Greenwood Capital Associates Lowers stake in Stanley Black & Decker (SWK)

Stanley Black & Decker (SWK) : Greenwood Capital Associates reduced its stake in Stanley Black & Decker by 0.05% during the most recent quarter end. The investment management company now holds a total of 35,440 shares of Stanley Black & Decker which is valued at $4,366,562 after selling 17 shares in Stanley Black & Decker , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Stanley Black & Decker makes up approximately 1.29% of Greenwood Capital Associates’s portfolio.

Other Hedge Funds, Including , Peloton Wealth Strategists reduced its stake in SWK by selling 300 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 26,500 shares of SWK which is valued at $3,265,065. Stanley Black & Decker makes up approx 2.63% of Peloton Wealth Strategists’s portfolio.Fiduciary Management Inc Wi reduced its stake in SWK by selling 142,204 shares or 3.31% in the most recent quarter. The Hedge Fund company now holds 4,150,776 shares of SWK which is valued at $511,417,111. Stanley Black & Decker makes up approx 2.97% of Fiduciary Management Inc Wi’s portfolio.Comerica Bank reduced its stake in SWK by selling 22,963 shares or 37.93% in the most recent quarter. The Hedge Fund company now holds 37,582 shares of SWK which is valued at $4,630,478. Stanley Black & Decker makes up approx 0.04% of Comerica Bank’s portfolio.Oppenheimer Co Inc boosted its stake in SWK in the latest quarter, The investment management firm added 9,441 additional shares and now holds a total of 15,174 shares of Stanley Black & Decker which is valued at $1,873,534. Stanley Black & Decker makes up approx 0.05% of Oppenheimer Co Inc’s portfolio.

Stanley Black & Decker closed down -0.18 points or -0.15% at $123.57 with 6,94,837 shares getting traded on Thursday. Post opening the session at $123.64, the shares hit an intraday low of $122.8 and an intraday high of $124.07 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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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