Bernicke Wealth Management Ltd. Lowers stake in Stanley Black & Decker (SWK)

Stanley Black & Decker (SWK) : Bernicke Wealth Management Ltd. reduced its stake in Stanley Black & Decker by 0.38% during the most recent quarter end. The investment management company now holds a total of 9,197 shares of Stanley Black & Decker which is valued at $1,133,162 after selling 35 shares in Stanley Black & Decker , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Stanley Black & Decker makes up approximately 1.00% of Bernicke Wealth Management Ltd.’s portfolio.

Other Hedge Funds, Including , Cleararc Capital Inc reduced its stake in SWK by selling 95 shares or 2.55% in the most recent quarter. The Hedge Fund company now holds 3,633 shares of SWK which is valued at $447,622. Stanley Black & Decker makes up approx 0.08% of Cleararc Capital Inc’s portfolio.Dekabank Deutsche Girozentrale boosted its stake in SWK in the latest quarter, The investment management firm added 10,144 additional shares and now holds a total of 58,390 shares of Stanley Black & Decker which is valued at $7,208,246. Stanley Black & Decker makes up approx 0.08% of Dekabank Deutsche Girozentrale’s portfolio. Quantitative Investment Management added SWK to its portfolio by purchasing 73,400 company shares during the most recent quarter which is valued at $8,939,386. Stanley Black & Decker makes up approx 0.40% of Quantitative Investment Management’s portfolio. Umb Bank N Amo added SWK to its portfolio by purchasing 1,848 company shares during the most recent quarter which is valued at $226,121. Stanley Black & Decker makes up approx 0.01% of Umb Bank N Amo’s portfolio.Huntington National Bank reduced its stake in SWK by selling 65 shares or 4.53% in the most recent quarter. The Hedge Fund company now holds 1,370 shares of SWK which is valued at $167,633.

Stanley Black & Decker opened for trading at $121.91 and hit $122.68 on the upside on Tuesday, eventually ending the session at $122.39, with a gain of 0.58% or 0.71 points. The heightened volatility saw the trading volume jump to 5,44,045 shares. Company has a market cap of $18,411 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. 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 .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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