Stanley Black & Decker (SWK) : Bernicke Associates Ltd scooped up 405 additional shares in Stanley Black & Decker during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 9,232 shares of Stanley Black & Decker which is valued at $1 Million.Stanley Black & Decker makes up approximately 0.96% of Bernicke Associates Ltd’s portfolio.
Other Hedge Funds, Including , Sg Americas Securities boosted its stake in SWK in the latest quarter, The investment management firm added 1,540 additional shares and now holds a total of 3,771 shares of Stanley Black & Decker which is valued at $426,915.Fourpoints Investment Managers S.a.s. reduced its stake in SWK by selling 24,600 shares or 42.34% in the most recent quarter. The Hedge Fund company now holds 33,500 shares of SWK which is valued at $3.7 Million. Stanley Black & Decker makes up approx 2.32% of Fourpoints Investment Managers S.a.s.’s portfolio.Badgley Phelps Bell Inc boosted its stake in SWK in the latest quarter, The investment management firm added 5,137 additional shares and now holds a total of 64,150 shares of Stanley Black & Decker which is valued at $7.1 Million. Stanley Black & Decker makes up approx 0.67% of Badgley Phelps Bell Inc’s portfolio.Great West Life Assurance Co Can reduced its stake in SWK by selling 3,077 shares or 3.28% in the most recent quarter. The Hedge Fund company now holds 90,700 shares of SWK which is valued at $10.2 Million. Stanley Black & Decker makes up approx 0.04% of Great West Life Assurance Co Can’s portfolio. Sanders Morris Harris added SWK to its portfolio by purchasing 4,805 company shares during the most recent quarter which is valued at $537,776. Stanley Black & Decker makes up approx 0.09% of Sanders Morris Harris’s portfolio.
Stanley Black & Decker opened for trading at $113.04 and hit $113.43 on the upside on Friday, eventually ending the session at $112.97, with a gain of 0.57% or 0.64 points. The heightened volatility saw the trading volume jump to 18,68,797 shares. Company has a market cap of $16,959 M.
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.
Investors should note that on Apr 20, 2016, Stanley Black & Decker announced a cash dividend of $0.5500. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 21, 2016.
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.