $2,095,823. Stanley Black & Decker makes up approx 0.56% of Private Trust Co Na’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in SWK in the latest quarter, The investment management firm added 83 additional shares and now holds a total of 26,724 shares of Stanley Black & Decker which is valued at $2,907,304. Stanley Black & Decker makes up approx 0.07% of Oregon Public Employees Retirement Fund’s portfolio.

On the company’s financial health, Stanley Black & Decker reported $1.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.14. The company had revenue of $2672.10 million for the quarter, compared to analysts expectations of $2566.01 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS.

Many Wall Street Analysts have commented on Stanley Black & Decker. Company shares were Reiterated by Imperial Capital on Apr 22, 2016 to “In-line”, Firm has raised the Price Target to $ 107 from a previous price target of $103 .Company shares were Reiterated by Wunderlich on Apr 21, 2016 to “Buy”, Firm has raised the Price Target to $ 130 from a previous price target of $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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