Stanley Black & Decker, Inc. (NYSE:SWK) Announces $0.82 Quarterly Dividend

Stanley Black & Decker, Inc. (NYSE:SWK) announced a quarterly dividend on Tuesday, October 22nd,RTT News reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.82 per share by the industrial products company on Tuesday, December 17th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Friday, November 29th.

Stanley Black & Decker has increased its dividend by an average of 5.0% annually over the last three years and has increased its dividend annually for the last 58 consecutive years. Stanley Black & Decker has a payout ratio of 59.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Stanley Black & Decker to earn $5.42 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 60.5%.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK opened at $89.77 on Thursday. The firm’s 50-day moving average price is $99.36 and its 200-day moving average price is $93.84. Stanley Black & Decker has a 52-week low of $77.70 and a 52-week high of $110.88. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. The company has a market cap of $13.84 billion, a PE ratio of -65.53, a PEG ratio of 2.50 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the prior year, the business earned $1.05 EPS. The business’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, analysts anticipate that Stanley Black & Decker will post 4.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Robert W. Baird lowered their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research note on Monday, August 5th. Morgan Stanley decreased their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group raised their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Barclays raised their target price on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus target price of $102.29.

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.