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

Stanley Black & Decker, Inc. (NYSE:SWK) declared a quarterly dividend on Tuesday, October 22nd, RTT News reports. Investors 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 dividend yield of 3.13%.

Stanley Black & Decker has raised its dividend payment by an average of 5.0% annually over the last three years and has increased its dividend every year for the last 58 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 Trading Down 0.8 %

Shares of NYSE SWK traded down $0.85 during midday trading on Tuesday, hitting $104.83. The stock had a trading volume of 1,635,903 shares, compared to its average volume of 1,381,932. The company has a quick ratio of 0.42, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. Stanley Black & Decker has a 1-year low of $76.57 and a 1-year high of $110.88. The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of -54.47, a PEG ratio of 2.83 and a beta of 1.24. The company has a fifty day moving average price of $103.04 and a 200 day moving average price of $93.44.

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

Analyst Upgrades and Downgrades

SWK has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Morgan Stanley initiated coverage on Stanley Black & Decker in a report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price target on the stock. Barclays raised their price target on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. increased their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company cut their target price on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $106.13.

Insider Activity

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the company’s 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 directly owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by insiders.

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.