Stanley Black & Decker, Inc. (NYSE:SWK) Declares Quarterly Dividend of $0.81

Stanley Black & Decker, Inc. (NYSE:SWK) announced a quarterly dividend on Friday, April 26th, RTT News reports. Shareholders of record on Tuesday, June 4th will be paid a dividend of 0.81 per share by the industrial products company on Tuesday, June 18th. This represents a $3.24 dividend on an annualized basis and a yield of 3.61%.

Stanley Black & Decker has increased its dividend by an average of 5.0% annually over the last three years and has increased its dividend every year for the last 57 years. Stanley Black & Decker has a payout ratio of 56.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Stanley Black & Decker to earn $5.61 per share next year, which means the company should continue to be able to cover its $3.24 annual dividend with an expected future payout ratio of 57.8%.

Stanley Black & Decker Stock Up 1.0 %

SWK stock opened at $89.72 on Friday. The company’s 50 day moving average is $91.54 and its two-hundred day moving average is $91.03. Stanley Black & Decker has a twelve month low of $73.87 and a twelve month high of $104.21. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The stock has a market cap of $13.80 billion, a P/E ratio of -43.13, a PEG ratio of 2.39 and a beta of 1.34.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The firm’s revenue was down 6.3% compared to the same quarter last year. Research analysts expect that Stanley Black & Decker will post 4.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SWK shares. Barclays increased their price objective on Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. reduced their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday, February 6th. Robert W. Baird lowered their price objective on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Finally, Wells Fargo & Company reduced their price target on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $98.11.

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.