British Airways Pensions Investment Management Ltd adds Stanley Black & Decker (SWK) to its portfolio

Stanley Black & Decker (SWK) : British Airways Pensions Investment Management Ltd added new position in Stanley Black & Decker during the most recent quarter end. The investment management firm now holds 229,209 shares of Stanley Black & Decker which is valued at $28,046,013 , the company said in a statement filed on Jul 26, 2016 with the SEC.Stanley Black & Decker makes up approximately 0.82% of British Airways Pensions Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Conning reduced its stake in SWK by selling 100 shares or 2.61% in the most recent quarter. The Hedge Fund company now holds 3,732 shares of SWK which is valued at $456,648. Stanley Black & Decker makes up approx 0.02% of Conning’s portfolio.Sanders Morris Harris reduced its stake in SWK by selling 113 shares or 2.35% in the most recent quarter. The Hedge Fund company now holds 4,692 shares of SWK which is valued at $574,113. Stanley Black & Decker makes up approx 0.14% of Sanders Morris Harris’s portfolio.Oakbrook Investments reduced its stake in SWK by selling 4,975 shares or 35.6% in the most recent quarter. The Hedge Fund company now holds 9,000 shares of SWK which is valued at $1,084,410. Stanley Black & Decker makes up approx 0.06% of Oakbrook Investments’s portfolio.Blb&b Advisors reduced its stake in SWK by selling 254 shares or 3.38% in the most recent quarter. The Hedge Fund company now holds 7,253 shares of SWK which is valued at $848,528. Stanley Black & Decker makes up approx 0.16% of Blb&b Advisors’s portfolio.

Stanley Black & Decker closed down -0.47 points or -0.38% at $121.7 with 9,90,732 shares getting traded on Friday. Post opening the session at $121.8, the shares hit an intraday low of $121.14 and an intraday high of $122.19 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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