Is Stanley Black & Decker, Inc. (SWK)’s Fuel Running High? The Stock Formed Wedge Up Pattern

July 18, 2017 - By Nellie Frank

Investors sentiment increased to 1.25 in Q4 2016. Its up 0.12, from 1.13 in 2016Q3. It improved, as 50 investors sold Stanley Black & Decker, Inc. shares while 179 reduced holdings. 62 funds opened positions while 224 raised stakes. 128.28 million shares or 4.43% more from 122.84 million shares in 2016Q3 were reported.
Manning & Napier Advsrs Ltd Com holds 0.02% of its portfolio in Stanley Black & Decker, Inc. (NYSE:SWK) for 25,313 shares. 8,822 are held by Oarsman Cap. Massmutual Trust Fsb Adv invested in 0% or 685 shares. Blackrock, New York-based fund reported 590,052 shares. 3,324 were reported by Fincl Bank Of Nova Scotia. Quantres Asset Limited invested in 2,800 shares or 0.22% of the stock. Laurion Management Limited Partnership holds 0.01% or 7,810 shares in its portfolio. California Employees Retirement System reported 365,984 shares. Allianz Asset Management Ag owns 645,096 shares. Credit Suisse Ag has invested 0.05% of its portfolio in Stanley Black & Decker, Inc. (NYSE:SWK). Massachusetts Serv Ma holds 0.2% of its portfolio in Stanley Black & Decker, Inc. (NYSE:SWK) for 3.60 million shares. Magnetar Fincl Ltd Company reported 0.02% in Stanley Black & Decker, Inc. (NYSE:SWK). Carret Asset Mngmt Ltd Com accumulated 7,467 shares or 0.16% of the stock. Blackrock Inv Mngmt holds 0.05% or 343,071 shares in its portfolio. Victory Inc holds 32,510 shares.

Since January 26, 2017, it had 0 insider purchases, and 15 sales for $14.75 million activity. Ansell Jeffrey D had sold 2,200 shares worth $283,932. Shares for $7.67 million were sold by LOREE JAMES M. 4,064 shares were sold by STAFSTROM STEVEN J, worth $528,320. Ramirez Jaime A had sold 10,440 shares worth $1.46M on Monday, June 12. The insider Sihota Ben S sold $326,704. Another trade for 5,628 shares valued at $731,077 was made by McChesney Lee B on Wednesday, March 1. $51,500 worth of Stanley Black & Decker, Inc. (NYSE:SWK) shares were sold by VOELKER JOSEPH R.

The stock of Stanley Black & Decker, Inc. (SWK) formed an up wedge with $152.52 target or 4.00 % above today’s $146.65 share price. The 5 months wedge indicates low risk for the $22.51 billion company. If the $152.52 price target is reached, the company will be worth $900.40 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.28% or $0.41 on July 17, reaching $146.65. About shares traded. Stanley Black & Decker, Inc. (NYSE:SWK) has risen 21.56% since July 18, 2016 and is uptrending. It has outperformed by 4.86% the S&P500.

Investors wait Stanley Black & Decker, Inc. (NYSE:SWK) to report on July, 28. its quarterly earnings Wall Street analysts expect $1.96 EPS, up $0.12 or 6.52 % from last year’s $1.84 same quarter earnings. This translates into $300.85 million profit for SWK giving the stock a 18.71 P/E. This is assuming the current $1.96 EPS is accurate. Stanley Black & Decker, Inc.’s Wall Street analysts see 51.94 % EPS growth, taking into account the $1.29 EPS reproted in the previous quarter,

Stanley Black & Decker, Inc. (NYSE:SWK) Ratings Coverage

Among 19 analysts covering Stanley Black & Decker (NYSE:SWK), 14 have Buy rating, 0 Sell and 5 Hold. Therefore 74% are positive. Stanley Black & Decker had 33 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Monday, April 24 by JP Morgan. On Friday, January 29 the stock rating was maintained by Imperial Capital with “In-Line”. Susquehanna maintained the stock with “Positive” rating in Thursday, April 14 report. The company was upgraded on Friday, October 23 by Credit Agricole. As per Thursday, September 17, the company rating was initiated by UBS. The firm has “Overweight” rating by KeyBanc Capital Markets given on Friday, April 21. The company was maintained on Friday, October 23 by Barclays Capital. Goldman Sachs initiated the shares of SWK in report on Friday, June 10 with “Neutral” rating. The stock of Stanley Black & Decker, Inc. (NYSE:SWK) earned “Overweight” rating by Barclays Capital on Monday, January 30. Argus Research maintained Stanley Black & Decker, Inc. (NYSE:SWK) on Monday, October 12 with “Buy” rating.

More important recent Stanley Black & Decker, Inc. (NYSE:SWK) news were published by: Gurufocus.com which released: “Cornerstone Investment Partners, LLC Buys Stanley Black & Decker Inc, Goldman …” on July 12, 2017, also Gurufocus.com published article titled: “Pier 88 Investment Partners Llc Buys Dominion Energy Inc, Stanley Black …”, Zacks.com published: “Stanley Black Seeks to Grow on Organic, Inorganic Strategies” on June 23, 2017. More interesting news about Stanley Black & Decker, Inc. (NYSE:SWK) was released by: Nasdaq.com and their article: “Cobiz Investment Management, Llc Buys SPDR S&P Dividend, Stanley Black …” with publication date: July 11, 2017.

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