Stanley Black & Decker, Inc. (NYSE:SWK) Declares $0.83 Quarterly Dividend

Stanley Black & Decker, Inc. (NYSE:SWK) announced a quarterly dividend on Friday, April 24th. Stockholders of record on Monday, June 8th will be given a dividend of 0.83 per share by the industrial products company on Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Monday, June 8th.

Stanley Black & Decker has raised its dividend payment by an average of 0.0%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 58.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Stanley Black & Decker to earn $6.12 per share next year, which means the company should continue to be able to cover its $3.32 annual dividend with an expected future payout ratio of 54.2%.

Stanley Black & Decker Stock Down 1.1%

SWK opened at $78.48 on Friday. The firm’s 50-day simple moving average is $75.09 and its 200-day simple moving average is $76.86. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.43 and a current ratio of 1.14. Stanley Black & Decker has a twelve month low of $61.90 and a twelve month high of $93.37. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.12 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.19. Stanley Black & Decker had a net margin of 2.44% and a return on equity of 7.95%. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the company earned $0.75 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Equities research analysts anticipate that Stanley Black & Decker will post 5.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SWK. Wall Street Zen cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Citigroup upped their price target on Stanley Black & Decker from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. upped their price target on Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a research note on Friday, May 1st. Wells Fargo & Company upped their price target on Stanley Black & Decker from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Monday, April 20th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $87.33.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.