Private Trust Co Na buys $2,311,357 stake in Stanley Black & Decker (SWK)

Stanley Black & Decker (SWK) : Private Trust Co Na scooped up 344 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 13, 2016. The investment management firm now holds a total of 19,129 shares of Stanley Black & Decker which is valued at $2,311,357.Stanley Black & Decker makes up approximately 0.57% of Private Trust Co Na’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in SWK in the latest quarter, The investment management firm added 1,800 additional shares and now holds a total of 58,595 shares of Stanley Black & Decker which is valued at $6,894,288. Stanley Black & Decker makes up approx 0.09% of Nisa Investment Advisors’s portfolio.Cutler Group Lp boosted its stake in SWK in the latest quarter, The investment management firm added 3,577 additional shares and now holds a total of 4,777 shares of Stanley Black & Decker which is valued at $581,265. Stanley Black & Decker makes up approx 0.04% of Cutler Group Lp’s portfolio.

Stanley Black & Decker closed down -4.02 points or -3.30% at $117.66 with 18,67,227 shares getting traded on Tuesday. Post opening the session at $120.81, the shares hit an intraday low of $116.95 and an intraday high of $120.81 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 .

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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