Stanley Black & Decker, Inc. (SWK) to Distribute Quarterly Dividend of $0.84 on December 22nd

Stanley Black & Decker, Inc. (NYSE:SWK) declared a quarterly dividend on Thursday, October 29th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.84 per share by the industrial products company on Tuesday, December 22nd. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, December 1st.

Stanley Black & Decker has a dividend payout ratio of 59.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Stanley Black & Decker to earn $6.19 per share next year, which means the company should continue to be able to cover its $3.36 annual dividend with an expected future payout ratio of 54.3%.

Stanley Black & Decker Stock Down 0.2%

Shares of NYSE SWK opened at $103.42 on Friday. The stock has a market capitalization of $15.62 billion, a P/E ratio of 19.89, a PEG ratio of 1.54 and a beta of 1.17. The stock’s fifty day moving average is $93.44 and its 200 day moving average is $85.60. Stanley Black & Decker has a 52 week low of $61.90 and a 52 week high of $105.17. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.43.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.36. The business had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. Stanley Black & Decker’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.08 earnings per share. Sell-side analysts forecast that Stanley Black & Decker will post 5.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Chicago Partners Investment Group LLC increased its holdings in Stanley Black & Decker by 119.1% in the third quarter. Chicago Partners Investment Group LLC now owns 12,405 shares of the industrial products company’s stock valued at $1,231,000 after purchasing an additional 6,742 shares during the period. Sound Financial Strategies Group LLC raised its position in Stanley Black & Decker by 34.7% during the 3rd quarter. Sound Financial Strategies Group LLC now owns 4,844 shares of the industrial products company’s stock worth $429,000 after purchasing an additional 1,249 shares during the last quarter. Rakuten Investment Management Inc. lifted its holdings in Stanley Black & Decker by 4.9% during the 3rd quarter. Rakuten Investment Management Inc. now owns 17,287 shares of the industrial products company’s stock worth $1,535,000 after buying an additional 805 shares during the period. Provenance Wealth Advisors LLC lifted its holdings in Stanley Black & Decker by 5,342.9% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 381 shares of the industrial products company’s stock worth $34,000 after buying an additional 374 shares during the period. Finally, SilverOak Wealth Management LLC acquired a new position in Stanley Black & Decker during the 3rd quarter worth about $206,000. Institutional investors own 87.77% of the company’s stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc is a global manufacturer of tools, outdoor products and related equipment. The company serves professional contractors, industrial customers, do-it-yourself consumers and outdoor enthusiasts through a portfolio that includes power tools, hand tools, storage solutions, accessories, lawn and garden equipment, and other outdoor products.

Its brands include DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER, Cub Cadet, Hustler and Troy-Bilt. Products are sold through retailers, distributors, e-commerce channels and other commercial outlets, supporting construction, maintenance, manufacturing, automotive repair and residential applications.

The company was formed in 2010 through the merger of The Stanley Works and The Black & Decker Corporation.