Bluecrest Capital Management Ltd buys $17,826,534 stake in Stanley Black & Decker (SWK)

Stanley Black & Decker (SWK) : Bluecrest Capital Management Ltd scooped up 47,062 additional shares in Stanley Black & Decker during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 146,251 shares of Stanley Black & Decker which is valued at $17,826,534.Stanley Black & Decker makes up approximately 0.72% of Bluecrest Capital Management Ltd’s portfolio.

Other Hedge Funds, Including , Syntal Capital Partners added SWK to its portfolio by purchasing 2,684 company shares during the most recent quarter which is valued at $327,153. Stanley Black & Decker makes up approx 0.33% of Syntal Capital Partners’s portfolio.New York State Teachers Retirement System reduced its stake in SWK by selling 15,630 shares or 5.04% in the most recent quarter. The Hedge Fund company now holds 294,680 shares of SWK which is valued at $36,855,628. Stanley Black & Decker makes up approx 0.10% of New York State Teachers Retirement System’s portfolio.Penserra Capital Management boosted its stake in SWK in the latest quarter, The investment management firm added 722 additional shares and now holds a total of 1,482 shares of Stanley Black & Decker which is valued at $169,052. Stanley Black & Decker makes up approx 0.02% of Penserra Capital Management’s portfolio.Mutual Of America Capital Management boosted its stake in SWK in the latest quarter, The investment management firm added 393 additional shares and now holds a total of 17,969 shares of Stanley Black & Decker which is valued at $2,039,302. Stanley Black & Decker makes up approx 0.04% of Mutual Of America Capital Management’s portfolio.

Stanley Black & Decker closed down -0.46 points or -0.38% at $121.56 with 5,48,935 shares getting traded on Monday. Post opening the session at $121.99, the shares hit an intraday low of $121.36 and an intraday high of $123.13 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 $1.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $1.62. The company had revenue of $2882.00 million for the quarter, compared to analysts expectations of $2889.31 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 EPS.

Many Wall Street Analysts have commented on Stanley Black & Decker. Stanley Black & Decker was Downgraded by Longbow to ” Neutral” on Aug 22, 2016.

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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