Renaissance Group Has Trimmed Stanley Black & Decker (SWK) Holding; Platform Specialty Products (PAH) Shorts Up By 2.75%

May 21, 2018 - By Ellis Scott

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

Platform Specialty Products Corporation (NYSE:PAH) had an increase of 2.75% in short interest. PAH’s SI was 23.37M shares in May as released by FINRA. Its up 2.75% from 22.74M shares previously. With 2.86 million avg volume, 8 days are for Platform Specialty Products Corporation (NYSE:PAH)’s short sellers to cover PAH’s short positions. The SI to Platform Specialty Products Corporation’s float is 10.07%. The stock increased 1.15% or $0.13 during the last trading session, reaching $11.39. About 790,381 shares traded. Platform Specialty Products Corporation (NYSE:PAH) has declined 24.04% since May 21, 2017 and is downtrending. It has underperformed by 35.59% the S&P500.

Renaissance Group Llc decreased Stanley Black & Decker Inc (SWK) stake by 5.88% reported in 2017Q4 SEC filing. Renaissance Group Llc sold 14,312 shares as Stanley Black & Decker Inc (SWK)’s stock declined 8.99%. The Renaissance Group Llc holds 229,223 shares with $38.90M value, down from 243,535 last quarter. Stanley Black & Decker Inc now has $22.83 billion valuation. The stock increased 2.16% or $3.125 during the last trading session, reaching $147.945. About 998,623 shares traded. Stanley Black & Decker, Inc. (NYSE:SWK) has risen 16.50% since May 21, 2017 and is uptrending. It has outperformed by 4.95% the S&P500.

Since March 5, 2018, it had 1 insider buy, and 1 sale for $447,181 activity. Hankin Michael David also bought $50,148 worth of Stanley Black & Decker, Inc. (NYSE:SWK) shares. Shares for $497,329 were sold by VOELKER JOSEPH R on Monday, March 5.

Investors sentiment decreased to 1.03 in 2017 Q4. Its down 0.07, from 1.1 in 2017Q3. It turned negative, as 35 investors sold SWK shares while 229 reduced holdings. 89 funds opened positions while 182 raised stakes. 125.92 million shares or 0.99% less from 127.17 million shares in 2017Q3 were reported. Wellington Shields Capital Limited Liability Corporation holds 0.47% of its portfolio in Stanley Black & Decker, Inc. (NYSE:SWK) for 18,000 shares. Impax Asset Mngmt Limited Liability Company has invested 1.04% of its portfolio in Stanley Black & Decker, Inc. (NYSE:SWK). Massachusetts Financial Services Company Ma accumulated 3.79 million shares or 0.27% of the stock. Adage Cap Prtnrs Lc reported 114,589 shares. Qs Invsts Lc, New York-based fund reported 1,984 shares. State Treasurer State Of Michigan has invested 0.06% in Stanley Black & Decker, Inc. (NYSE:SWK). Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 7,335 shares. Advantus Cap Management reported 0.07% stake. 2,243 were reported by Huntington Bank & Trust. Reynders Mcveigh Capital Mngmt Limited Liability Corp holds 0.08% or 3,470 shares in its portfolio. Communications Of Virginia Va invested 0.03% in Stanley Black & Decker, Inc. (NYSE:SWK). Two Sigma Secs Ltd Liability stated it has 1,225 shares. Glenmede Tru Communication Na owns 241,341 shares or 0.17% of their US portfolio. Sg Americas Secs Ltd Co owns 24,569 shares for 0.04% of their portfolio. Amica Pension Fund Board Of Trustees stated it has 0.31% of its portfolio in Stanley Black & Decker, Inc. (NYSE:SWK).

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 63 analyst reports since August 3, 2015 according to SRatingsIntel. 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. The stock has “Neutral” rating by Goldman Sachs on Friday, June 10. KeyBanc Capital Markets upgraded the stock to “Overweight” rating in Friday, April 21 report. As per Friday, October 23, the company rating was maintained by Imperial Capital. The stock of Stanley Black & Decker, Inc. (NYSE:SWK) has “Buy” rating given on Monday, October 12 by Argus Research. The stock of Stanley Black & Decker, Inc. (NYSE:SWK) earned “Buy” rating by Susquehanna on Friday, January 12. The rating was maintained by Susquehanna with “Buy” on Monday, April 23. The firm earned “Buy” rating on Friday, June 16 by Seaport Global. The company was upgraded on Monday, April 24 by KeyCorp. On Monday, April 24 the stock rating was upgraded by JP Morgan to “Overweight”.

More news for Stanley Black & Decker, Inc. (NYSE:SWK) were recently published by: Nasdaq.com, which released: “Craftsman Tools at Lowe’s: Bad News for Sears Holdings” on May 20, 2018. Bizjournals.com‘s article titled: “Craftsman tools now stocked in Lowe’s stores” and published on May 14, 2018 is yet another important article.

Analysts await Stanley Black & Decker, Inc. (NYSE:SWK) to report earnings on July, 23. They expect $2.03 EPS, up 1.00% or $0.02 from last year’s $2.01 per share. SWK’s profit will be $313.24M for 18.22 P/E if the $2.03 EPS becomes a reality. After $1.39 actual EPS reported by Stanley Black & Decker, Inc. for the previous quarter, Wall Street now forecasts 46.04% EPS growth.

Renaissance Group Llc increased Lukoil Pjsc stake by 24,956 shares to 319,136 valued at $18.40M in 2017Q4. It also upped China Eastern Airlines Corp T (NYSE:CEA) stake by 14,392 shares and now owns 576,303 shares. Advanced Semiconductor Engin E (NYSE:ASX) was raised too.

Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. The company has market cap of $3.28 billion. It operates through two divisions, Performance Solutions and Agricultural Solutions. It currently has negative earnings. The Performance Solutions segment offers plating products that are used to plate holes; electroless nickel products, which are applied to various metal and plastic surfaces; electronic assembly materials for use in the electronic market and residential boiler systems; final finishes that are used on printed circuit boards; circuit formation products for surface preparation; oxides, which are used in the fabrication of multilayer circuit boards; semiconductor materials and packaging products; and pre-treatment and cleaning solutions.

More important recent Platform Specialty Products Corporation (NYSE:PAH) news were published by: Seekingalpha.com which released: “Tracking David Tepper’s Appaloosa Management Portfolio – Q1 2018 Update” on May 21, 2018, also Globenewswire.com published article titled: “Platform Specialty Products Corporation to Present at May Investor Conferences”, Seekingalpha.com published: “Platform Specialty Products’ (PAH) CEO Rakesh Sachdev on Q1 2018 Results – Earnings Call Transcript” on May 06, 2018. More interesting news about Platform Specialty Products Corporation (NYSE:PAH) was released by: Globenewswire.com and their article: “New Research Coverage Highlights CSX, Hewlett Packard Enterprise, Platform Specialty Products, ITT, United Parcel …” with publication date: May 16, 2018.

Investors sentiment increased to 1.35 in 2017 Q4. Its up 0.20, from 1.15 in 2017Q3. It increased, as 26 investors sold Platform Specialty Products Corporation shares while 53 reduced holdings. 45 funds opened positions while 62 raised stakes. 246.84 million shares or 1.35% more from 243.56 million shares in 2017Q3 were reported. Indexiq Ltd Co owns 42,778 shares. Wells Fargo And Mn invested in 0% or 707,129 shares. Wolverine Asset Mngmt Limited Co accumulated 15,390 shares. Tributary Cap Mgmt Ltd Liability Co invested in 0.1% or 118,800 shares. Proshare Lc invested in 0% or 16,594 shares. First Advsr Limited Partnership reported 626,313 shares. Endowment Mngmt Ltd Partnership owns 38,700 shares for 0.06% of their portfolio. Moreover, State Of Alaska Department Of Revenue has 0% invested in Platform Specialty Products Corporation (NYSE:PAH). Laurion L P owns 0.04% invested in Platform Specialty Products Corporation (NYSE:PAH) for 864,583 shares. Independent Inc has 75,875 shares. Public Employees Retirement Association Of Colorado has 0% invested in Platform Specialty Products Corporation (NYSE:PAH) for 44,652 shares. Prudential Financial invested 0% in Platform Specialty Products Corporation (NYSE:PAH). Gsa Partners Llp accumulated 76,531 shares. Jacobs Levy Equity Mngmt Inc holds 0.01% of its portfolio in Platform Specialty Products Corporation (NYSE:PAH) for 78,800 shares. Ancora Advsr Ltd Liability has 0.33% invested in Platform Specialty Products Corporation (NYSE:PAH).

Among 10 analysts covering Platform Specialty Products Corporation (NYSE:PAH), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Platform Specialty Products Corporation had 25 analyst reports since August 17, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Wednesday, November 15 by Credit Suisse. The firm has “Buy” rating given on Thursday, November 2 by SunTrust. The firm has “Neutral” rating by Nomura given on Tuesday, September 13. Roth Capital maintained Platform Specialty Products Corporation (NYSE:PAH) rating on Thursday, November 2. Roth Capital has “Buy” rating and $15.0 target. Credit Suisse reinitiated it with “Neutral” rating and $10 target in Monday, May 2 report. The firm has “Buy” rating given on Monday, November 7 by Nomura. SunTrust upgraded Platform Specialty Products Corporation (NYSE:PAH) on Monday, September 18 to “Buy” rating. The stock of Platform Specialty Products Corporation (NYSE:PAH) earned “Equal Weight” rating by Barclays Capital on Wednesday, October 5. The stock has “Buy” rating by Bank of America on Wednesday, March 9. The rating was maintained by Nomura on Tuesday, June 13 with “Buy”.

Stanley Black & Decker, Inc. (NYSE:SWK) Institutional Positions Chart

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.