Mitsubishi Ufj Securities Holdings Ltd. adds Stanley Black & Decker (SWK) to its portfolio

Stanley Black & Decker (SWK) : Mitsubishi Ufj Securities Holdings Ltd. added new position in Stanley Black & Decker during the most recent quarter end. The investment management firm now holds 16,990 shares of Stanley Black & Decker which is valued at $1.9 Million , the company said in a statement filed on May 13, 2016 with the SEC.Stanley Black & Decker makes up approximately 5.04% of Mitsubishi Ufj Securities Holdings Ltd.’s portfolio.

Other Hedge Funds, Including , Pacer Advisors boosted its stake in SWK in the latest quarter, The investment management firm added 196 additional shares and now holds a total of 2,671 shares of Stanley Black & Decker which is valued at $302,384. Stanley Black & Decker makes up approx 0.07% of Pacer Advisors’s portfolio.Meiji Yasuda Asset Management Co Ltd. boosted its stake in SWK in the latest quarter, The investment management firm added 1,040 additional shares and now holds a total of 3,163 shares of Stanley Black & Decker which is valued at $358,083. Stanley Black & Decker makes up approx 0.08% of Meiji Yasuda Asset Management Co Ltd.’s portfolio. Ngam Advisors sold out all of its stake in SWK during the most recent quarter. The investment firm sold 18,760 shares of SWK which is valued $2.1 Million. Quantitative Investment Management sold out all of its stake in SWK during the most recent quarter. The investment firm sold 37,000 shares of SWK which is valued $4.1 Million.Retirement Systems Of Alabama reduced its stake in SWK by selling 300 shares or 0.39% in the most recent quarter. The Hedge Fund company now holds 77,345 shares of SWK which is valued at $8.7 Million. Stanley Black & Decker makes up approx 0.05% of Retirement Systems Of Alabama’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.

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.

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