Stanley Black & Decker, Inc. (SWK) Declares $0.66 Quarterly Dividend

Stanley Black & Decker, Inc. (NYSE:SWK) announced a quarterly dividend on Wednesday, October 17th, RTT News reports. Shareholders of record on Friday, November 30th will be paid a dividend of 0.66 per share by the industrial products company on Tuesday, December 18th. This represents a $2.64 dividend on an annualized basis and a yield of 2.14%.

Stanley Black & Decker has raised its dividend payment by an average of 5.9% per year over the last three years and has increased its dividend every year for the last 50 years. Stanley Black & Decker has a payout ratio of 31.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Stanley Black & Decker to earn $9.43 per share next year, which means the company should continue to be able to cover its $2.64 annual dividend with an expected future payout ratio of 28.0%.

NYSE:SWK traded down $4.53 during trading hours on Wednesday, reaching $123.57. 3,386,000 shares of the company traded hands, compared to its average volume of 1,308,814. The stock has a market cap of $22.41 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.51 and a current ratio of 0.94. Stanley Black & Decker has a 1-year low of $123.15 and a 1-year high of $176.62.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Friday, July 20th. The industrial products company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.54. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Stanley Black & Decker had a return on equity of 16.54% and a net margin of 7.52%. Stanley Black & Decker’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.58 EPS. As a group, equities research analysts predict that Stanley Black & Decker will post 8.38 earnings per share for the current fiscal year.

A number of equities research analysts have commented on SWK shares. Barclays increased their target price on Stanley Black & Decker from $164.00 to $166.00 and gave the company a “$138.69” rating in a report on Monday, July 23rd. Macquarie lowered their target price on Stanley Black & Decker from $180.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, September 6th. Morgan Stanley started coverage on Stanley Black & Decker in a report on Monday, August 20th. They set an “overweight” rating and a $164.00 price objective on the stock. Credit Suisse Group started coverage on Stanley Black & Decker in a report on Monday, September 17th. They set an “outperform” rating and a $170.00 price objective on the stock. Finally, UBS Group decreased their price objective on Stanley Black & Decker from $195.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, August 30th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $176.94.

In other news, VP Jocelyn Belisle sold 1,185 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $139.04, for a total transaction of $164,762.40. Following the sale, the vice president now owns 12,766 shares in the company, valued at $1,774,984.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is owned by company insiders.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

Further Reading: Trading Strategy Methods and Types

Dividend History for Stanley Black & Decker (NYSE:SWK)

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply