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

Stanley Black & Decker, Inc. (NYSE:SWK) declared 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 dividend on an annualized basis and a dividend yield of 3.77%.

Stanley Black & Decker has raised its dividend by an average of 3.0% annually over the last three years and has increased its dividend annually for the last 58 consecutive years. Stanley Black & Decker has a dividend payout ratio of 50.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Stanley Black & Decker to earn $6.21 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 52.8%.

Stanley Black & Decker Price Performance

SWK opened at $87.02 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The company has a market cap of $13.42 billion, a price-to-earnings ratio of 44.86, a price-to-earnings-growth ratio of 1.30 and a beta of 1.24. The stock has a fifty day simple moving average of $84.00 and a two-hundred day simple moving average of $92.94. Stanley Black & Decker has a 12-month low of $77.70 and a 12-month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Research analysts predict that Stanley Black & Decker will post 5.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

SWK has been the topic of several recent analyst reports. StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. UBS Group decreased their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Barclays dropped their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a report on Wednesday. They set a “buy” rating and a $103.00 price target for the company. Finally, Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus target price of $103.00.

Stanley Black & Decker Company Profile

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.