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

Stanley Black & Decker (SWK) : Ims Capital Management reduced its stake in Stanley Black & Decker by 11.8% during the most recent quarter end. The investment management company now holds a total of 8,969 shares of Stanley Black & Decker which is valued at $1,092,335 after selling 1,200 shares in Stanley Black & Decker , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Stanley Black & Decker makes up approximately 1.23% of Ims Capital Management’s portfolio.

Other Hedge Funds, Including , Foster Motley Inc reduced its stake in SWK by selling 6,421 shares or 15.88% in the most recent quarter. The Hedge Fund company now holds 34,020 shares of SWK which is valued at $4,143,296. Stanley Black & Decker makes up approx 0.80% of Foster Motley Inc’s portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh added SWK to its portfolio by purchasing 136,803 company shares during the most recent quarter which is valued at $16,648,925. Stanley Black & Decker makes up approx 1.46% of Meag Munich Ergo Kapitalanlagegesellschaft Mbh’s portfolio.Calamos Advisors reduced its stake in SWK by selling 775 shares or 16.35% in the most recent quarter. The Hedge Fund company now holds 3,965 shares of SWK which is valued at $485,157.Capital One National Association reduced its stake in SWK by selling 214 shares or 1.45% in the most recent quarter. The Hedge Fund company now holds 14,500 shares of SWK which is valued at $1,696,355. Stanley Black & Decker makes up approx 0.14% of Capital One National Association’s portfolio.Legacy Private Trust boosted its stake in SWK in the latest quarter, The investment management firm added 15,234 additional shares and now holds a total of 27,180 shares of Stanley Black & Decker which is valued at $3,189,029. Stanley Black & Decker makes up approx 0.45% of Legacy Private Trust’s portfolio.

Stanley Black & Decker opened for trading at $123.46 and hit $123.715 on the upside on Monday, eventually ending the session at $123.49, with a gain of 0.03% or 0.04 points. The heightened volatility saw the trading volume jump to 8,55,070 shares. Company has a market cap of $18,576 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. 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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