Stanley Black & Decker, Inc. (NYSE:SWK) Shareholders to Get $0.84 Quarterly Dividend

Stanley Black & Decker, Inc. (NYSE:SWK) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.84 per share by the industrial products company on Tuesday, December 22nd. This represents a $3.36 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, December 1st.

Stanley Black & Decker has a dividend payout ratio of 59.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Stanley Black & Decker to earn $6.19 per share next year, which means the company should continue to be able to cover its $3.36 annual dividend with an expected future payout ratio of 54.3%.

Stanley Black & Decker Trading Up 3.3%

SWK stock opened at $103.64 on Friday. Stanley Black & Decker has a fifty-two week low of $61.90 and a fifty-two week high of $104.68. The stock has a market capitalization of $15.65 billion, a price-to-earnings ratio of 19.26, a P/E/G ratio of 1.49 and a beta of 1.17. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 0.55. The business has a fifty day moving average price of $93.35 and a 200 day moving average price of $85.50.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.36. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. Stanley Black & Decker’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 earnings per share. Analysts expect that Stanley Black & Decker will post 5.59 EPS for the current fiscal year.

Institutional Trading of Stanley Black & Decker

Several hedge funds have recently bought and sold shares of SWK. BlackRock Inc. acquired a new position in shares of Stanley Black & Decker in the second quarter valued at approximately $1,006,417,000. State Street Corp raised its holdings in shares of Stanley Black & Decker by 5.0% during the second quarter. State Street Corp now owns 8,751,801 shares of the industrial products company’s stock worth $823,720,000 after acquiring an additional 416,614 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Stanley Black & Decker by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,976,851 shares of the industrial products company’s stock worth $353,618,000 after acquiring an additional 92,573 shares during the period. Nykredit A S acquired a new stake in shares of Stanley Black & Decker during the second quarter worth $166,378,000. Finally, Confluence Investment Management LLC bought a new stake in Stanley Black & Decker in the 2nd quarter valued at $126,909,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

About Stanley Black & Decker

Stanley Black & Decker, Inc is a global manufacturer of tools, outdoor products and related equipment. The company serves professional contractors, industrial customers, do-it-yourself consumers and outdoor enthusiasts through a portfolio that includes power tools, hand tools, storage solutions, accessories, lawn and garden equipment, and other outdoor products.

Its brands include DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER, Cub Cadet, Hustler and Troy-Bilt. Products are sold through retailers, distributors, e-commerce channels and other commercial outlets, supporting construction, maintenance, manufacturing, automotive repair and residential applications.

The company was formed in 2010 through the merger of The Stanley Works and The Black & Decker Corporation.