Steinberg Global Asset Management Has Lowered Kinder Morgan Del (KMI) Holding by $377,986; Kings Point Capital Management Increased Stanley Black & Decker (SWK) Position by $559,050

February 18, 2018 - By wolcottdaily

Kings Point Capital Management increased its stake in Stanley Black & Decker Inc (SWK) by 14.08% based on its latest 2017Q3 regulatory filing with the SEC. Kings Point Capital Management bought 3,727 shares as the company’s stock rose 7.82% with the market. The institutional investor held 30,204 shares of the capital goods company at the end of 2017Q3, valued at $4.56M, up from 26,477 at the end of the previous reported quarter. Kings Point Capital Management who had been investing in Stanley Black & Decker Inc for a number of months, seems to be bullish on the $24.50 billion market cap company. The stock decreased 0.22% or $0.36 during the last trading session, reaching $159.77. About 1.08M shares traded or 5.54% up from the average. Stanley Black & Decker, Inc. (NYSE:SWK) has risen 21.56% since February 18, 2017 and is uptrending. It has outperformed by 4.86% the S&P500.

Steinberg Global Asset Management decreased its stake in Kinder Morgan Inc Del (KMI) by 54.95% based on its latest 2017Q3 regulatory filing with the SEC. Steinberg Global Asset Management sold 19,894 shares as the company’s stock declined 10.34% while stock markets rallied. The institutional investor held 16,309 shares of the public utilities company at the end of 2017Q3, valued at $313,000, down from 36,203 at the end of the previous reported quarter. Steinberg Global Asset Management who had been investing in Kinder Morgan Inc Del for a number of months, seems to be less bullish one the $37.64 billion market cap company. The stock decreased 1.44% or $0.25 during the last trading session, reaching $17.06. About 15.04 million shares traded. Kinder Morgan, Inc. (NYSE:KMI) has risen 13.09% since February 18, 2017 and is uptrending. It has underperformed by 3.61% the S&P500.

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 firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, July 25. The firm earned “Buy” rating on Monday, January 29 by Northcoast. The rating was maintained by Robert W. Baird on Monday, August 28 with “Hold”. KeyBanc Capital Markets maintained the shares of SWK in report on Wednesday, January 24 with “Buy” rating. The firm has “Buy” rating given on Thursday, September 17 by UBS. Nomura maintained Stanley Black & Decker, Inc. (NYSE:SWK) on Wednesday, October 25 with “Buy” rating. The stock has “Buy” rating by Northcoast on Friday, October 20. The rating was maintained by KeyBanc Capital Markets with “Buy” on Friday, November 17. Robert W. Baird maintained the shares of SWK in report on Wednesday, October 25 with “Neutral” rating. The rating was initiated by UBS on Tuesday, January 23 with “Buy”.

Since September 8, 2017, it had 0 insider purchases, and 5 sales for $16.53 million activity. 10,432 shares were sold by VOELKER JOSEPH R, worth $1.57 million. Ansell Jeffrey D sold $1.84 million worth of stock or 11,221 shares. 6,956 shares were sold by Wyatt John H, worth $1.03M.

Kings Point Capital Management, which manages about $448.23 million US Long portfolio, decreased its stake in Paychex Inc (NASDAQ:PAYX) by 29,792 shares to 61,816 shares, valued at $3.71M in 2017Q3, according to the filing. It also reduced its holding in Cvs Caremark Corp (NYSE:CVS) by 4,856 shares in the quarter, leaving it with 106,667 shares, and cut its stake in Booz Allen Hamilton Hldg Cor (NYSE:BAH).

Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.02, from 1.08 in 2017Q2. It is positive, 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. Tnb stated it has 0.06% in Stanley Black & Decker, Inc. (NYSE:SWK). Blackrock reported 9.92M shares stake. Bryn Mawr Tru reported 0.01% of its portfolio in Stanley Black & Decker, Inc. (NYSE:SWK). Invesco Limited has 0.18% invested in Stanley Black & Decker, Inc. (NYSE:SWK). Exane Derivatives accumulated 1 shares or 0% of the stock. First Personal Fincl has 77 shares for 0% of their portfolio. Trust Department Mb Bancshares N A reported 0% in Stanley Black & Decker, Inc. (NYSE:SWK). New York-based Qs Limited Liability has invested 0% in Stanley Black & Decker, Inc. (NYSE:SWK). 1,175 were reported by Reilly Advsrs Llc. Geode Cap Management Ltd Limited Liability Company has 0.09% invested in Stanley Black & Decker, Inc. (NYSE:SWK). Amica Pension Fund Board Of Trustees owns 16,133 shares or 0.29% of their US portfolio. Catalyst Cap Lc invested in 0.02% or 2,580 shares. Howe And Rusling reported 2,228 shares stake. Point72 Asia (Hong Kong) Limited has invested 0.06% in Stanley Black & Decker, Inc. (NYSE:SWK). C M Bidwell And Assoc Limited has invested 0.01% in Stanley Black & Decker, Inc. (NYSE:SWK).

Investors sentiment decreased to 0.77 in 2017 Q3. Its down 0.13, from 0.9 in 2017Q2. It turned negative, as 70 investors sold KMI shares while 353 reduced holdings. 69 funds opened positions while 257 raised stakes. 1.31 billion shares or 2.89% more from 1.27 billion shares in 2017Q2 were reported. Westpac stated it has 0.06% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI). The Cayman Islands-based Quantres Asset Mngmt has invested 0.19% in Kinder Morgan, Inc. (NYSE:KMI). Indexiq Advsrs Lc has 0.01% invested in Kinder Morgan, Inc. (NYSE:KMI). Cap Invest Counsel, North Carolina-based fund reported 12,151 shares. Amer Comml Bank, a Texas-based fund reported 182,786 shares. Penn Davis Mcfarland Inc has invested 5.86% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI). Arosa Cap Mngmt Lp accumulated 400,000 shares. Macquarie Group Ltd has 6.68M shares. 4.37 million were accumulated by Mitsubishi Ufj Tru & Banking Corporation. Wells Fargo And Mn has 0.06% invested in Kinder Morgan, Inc. (NYSE:KMI) for 9.61M shares. 1,318 are owned by Gemmer Asset Management Ltd Liability. Prtn Group Ag invested in 4.49% or 2.11 million shares. Swiss Fincl Bank holds 7.40M shares or 0.16% of its portfolio. 28,174 are held by Strategy Asset Managers Llc. Cedar Hill Assoc Ltd Co accumulated 0.04% or 12,554 shares.

Steinberg Global Asset Management, which manages about $604.10 million and $680.23 million US Long portfolio, upped its stake in Unitedhealth Group Inc (NYSE:UNH) by 3,029 shares to 5,465 shares, valued at $1.07M in 2017Q3, according to the filing. It also increased its holding in Ncr Corp New (NYSE:NCR) by 25,965 shares in the quarter, for a total of 42,604 shares, and has risen its stake in Mondelez Intl Inc (NASDAQ:MDLZ).

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