Ballentine Partners Lowers stake in Stanley Black & Decker (SWK)

Stanley Black & Decker (SWK) : Ballentine Partners reduced its stake in Stanley Black & Decker by 0.29% during the most recent quarter end. The investment management company now holds a total of 9,345 shares of Stanley Black & Decker which is valued at $1,138,128 after selling 27 shares in Stanley Black & Decker , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Stanley Black & Decker makes up approximately 0.09% of Ballentine Partners’s portfolio.

Other Hedge Funds, Including , Cookson Peirce Co Inc added SWK to its portfolio by purchasing 20,346 company shares during the most recent quarter which is valued at $2,477,939. Stanley Black & Decker makes up approx 0.36% of Cookson Peirce Co Inc’s portfolio. Putnam Fl Investment Management Co added SWK to its portfolio by purchasing 37,783 company shares during the most recent quarter which is valued at $4,601,592. Stanley Black & Decker makes up approx 0.53% of Putnam Fl Investment Management Co’s portfolio.Concert Wealth Management reduced its stake in SWK by selling 34 shares or 0.89% in the most recent quarter. The Hedge Fund company now holds 3,767 shares of SWK which is valued at $458,444. Stanley Black & Decker makes up approx 0.06% of Concert Wealth Management’s portfolio.Smith Graham Investment Advisors Lp reduced its stake in SWK by selling 190 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 29,770 shares of SWK which is valued at $3,642,657. Stanley Black & Decker makes up approx 0.47% of Smith Graham Investment Advisors Lp’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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