Stanley Black & Decker (SWK) : New Harbor Financial Group has sold out all of its stake in Stanley Black & Decker during the most recent quarter, according to the disclosure filed by the company on Oct 13, 2016 with the SEC. The investment management company has sold out 50 shares of Stanley Black & Decker which is valued at $6,042.
Other Hedge Funds, Including , First Financial Bank N.a. – Trust Division reduced its stake in SWK by selling 25 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 2,520 shares of SWK which is valued at $306,634. Stanley Black & Decker makes up approx 0.06% of First Financial Bank N.a. – Trust Division’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in SWK by selling 11,123 shares or 41.78% in the most recent quarter. The Hedge Fund company now holds 15,501 shares of SWK which is valued at $1,886,162. Stanley Black & Decker makes up approx 0.04% of Oregon Public Employees Retirement Fund’s portfolio.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.
Stanley Black & Decker closed down -4.02 points or -3.30% at $117.66 with 18,67,227 shares getting traded on Tuesday. Post opening the session at $120.81, the shares hit an intraday low of $116.95 and an intraday high of $120.81 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.