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

Stanley Black & Decker, Inc. (NYSE:SWK) declared a quarterly dividend on Thursday, July 25th, RTT News reports. Stockholders 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 dividend yield of 3.66%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81.

Stanley Black & Decker has increased its dividend payment by an average of 5.0% per year over the last three years and has increased its dividend every year for the last 57 years. Stanley Black & Decker has a dividend payout ratio of 59.7% meaning 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 Stock Performance

Shares of Stanley Black & Decker stock opened at $89.57 on Friday. Stanley Black & Decker has a 1 year low of $76.26 and a 1 year high of $104.21. The firm’s 50-day simple moving average is $84.72 and its 200-day simple moving average is $89.23. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.40 and a current ratio of 1.09.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter last year, the business posted ($0.41) EPS. Stanley Black & Decker’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities research analysts forecast that Stanley Black & Decker will post 3.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

SWK has been the topic of a number of research reports. Robert W. Baird dropped their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Barclays cut shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $100.00 to $86.00 in a report on Tuesday, June 4th. Finally, Wells Fargo & Company lowered their target price on Stanley Black & Decker from $92.00 to $85.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and an average target price of $94.67.

Insider Buying and Selling at Stanley Black & Decker

In other 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 of the company’s stock, valued at $2,852,248. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

About Stanley Black & Decker

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.