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

Stanley Black & Decker, Inc. (NYSE:SWK) announced a quarterly dividend on Tuesday, October 22nd, RTT News reports. Investors of record on Friday, November 29th will be given 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 dividend yield of 3.13%.

Stanley Black & Decker has raised 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 58 consecutive years. Stanley Black & Decker has a payout ratio of 57.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Stanley Black & Decker to earn $5.75 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 57.0%.

Stanley Black & Decker Stock Down 0.8 %

Shares of Stanley Black & Decker stock traded down $0.85 on Tuesday, hitting $104.83. 1,635,903 shares of the company traded hands, compared to its average volume of 1,381,932. Stanley Black & Decker has a 12-month low of $76.57 and a 12-month high of $110.88. The company has a quick ratio of 0.42, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. The company has a market cap of $16.14 billion, a PE ratio of -54.47, a PEG ratio of 2.83 and a beta of 1.24. The company has a 50-day moving average price of $103.04 and a 200 day moving average price of $93.44.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. Sell-side analysts predict that Stanley Black & Decker will post 4.18 earnings per share for the current year.

Analyst Ratings Changes

SWK has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research report on Monday, August 5th. Robert W. Baird upped their price objective on shares of Stanley Black & Decker from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday. Barclays raised their target price on Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Morgan Stanley initiated coverage on Stanley Black & Decker in a report on Friday, September 6th. They set an “equal weight” rating and a $107.00 price objective on the stock. Finally, UBS Group boosted their target price on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $106.13.

Insider Activity at Stanley Black & Decker

In related news, SVP Janet Link sold 13,520 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the completion of the sale, the senior vice president now owns 31,960 shares in the company, valued at approximately $3,320,963.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

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.