What’s Next for Stanley Black & Decker, Inc. (SWK) After Forming Wedge Up Chart Pattern?

July 18, 2017 - By Richard Conner

Investors sentiment increased to 1.25 in Q4 2016. Its up 0.12, from 1.13 in 2016Q3. It is positive, 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.
Korea Corp owns 415,569 shares. 31,875 are held by Park Circle Communications. Peloton Wealth Strategists holds 24,150 shares. Quantres Asset Ltd owns 2,800 shares. Contravisory owns 231 shares. Airain Limited reported 0.52% stake. Cibc World reported 24,626 shares. Hartford has invested 0.08% in Stanley Black & Decker, Inc. (NYSE:SWK). Nomura Asset Mgmt Commerce Ltd stated it has 19,165 shares or 0.04% of all its holdings. Synovus Corp reported 3,170 shares stake. Meiji Yasuda Asset Management Limited reported 9,083 shares. Profund Advsr Limited Liability Co holds 0.02% of its portfolio in Stanley Black & Decker, Inc. (NYSE:SWK) for 3,605 shares. Private Co Na has invested 0.51% in Stanley Black & Decker, Inc. (NYSE:SWK). Clearbridge Investments Ltd Limited Liability Company stated it has 679,070 shares. Moreover, Schwab Charles Inv Mgmt Inc has 0.13% invested in Stanley Black & Decker, Inc. (NYSE:SWK) for 1.01 million shares.

Since January 26, 2017, it had 0 insider purchases, and 15 selling transactions for $14.75 million activity. 2,200 shares valued at $283,932 were sold by Ansell Jeffrey D on Wednesday, March 1. The insider LOREE JAMES M sold 60,300 shares worth $7.67M. Shares for $245,075 were sold by Wyatt John H. Another trade for 2,371 shares valued at $308,087 was sold by Douglas Craig A. Shares for $560,043 were sold by BEATT BRUCE H on Tuesday, February 28. Another trade for 390 shares valued at $49,358 was made by Cannon James J on Tuesday, February 21. 412 shares were sold by VOELKER JOSEPH R, worth $51,500 on Thursday, January 26.

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.

Analysts await Stanley Black & Decker, Inc. (NYSE:SWK) to report earnings on July, 28. They expect $1.96 earnings per share, up 6.52 % or $0.12 from last year’s $1.84 per share. SWK’s profit will be $300.85 million for 18.71 P/E if the $1.96 EPS becomes a reality. After $1.29 actual earnings per share reported by Stanley Black & Decker, Inc. for the previous quarter, Wall Street now forecasts 51.94 % EPS growth.

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 company was initiated on Friday, June 10 by Goldman Sachs. The rating was downgraded by CLSA to “Outperform” on Tuesday, December 13. The firm has “Buy” rating by Seaport Global given on Friday, June 16. Imperial Capital maintained it with “In-Line” rating and $110 target in Friday, October 23 report. As per Monday, September 21, the company rating was initiated by Buckingham Research. The stock of Stanley Black & Decker, Inc. (NYSE:SWK) has “Overweight” rating given on Friday, April 21 by KeyBanc Capital Markets. The firm has “Overweight” rating by JP Morgan given on Monday, April 24. Longbow downgraded the stock to “Neutral” rating in Monday, August 22 report. The stock of Stanley Black & Decker, Inc. (NYSE:SWK) has “Buy” rating given on Monday, October 12 by Argus Research. Credit Agricole upgraded the stock to “Buy” rating in Friday, October 23 report.

More important recent Stanley Black & Decker, Inc. (NYSE:SWK) news were published by: Nasdaq.com which released: “Cobiz Investment Management, Llc Buys SPDR S&P Dividend, Stanley Black …” on July 11, 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: Gurufocus.com and their article: “Cornerstone Investment Partners, LLC Buys Stanley Black & Decker Inc, Goldman …” with publication date: July 12, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.