Stanley Black & Decker, Inc. (NYSE:SWK) to Issue Quarterly Dividend of $0.79

Stanley Black & Decker, Inc. (NYSE:SWK) declared a quarterly dividend on Wednesday, July 21st, RTT News reports. Shareholders of record on Tuesday, September 7th will be given a dividend of 0.79 per share by the industrial products company on Tuesday, September 21st. This represents a $3.16 dividend on an annualized basis and a yield of 1.55%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.70.

Stanley Black & Decker has increased its dividend payment by 14.9% over the last three years and has increased its dividend annually for the last 54 consecutive years.

SWK stock opened at $204.26 on Thursday. The firm has a 50-day moving average price of $207.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.74 and a current ratio of 1.42. Stanley Black & Decker has a fifty-two week low of $148.88 and a fifty-two week high of $225.00. The company has a market capitalization of $32.99 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, April 27th. The industrial products company reported $3.13 EPS for the quarter, topping the consensus estimate of $2.56 by $0.57. Stanley Black & Decker had a return on equity of 19.02% and a net margin of 10.18%. The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the company earned $1.20 earnings per share. The business’s revenue for the quarter was up 34.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Stanley Black & Decker will post 11.15 EPS for the current year.

In other Stanley Black & Decker news, EVP Jaime A. Ramirez sold 8,315 shares of the firm’s stock in a transaction that occurred on Tuesday, May 4th. The stock was sold at an average price of $209.99, for a total transaction of $1,746,066.85. Following the completion of the transaction, the executive vice president now owns 31,059 shares in the company, valued at approximately $6,522,079.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Janet Link sold 7,446 shares of the firm’s stock in a transaction that occurred on Monday, May 3rd. The shares were sold at an average price of $209.03, for a total value of $1,556,437.38. Following the transaction, the senior vice president now owns 29,461 shares of the company’s stock, valued at approximately $6,158,232.83. The disclosure for this sale can be found here. Company insiders own 0.93% of the company’s stock.

Several research firms have recently commented on SWK. Deutsche Bank Aktiengesellschaft decreased their price objective on Stanley Black & Decker from $241.00 to $238.00 and set a “buy” rating on the stock in a research note on Wednesday, July 14th. JPMorgan Chase & Co. raised their price objective on Stanley Black & Decker from $200.00 to $206.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 7th. Barclays lifted their target price on Stanley Black & Decker from $214.00 to $219.00 and gave the company an “overweight” rating in a research note on Tuesday, April 6th. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $220.00 target price on the stock in a research note on Tuesday, June 8th. Finally, Morgan Stanley lifted their target price on Stanley Black & Decker from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, April 29th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $216.60.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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Dividend History for Stanley Black & Decker (NYSE:SWK)

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