Stanley Black & Decker, Inc. (NYSE:SWK) Announces Quarterly Dividend of $0.81

Stanley Black & Decker, Inc. (NYSE:SWK) declared a quarterly dividend on Friday, April 26th, RTT News reports. Investors of record on Tuesday, June 4th will be paid a dividend of 0.81 per share by the industrial products company on Tuesday, June 18th. This represents a $3.24 annualized dividend and a yield of 3.61%.

Stanley Black & Decker has raised its dividend by an average of 5.0% per year over the last three years and has raised its dividend every year for the last 57 years. Stanley Black & Decker has a dividend payout ratio of 56.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Stanley Black & Decker to earn $5.61 per share next year, which means the company should continue to be able to cover its $3.24 annual dividend with an expected future payout ratio of 57.8%.

Stanley Black & Decker Price Performance

NYSE:SWK traded up $0.88 on Friday, hitting $89.71. The company had a trading volume of 1,483,529 shares, compared to its average volume of 1,300,753. The firm has a 50 day moving average of $91.52 and a two-hundred day moving average of $90.96. The stock has a market capitalization of $13.80 billion, a price-to-earnings ratio of -42.69, a PEG ratio of 2.43 and a beta of 1.34. Stanley Black & Decker has a 52 week low of $73.87 and a 52 week high of $104.21. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.19. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.84 billion. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.10) earnings per share. On average, research analysts anticipate that Stanley Black & Decker will post 4.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

SWK has been the subject of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. JPMorgan Chase & Co. lowered their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Robert W. Baird reduced their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Finally, Barclays lifted their price target on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $98.11.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.