Stanley Black & Decker, Inc. (NYSE:SWK) announced a quarterly dividend on Tuesday, February 27th, RTT News reports. Shareholders of record on Friday, March 9th will be paid a dividend of 0.63 per share by the industrial products company on Tuesday, March 20th. This represents a $2.52 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, March 8th.
Stanley Black & Decker has raised its dividend by an average of 5.9% per year over the last three years and has increased its dividend annually for the last 50 consecutive years. Stanley Black & Decker has a dividend payout ratio of 34.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Stanley Black & Decker to earn $9.46 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 26.6%.
Shares of Stanley Black & Decker (SWK) opened at $153.49 on Wednesday. Stanley Black & Decker has a twelve month low of $127.45 and a twelve month high of $176.62. The stock has a market capitalization of $23,458.85, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 1.78 and a beta of 0.98. The company has a current ratio of 1.05, a quick ratio of 0.58 and a debt-to-equity ratio of 0.38.
Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.04. Stanley Black & Decker had a return on equity of 15.89% and a net margin of 9.62%. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter last year, the firm posted $1.71 EPS. The company’s quarterly revenue was up 16.9% on a year-over-year basis. equities research analysts expect that Stanley Black & Decker will post 8.43 earnings per share for the current fiscal year.
In related news, SVP Joseph R. Voelker sold 3,284 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $151.44, for a total value of $497,328.96. Following the transaction, the senior vice president now owns 20,367 shares in the company, valued at $3,084,378.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.15% of the stock is currently owned by company insiders.
Several research analysts have weighed in on the company. Barclays assumed coverage on Stanley Black & Decker in a research report on Thursday, February 15th. They set an “overweight” rating and a $184.00 price objective on the stock. JPMorgan Chase & Co. reiterated a “buy” rating and set a $190.00 price objective on shares of Stanley Black & Decker in a research report on Thursday, January 25th. Seaport Global Securities reiterated a “buy” rating and set a $193.00 price objective on shares of Stanley Black & Decker in a research report on Tuesday, January 23rd. KeyCorp reiterated a “buy” rating and set a $185.00 price objective on shares of Stanley Black & Decker in a research report on Friday, November 17th. Finally, UBS Group assumed coverage on Stanley Black & Decker in a research report on Tuesday, January 23rd. They set a “buy” rating and a $200.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $181.00.
Stanley Black & Decker Company Profile
Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.