L S Advisors Inc buys $8.2 Million stake in Stanley Black & Decker (SWK)

Stanley Black & Decker (SWK) : L S Advisors Inc scooped up 33,270 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 13, 2016. The investment management firm now holds a total of 72,363 shares of Stanley Black & Decker which is valued at $8.2 Million.Stanley Black & Decker makes up approximately 2.04% of L S Advisors Inc’s portfolio.

Other Hedge Funds, Including , Fiduciary Group sold out all of its stake in SWK during the most recent quarter. The investment firm sold 2,275 shares of SWK which is valued $257,553.Bb&t Securities boosted its stake in SWK in the latest quarter, The investment management firm added 46,566 additional shares and now holds a total of 50,775 shares of Stanley Black & Decker which is valued at $5.7 Million. Stanley Black & Decker makes up approx 0.10% of Bb&t Securities’s portfolio. Gsa Capital Partners Llp sold out all of its stake in SWK during the most recent quarter. The investment firm sold 7,743 shares of SWK which is valued $876,585. Cutter Co Brokerage added SWK to its portfolio by purchasing 2,510 company shares during the most recent quarter which is valued at $279,363. Stanley Black & Decker makes up approx 0.13% of Cutter Co Brokerage’s portfolio.

Stanley Black & Decker closed down -0.26 points or -0.23% at $114.21 with 8,62,056 shares getting traded on Wednesday. Post opening the session at $114.7, the shares hit an intraday low of $114 and an intraday high of $115.15 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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