Legg Mason Asset Management (japan) Ltd. Lowers stake in Stanley Black & Decker (SWK)

Stanley Black & Decker (SWK) : Legg Mason Asset Management (japan) Ltd. reduced its stake in Stanley Black & Decker by 2.5% during the most recent quarter end. The investment management company now holds a total of 7,800 shares of Stanley Black & Decker which is valued at $961,038 after selling 200 shares in Stanley Black & Decker , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Stanley Black & Decker makes up approximately 0.98% of Legg Mason Asset Management (japan) Ltd.’s portfolio.

Other Hedge Funds, Including , L S Advisors Inc sold out all of its stake in SWK during the most recent quarter. The investment firm sold 72,363 shares of SWK which is valued $8,915,845.Baird Financial Group reduced its stake in SWK by selling 500 shares or 5.61% in the most recent quarter. The Hedge Fund company now holds 8,407 shares of SWK which is valued at $1,035,826. Stanley Black & Decker makes up approx 0.01% of Baird Financial Group’s portfolio.Teacher Retirement System Of Texas reduced its stake in SWK by selling 80,850 shares or 88.12% in the most recent quarter. The Hedge Fund company now holds 10,904 shares of SWK which is valued at $1,346,535. Stanley Black & Decker makes up approx 0.01% of Teacher Retirement System Of Texas’s portfolio.State Treasurer State Of Michigan boosted its stake in SWK in the latest quarter, The investment management firm added 239,200 additional shares and now holds a total of 291,636 shares of Stanley Black & Decker which is valued at $35,518,348. Stanley Black & Decker makes up approx 0.27% of State Treasurer State Of Michigan’s portfolio.Private Trust Co Na boosted its stake in SWK in the latest quarter, The investment management firm added 17 additional shares and now holds a total of 18,785 shares of Stanley Black & Decker which is valued at $2,197,657. Stanley Black & Decker makes up approx 0.56% of Private Trust Co Na’s portfolio.

Stanley Black & Decker closed down -0.2 points or -0.16% at $122.67 with 723,494 shares getting traded on Wednesday. Post opening the session at $122.85, the shares hit an intraday low of $122.16 and an intraday high of $123.22 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 $1.84 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.

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.

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