Peddock Capital Advisors buys $634,521 stake in Stanley Black & Decker (SWK)

Stanley Black & Decker (SWK) : Peddock Capital Advisors scooped up 133 additional shares in Stanley Black & Decker during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 5,408 shares of Stanley Black & Decker which is valued at $634,521.Stanley Black & Decker makes up approximately 0.40% of Peddock Capital Advisors’s portfolio.

Other Hedge Funds, Including , Id Management As added SWK to its portfolio by purchasing 1,676 company shares during the most recent quarter which is valued at $196,645. Stanley Black & Decker makes up approx 0.06% of Id Management As’s portfolio.Chevy Chase Trust Holdings boosted its stake in SWK in the latest quarter, The investment management firm added 147 additional shares and now holds a total of 129,453 shares of Stanley Black & Decker which is valued at $14,883,211. Stanley Black & Decker makes up approx 0.08% of Chevy Chase Trust Holdings’s portfolio.Next Financial Group Inc boosted its stake in SWK in the latest quarter, The investment management firm added 101 additional shares and now holds a total of 515 shares of Stanley Black & Decker which is valued at $59,210. Stanley Black & Decker makes up approx 0.02% of Next Financial Group Inc’s portfolio. Stock Yards Bank Trust Co added SWK to its portfolio by purchasing 7,500 company shares during the most recent quarter which is valued at $835,500. Stanley Black & Decker makes up approx 0.11% of Stock Yards Bank Trust Co’s portfolio.

Stanley Black & Decker closed down -0.01 points or -0.01% at $117.33 with 4,75,589 shares getting traded on Monday. Post opening the session at $117.05, the shares hit an intraday low of $116.75 and an intraday high of $117.56 and the price fluctuated in this range throughout the day.Shares ended Monday 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. Goldman Initiated Stanley Black & Decker on Jun 10, 2016 to “Neutral”, Price Target of the shares are set at $120.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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