New South Capital Management Has Trimmed Its Stanley Black & Decker (SWK) Position by $810,450; Share Price Rose; As Apple (AAPL) Shares Rose, Meru Capital Group LP Has Lifted Its Holding by $3.47 Million

February 17, 2018 - By Darrin Black

New South Capital Management Inc decreased its stake in Stanley Black & Decker (SWK) by 1.04% based on its latest 2017Q3 regulatory filing with the SEC. New South Capital Management Inc sold 5,403 shares as the company’s stock rose 7.82% with the market. The institutional investor held 512,123 shares of the capital goods company at the end of 2017Q3, valued at $77.32 million, down from 517,526 at the end of the previous reported quarter. New South Capital Management Inc who had been investing in Stanley Black & Decker for a number of months, seems to be less bullish one the $24.50 billion market cap company. The stock decreased 0.22% or $0.36 during the last trading session, reaching $159.77. About 1.08 million shares traded or 5.88% up from the average. Stanley Black & Decker, Inc. (NYSE:SWK) has risen 21.56% since February 17, 2017 and is uptrending. It has outperformed by 4.86% the S&P500.

Guru Ramakrishnan increased its stake in Apple Inc (AAPL) by 225% based on its latest 2017Q3 regulatory filing with the SEC. Meru Capital Group Lp bought 22,500 shares as the company’s stock rose 12.78% with the market. The hedge fund run by Guru Ramakrishnan held 32,500 shares of the computer manufacturing company at the end of 2017Q3, valued at $5.01M, up from 10,000 at the end of the previous reported quarter. Meru Capital Group Lp who had been investing in Apple Inc for a number of months, seems to be bullish on the $874.91 billion market cap company. The stock decreased 0.32% or $0.56 during the last trading session, reaching $172.43. About 40.18 million shares traded or 18.57% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 17, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

New South Capital Management Inc, which manages about $3.52 billion and $4.19B US Long portfolio, upped its stake in Ishares (IWM) by 29,100 shares to 58,405 shares, valued at $8.65M in 2017Q3, according to the filing. It also increased its holding in Tegna Inc by 930,236 shares in the quarter, for a total of 10.47M shares, and has risen its stake in Service Corp International (NYSE:SCI).

Since September 8, 2017, it had 0 insider buys, and 5 insider sales for $16.53 million activity. On Friday, September 8 the insider Wyatt John H sold $1.03M. On Wednesday, October 25 the insider Ansell Jeffrey D sold $1.84 million. $11.41 million worth of Stanley Black & Decker, Inc. (NYSE:SWK) shares were sold by LOREE JAMES M.

Among 25 analysts covering Stanley Black & Decker (NYSE:SWK), 20 have Buy rating, 0 Sell and 5 Hold. Therefore 80% are positive. Stanley Black & Decker had 57 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was initiated by Northcoast on Friday, October 20 with “Buy”. The rating was maintained by Nomura with “Buy” on Wednesday, October 25. On Friday, October 23 the stock rating was maintained by Imperial Capital with “In-Line”. The firm has “Buy” rating by UBS given on Tuesday, January 23. The firm has “Overweight” rating given on Monday, April 24 by KeyCorp. The firm has “Outperform” rating by CLSA given on Tuesday, December 13. Morgan Stanley maintained Stanley Black & Decker, Inc. (NYSE:SWK) rating on Thursday, August 10. Morgan Stanley has “Equal-Weight” rating and $154 target. Zelman upgraded the shares of SWK in report on Wednesday, October 18 to “Buy” rating. As per Friday, June 16, the company rating was initiated by Seaport Global. Robert W. Baird maintained Stanley Black & Decker, Inc. (NYSE:SWK) rating on Thursday, October 19. Robert W. Baird has “Hold” rating and $150.0 target.

Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.02, from 1.08 in 2017Q2. It increased, as 42 investors sold SWK shares while 200 reduced holdings. 71 funds opened positions while 195 raised stakes. 127.17 million shares or 1.16% more from 125.71 million shares in 2017Q2 were reported. Kistler has invested 0.02% in Stanley Black & Decker, Inc. (NYSE:SWK). The Pennsylvania-based Janney Ltd Llc has invested 0.05% in Stanley Black & Decker, Inc. (NYSE:SWK). Alta Management Llc owns 0.02% invested in Stanley Black & Decker, Inc. (NYSE:SWK) for 2,364 shares. Great West Life Assurance Co Can invested in 0.04% or 113,231 shares. Sumitomo Mitsui Tru Hldgs stated it has 0.09% of its portfolio in Stanley Black & Decker, Inc. (NYSE:SWK). Livforsakringsbolaget Skandia Omsesidigt owns 13,802 shares. Wellington Shields Capital Mngmt Ltd has invested 0.36% in Stanley Black & Decker, Inc. (NYSE:SWK). Pax Lc stated it has 161,863 shares or 1.4% of all its holdings. Highbridge Cap Limited Liability Co holds 115,490 shares or 0.26% of its portfolio. Ballentine Prtn Ltd Liability Company accumulated 9,454 shares. Peapack Gladstone Corporation reported 0.02% of its portfolio in Stanley Black & Decker, Inc. (NYSE:SWK). 1,410 are held by Centers Of America Inc. Tiemann Invest Advsr Limited Liability Com, a California-based fund reported 1,330 shares. Hallmark Capital Mngmt Inc has invested 0.12% in Stanley Black & Decker, Inc. (NYSE:SWK). Royal Bancorporation Of Canada holds 0.04% or 560,829 shares.

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 34 have Buy rating, 1 Sell and 18 Hold. Therefore 64% are positive. Apple Inc. had 378 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Bernstein on Thursday, August 20. The firm has “Buy” rating given on Monday, November 20 by Canaccord Genuity. The firm has “Buy” rating given on Friday, October 27 by Maxim Group. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Monday, October 16. Brean Capital maintained Apple Inc. (NASDAQ:AAPL) on Wednesday, October 26 with “Buy” rating. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, October 28 report. The firm has “Buy” rating given on Tuesday, October 31 by Piper Jaffray. The firm has “Buy” rating by UBS given on Friday, January 5. Morgan Stanley maintained Apple Inc. (NASDAQ:AAPL) on Tuesday, September 19 with “Overweight” rating. The company was upgraded on Wednesday, October 28 by Pacific Crest.

Since August 15, 2017, it had 0 insider purchases, and 7 selling transactions for $70.47 million activity. COOK TIMOTHY D sold 268,623 shares worth $43.15 million. $948,612 worth of Apple Inc. (NASDAQ:AAPL) shares were sold by Srouji Johny. Riccio Daniel J. had sold 15,642 shares worth $2.42 million. KONDO CHRIS had sold 6,209 shares worth $1.01M on Tuesday, August 15. SCHILLER PHILIP W sold $8.79M worth of Apple Inc. (NASDAQ:AAPL) on Tuesday, October 3.

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