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

Stanley Black & Decker, Inc. (NYSE:SWK) announced a quarterly dividend on Tuesday, February 18th,RTT News reports. Stockholders of record on Tuesday, March 4th will be paid a dividend of 0.82 per share by the industrial products company on Tuesday, March 18th. This represents a $3.28 annualized dividend and a dividend yield of 3.77%.

Stanley Black & Decker has raised its dividend by an average of 3.0% per year over the last three years and has increased its dividend every year for the last 58 years. Stanley Black & Decker has a dividend payout ratio of 50.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Stanley Black & Decker to earn $6.30 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 52.1%.

Stanley Black & Decker Trading Down 0.1 %

SWK stock traded down $0.08 during midday trading on Tuesday, reaching $87.02. 993,341 shares of the company traded hands, compared to its average volume of 1,864,804. The firm has a market capitalization of $13.42 billion, a price-to-earnings ratio of 44.86, a P/E/G ratio of 1.87 and a beta of 1.24. Stanley Black & Decker has a 52-week low of $77.70 and a 52-week high of $110.88. The business has a 50 day moving average of $83.93 and a 200-day moving average of $93.02. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.30.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. As a group, sell-side analysts expect that Stanley Black & Decker will post 5.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SWK has been the subject of a number of recent analyst reports. UBS Group dropped their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a research note on Thursday, December 19th. Robert W. Baird decreased their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Barclays lowered their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $103.00.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Storage segment, and Industrial segment.