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

Stanley Black & Decker, Inc. (NYSE:SWK) announced a quarterly dividend on Tuesday, February 18th, RTT News reports. Stockholders of record on Tuesday, March 4th will be given a dividend of 0.82 per share by the industrial products company on Tuesday, March 18th. This represents a $3.28 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Tuesday, March 4th.

Stanley Black & Decker has increased its dividend payment by an average of 3.0% annually over the last three years and has increased its dividend every year for the last 58 years. Stanley Black & Decker has a dividend payout ratio of 51.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Stanley Black & Decker to earn $6.29 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 52.1%.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK opened at $86.47 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. Stanley Black & Decker has a 1 year low of $77.70 and a 1 year high of $110.88. The firm has a fifty day moving average price of $84.90 and a 200-day moving average price of $92.54. The stock has a market cap of $13.35 billion, a PE ratio of 44.57, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Equities analysts anticipate that Stanley Black & Decker will post 5.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group decreased their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Citigroup cut their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a research note on Thursday, December 19th. Finally, Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $103.00.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Storage segment, and Industrial segment.