Catawba Capital Management Va Lowers stake in Stanley Black & Decker (SWK)

Stanley Black & Decker (SWK) : Catawba Capital Management Va reduced its stake in Stanley Black & Decker by 9.05% during the most recent quarter end. The investment management company now holds a total of 16,574 shares of Stanley Black & Decker which is valued at $2,026,503 after selling 1,650 shares in Stanley Black & Decker , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Stanley Black & Decker makes up approximately 0.49% of Catawba Capital Management Va’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in SWK in the latest quarter, The investment management firm added 56 additional shares and now holds a total of 7,217 shares of Stanley Black & Decker which is valued at $882,423. Stanley Black & Decker makes up approx 0.17% of Advisory Services Network’s portfolio. Independent Portfolio Consultants added SWK to its portfolio by purchasing 635 company shares during the most recent quarter which is valued at $79,051. Stanley Black & Decker makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.Chevy Chase Trust Holdings reduced its stake in SWK by selling 2,784 shares or 2.15% in the most recent quarter. The Hedge Fund company now holds 126,669 shares of SWK which is valued at $15,769,024. Stanley Black & Decker makes up approx 0.09% of Chevy Chase Trust Holdings’s portfolio.Washington Trust Bank boosted its stake in SWK in the latest quarter, The investment management firm added 51 additional shares and now holds a total of 561 shares of Stanley Black & Decker which is valued at $69,839. Stanley Black & Decker makes up approx 0.02% of Washington Trust Bank’s portfolio.

Stanley Black & Decker closed down -1.89 points or -1.52% at $122.27 with 8,81,399 shares getting traded on Friday. Post opening the session at $123.87, the shares hit an intraday low of $122.26 and an intraday high of $124.16 and the price fluctuated in this range throughout the day.Shares ended Friday 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 .

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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