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

Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) declared a quarterly dividend on Tuesday, February 18th, RTT News reports. Stockholders of record on Tuesday, March 4th will be paid 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 3.73%. The ex-dividend date of this dividend is Tuesday, March 4th.

Stanley Black & Decker has raised its dividend payment by an average of 3.0% per year over the last three years and has increased its dividend every year for the last 58 years. Stanley Black & Decker has a payout ratio of 50.9% indicating that its dividend is sufficiently covered by earnings. Equities research 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

Shares of Stanley Black & Decker stock traded down $1.98 during trading on Friday, reaching $87.95. The company's stock had a trading volume of 1,365,007 shares, compared to its average volume of 1,818,077. The business has a 50 day moving average price of $84.23 and a 200-day moving average price of $92.89. The company has a market capitalization of $13.58 billion, a P/E ratio of 45.34, a price-to-earnings-growth ratio of 1.32 and a beta of 1.24. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. Stanley Black & Decker has a 12-month low of $77.70 and a 12-month high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. As a group, sell-side analysts anticipate that Stanley Black & Decker will post 5.12 EPS for the current year.

Wall Street Analyst Weigh In

SWK has been the topic of several research analyst reports. StockNews.com lowered Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Wells Fargo & Company dropped their price target on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Morgan Stanley cut their price target on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 30th. Citigroup lowered 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 research note on Thursday, February 6th. Finally, Robert W. Baird cut their target price on shares of Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average 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.