Stanley Black & Decker (SWK) : Pennsylvania Trust Co scooped up 925 additional shares in Stanley Black & Decker during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 41,634 shares of Stanley Black & Decker which is valued at $5,047,290.Stanley Black & Decker makes up approximately 0.41% of Pennsylvania Trust Co’s portfolio.
Other Hedge Funds, Including , Community Bank N.a. reduced its stake in SWK by selling 500 shares or 16.67% in the most recent quarter. The Hedge Fund company now holds 2,500 shares of SWK which is valued at $302,075. Stanley Black & Decker makes up approx 0.07% of Community Bank N.a.’s portfolio.Private Bank Trust Co boosted its stake in SWK in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 6,200 shares of Stanley Black & Decker which is valued at $749,146. Stanley Black & Decker makes up approx 0.12% of Private Bank Trust Co’s portfolio.Legacy Private Trust reduced its stake in SWK by selling 8,945 shares or 32.91% in the most recent quarter. The Hedge Fund company now holds 18,235 shares of SWK which is valued at $2,145,530. Stanley Black & Decker makes up approx 0.30% of Legacy Private Trust’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in SWK by selling 25 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 2,520 shares of SWK which is valued at $306,634. Stanley Black & Decker makes up approx 0.06% of First Financial Bank N.a. – Trust Division’s portfolio.
Stanley Black & Decker opened for trading at $121.56 and hit $122.15 on the upside on Friday, eventually ending the session at $121.23, with a gain of 0.33% or 0.4 points. The heightened volatility saw the trading volume jump to 7,57,867 shares. Company has a market cap of $18,236 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.
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 .
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.