Stanley Black & Decker, Inc. (NYSE:SWK) declared a quarterly dividend on Wednesday, July 17th, RTT News reports. Investors of record on Tuesday, September 3rd will be given a dividend of 0.69 per share by the industrial products company on Tuesday, September 17th. This represents a $2.76 dividend on an annualized basis and a yield of 1.93%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.66.

Stanley Black & Decker has increased its dividend by an average of 6.4% per year over the last three years and has raised its dividend every year for the last 51 years. Stanley Black & Decker has a dividend payout ratio of 31.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Stanley Black & Decker to earn $9.54 per share next year, which means the company should continue to be able to cover its $2.64 annual dividend with an expected future payout ratio of 27.7%.

Shares of SWK stock traded down $4.24 during midday trading on Wednesday, hitting $142.84. The company had a trading volume of 1,042,017 shares, compared to its average volume of 1,251,771. The stock has a 50 day simple moving average of $141.01. Stanley Black & Decker has a 52-week low of $106.41 and a 52-week high of $155.22. The firm has a market capitalization of $22.22 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.92 and a beta of 1.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.43 and a current ratio of 0.91.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, April 24th. The industrial products company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.32. Stanley Black & Decker had a return on equity of 17.01% and a net margin of 4.57%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.30 billion. During the same period last year, the business posted $1.39 EPS. The company’s revenue was up 3.9% on a year-over-year basis. Analysts forecast that Stanley Black & Decker will post 8.62 EPS for the current fiscal year.

Several research analysts have weighed in on SWK shares. Longbow Research upgraded Stanley Black & Decker from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Friday, March 22nd. Wells Fargo & Co started coverage on Tradeweb Markets in a research note on Monday, April 29th. They issued a “market perform” rating and a $40.00 target price on the stock. Robert W. Baird started coverage on Rocket Pharmaceuticals in a research note on Monday, April 22nd. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $7.00 target price on shares of Deutsche Bank in a research note on Thursday, April 25th. Finally, Barclays lifted their target price on T. Rowe Price Group from $90.00 to $95.00 and gave the company an “underweight” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company. Stanley Black & Decker presently has an average rating of “Buy” and an average target price of $157.18.

In related news, CEO James M. Loree sold 56,699 shares of Stanley Black & Decker stock in a transaction on Friday, April 26th. The stock was sold at an average price of $145.14, for a total transaction of $8,229,292.86. Following the completion of the transaction, the chief executive officer now directly owns 88,854 shares of the company’s stock, valued at $12,896,269.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Robert H. Raff, Jr. sold 6,179 shares of Stanley Black & Decker stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $151.66, for a total value of $937,107.14. Following the transaction, the insider now directly owns 14,116 shares of the company’s stock, valued at $2,140,832.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 107,267 shares of company stock worth $15,737,849. Company insiders own 1.03% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in 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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