Stanley Black & Decker, Inc. (SWK) to Issue Quarterly Dividend of $0.82 on March 18th

Stanley Black & Decker, Inc. (NYSE:SWK) announced a quarterly dividend on Tuesday, February 18th, RTT News reports. Shareholders 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 yield of 3.79%. The ex-dividend date of this dividend is Tuesday, March 4th.

Stanley Black & Decker has raised its dividend by an average of 3.0% annually over the last three years and has raised its dividend every year for the last 58 years. Stanley Black & Decker has a payout ratio of 51.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.0 %

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. The firm has a 50-day moving average of $84.90 and a 200-day moving average of $92.54. The company has a market cap of $13.35 billion, a PE ratio of 44.57, a PEG ratio of 1.33 and a beta of 1.24. Stanley Black & Decker has a one year low of $77.70 and a one year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data 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%. As a group, equities research analysts expect that Stanley Black & Decker will post 5.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SWK shares. Citigroup reduced their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. UBS Group reduced 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 research report on Friday, February 7th. StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Jefferies Financial Group assumed coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price target for the company. Finally, Wells Fargo & Company cut their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and a consensus price target 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.