Stanley Black & Decker, Inc. (NYSE:SWK) Plans Dividend Increase – $0.82 Per Share

Stanley Black & Decker, Inc. (NYSE:SWK) declared a quarterly dividend on Thursday, July 25th, RTT News reports. Shareholders of record on Tuesday, September 3rd will be given a dividend of 0.82 per share by the industrial products company on Tuesday, September 17th. This represents a $3.28 annualized dividend and a yield of 3.66%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81.

Stanley Black & Decker has increased its dividend by an average of 5.0% per year over the last three years and has increased its dividend annually for the last 57 consecutive years. Stanley Black & Decker has a payout ratio of 59.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Stanley Black & Decker to earn $5.46 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 59.3%.

Stanley Black & Decker Price Performance

SWK opened at $89.57 on Friday. Stanley Black & Decker has a twelve month low of $76.26 and a twelve month high of $104.21. The company has a fifty day moving average of $84.72 and a 200-day moving average of $89.23. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same period last year, the company posted ($0.41) EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. Analysts predict that Stanley Black & Decker will post 3.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Stanley Black & Decker from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Robert W. Baird decreased their target price on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Finally, Barclays downgraded Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $100.00 to $86.00 in a report on Tuesday, June 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $94.67.

Insider Activity at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $86.80, for a total transaction of $298,765.60. Following the transaction, the senior vice president now directly owns 32,860 shares in the company, valued at approximately $2,852,248. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by insiders.

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.