Stanley Black & Decker (SWK) : Fourpoints Investment Managers S.a.s. reduced its stake in Stanley Black & Decker by 18.21% during the most recent quarter end. The investment management company now holds a total of 27,400 shares of Stanley Black & Decker which is valued at $3,375,954 after selling 6,100 shares in Stanley Black & Decker , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Stanley Black & Decker makes up approximately 2.23% of Fourpoints Investment Managers S.a.s.’s portfolio.
Other Hedge Funds, Including , Bluemountain Capital Management boosted its stake in SWK in the latest quarter, The investment management firm added 3,216 additional shares and now holds a total of 3,895 shares of Stanley Black & Decker which is valued at $479,903. Stanley Black & Decker makes up approx 0.01% of Bluemountain Capital Management’s portfolio.Utah Retirement Systems reduced its stake in SWK by selling 200 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 27,402 shares of SWK which is valued at $3,337,290. Stanley Black & Decker makes up approx 0.09% of Utah Retirement Systems’s portfolio.World Asset Management Inc reduced its stake in SWK by selling 243 shares or 1.14% in the most recent quarter. The Hedge Fund company now holds 21,065 shares of SWK which is valued at $2,565,506. Stanley Black & Decker makes up approx 0.10% of World Asset Management Inc’s portfolio. Putnam Fl Investment Management Co added SWK to its portfolio by purchasing 37,783 company shares during the most recent quarter which is valued at $4,601,592. Stanley Black & Decker makes up approx 0.53% of Putnam Fl Investment Management Co’s portfolio.Boston Private Wealth reduced its stake in SWK by selling 262 shares or 4.6% in the most recent quarter. The Hedge Fund company now holds 5,435 shares of SWK which is valued at $661,929. Stanley Black & Decker makes up approx 0.03% of Boston Private Wealth’s portfolio.
Stanley Black & Decker opened for trading at $121.91 and hit $122.68 on the upside on Tuesday, eventually ending the session at $122.39, with a gain of 0.58% or 0.71 points. The heightened volatility saw the trading volume jump to 5,44,045 shares. Company has a market cap of $18,411 M.
On the company’s financial health, Stanley Black & Decker reported $1.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $1.71. The company had revenue of $2932.40 million for the quarter, compared to analysts expectations of $2910.15 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS.
Investors should note that on Jul 21, 2016, Stanley Black & Decker announced a cash dividend of $0.5800. The company’s management has announced Aug 31, 2016 as the ex-dividend date and fixed the record date on Sep 2, 2016. The payable date has been fixed on Sep 20, 2016.
Many Wall Street Analysts have commented on Stanley Black & Decker. Stanley Black & Decker was Downgraded by Longbow to ” Neutral” on Aug 22, 2016. Company shares were Reiterated by Imperial Capital on Jul 25, 2016 to “In-line”, Firm has raised the Price Target to $ 125 from a previous price target of $107 .Goldman Initiated Stanley Black & Decker on Jun 10, 2016 to “Neutral”, Price Target of the shares are set at $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.