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

Stanley Black & Decker, Inc. (NYSE:SWK) declared a quarterly dividend on Tuesday, October 22nd,RTT News reports. Shareholders 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 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Friday, November 29th.

Stanley Black & Decker has raised 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% meaning its dividend is sufficiently covered by earnings. 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 Up 0.3 %

Shares of NYSE SWK opened at $89.77 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. Stanley Black & Decker has a 12 month low of $77.70 and a 12 month high of $110.88. The firm has a market capitalization of $13.84 billion, a PE ratio of -65.53, a price-to-earnings-growth ratio of 2.50 and a beta of 1.25. The firm has a fifty day simple moving average of $99.36 and a two-hundred day simple moving average of $93.84.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SWK. Morgan Stanley reduced 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 report on Wednesday, October 30th. Robert W. Baird reduced their target price on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Barclays upped 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 report on Wednesday, October 2nd. Wells Fargo & Company reduced their target price on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and a consensus target price of $102.29.

About Stanley Black & Decker

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.