Stanley Black & Decker, Inc. (SWK) to Distribute Quarterly Dividend of $0.81 on June 18th

Stanley Black & Decker, Inc. (NYSE:SWK) declared a quarterly dividend on Friday, April 26th, RTT News reports. Investors of record on Tuesday, June 4th will be given 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 raised its dividend by an average of 5.0% annually over the last three years and has increased its dividend annually for the last 57 consecutive years. Stanley Black & Decker has a dividend payout ratio of 56.9% meaning 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 Performance

SWK stock opened at $89.71 on Friday. The firm has a 50 day moving average of $91.54 and a two-hundred day moving average of $91.10. Stanley Black & Decker has a 12 month low of $73.87 and a 12 month high of $104.21. The company has a market capitalization of $13.80 billion, a price-to-earnings ratio of -43.13, a P/E/G ratio of 2.42 and a beta of 1.34. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (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 during the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the prior year, the company posted ($0.10) EPS. The firm’s revenue was down 6.3% on a year-over-year basis. As a group, equities analysts anticipate that Stanley Black & Decker will post 4.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SWK shares. Barclays lifted their price target on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Robert W. Baird dropped their price objective on 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, JPMorgan Chase & Co. lowered their target price on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $98.11.

Stanley Black & Decker Company Profile

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.