Stanley Black & Decker, Inc. (SWK) to Issue Quarterly Dividend of $0.83 on June 23rd

Stanley Black & Decker, Inc. (NYSE:SWK) announced a quarterly dividend on Friday, April 24th. Stockholders of record on Monday, June 8th will be paid a dividend of 0.83 per share by the industrial products company on Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Monday, June 8th.

Stanley Black & Decker has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 58 consecutive years. Stanley Black & Decker has a dividend payout ratio of 58.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Stanley Black & Decker to earn $6.12 per share next year, which means the company should continue to be able to cover its $3.32 annual dividend with an expected future payout ratio of 54.2%.

Stanley Black & Decker Stock Down 1.1%

Shares of NYSE SWK opened at $78.48 on Friday. Stanley Black & Decker has a 1 year low of $61.90 and a 1 year high of $93.37. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.12 and a beta of 1.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.43 and a current ratio of 1.14. The stock’s 50-day simple moving average is $75.09 and its 200-day simple moving average is $76.86.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.19. Stanley Black & Decker had a return on equity of 7.95% and a net margin of 2.44%.The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, equities analysts anticipate that Stanley Black & Decker will post 5.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on SWK. Wall Street Zen downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Morgan Stanley decreased their price target on Stanley Black & Decker from $87.00 to $84.00 and set an “equal weight” rating for the company in a research note on Thursday, May 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Monday, April 20th. Wells Fargo & Company lifted their price target on Stanley Black & Decker from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. lifted their price target on Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $87.33.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.