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

Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) announced a quarterly dividend on Friday, April 26th, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 3.61%.

Stanley Black & Decker has increased its dividend payment by an average of 5.0% per year over the last three years and has increased its dividend annually for the last 57 consecutive years. Stanley Black & Decker has a dividend payout ratio of 56.9% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of SWK stock traded up $0.89 on Friday, reaching $89.72. The stock had a trading volume of 1,484,037 shares, compared to its average volume of 1,300,760. Stanley Black & Decker has a 12 month low of $73.87 and a 12 month high of $104.21. The firm has a market capitalization of $13.80 billion, a price-to-earnings ratio of -43.13, a P/E/G ratio of 2.43 and a beta of 1.34. The firm's 50-day moving average is $91.54 and its two-hundred day moving average is $91.03. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on SWK shares. Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $105.00 to $95.00 and set an "equal weight" rating on the stock in a report on Friday, February 2nd. JPMorgan Chase & Co. decreased their price target on shares of Stanley Black & Decker from $89.00 to $80.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 6th. Barclays raised their price objective on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. Finally, Robert W. Baird decreased their target price on Stanley Black & Decker from $82.00 to $80.00 and set a "neutral" rating on the stock in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus 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.