Stanley Black & Decker, Inc. (NYSE:SWK – Get Free Report) declared a quarterly dividend on Friday, April 24th. Investors of record on Monday, June 8th will be given a dividend of 0.83 per share by the industrial products company on Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Monday, June 8th.
Stanley Black & Decker has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 58 years. Stanley Black & Decker has a dividend payout ratio of 58.8% meaning its dividend is sufficiently covered by earnings. 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 Price Performance
SWK stock opened at $78.48 on Friday. The company has a fifty day simple moving average of $75.09 and a two-hundred day simple moving average of $76.86. The firm has a market capitalization of $12.20 billion, a P/E ratio of 32.16, a price-to-earnings-growth ratio of 1.12 and a beta of 1.19. The company has a quick ratio of 0.43, a current ratio of 1.14 and a debt-to-equity ratio of 0.52. Stanley Black & Decker has a 52 week low of $61.90 and a 52 week high of $93.37.
Hedge Funds Weigh In On Stanley Black & Decker
A number of large investors have recently added to or reduced their stakes in SWK. Norges Bank acquired a new position in Stanley Black & Decker during the fourth quarter worth $133,961,000. Ameriprise Financial Inc. raised its position in Stanley Black & Decker by 49.5% during the third quarter. Ameriprise Financial Inc. now owns 4,379,653 shares of the industrial products company’s stock worth $325,541,000 after acquiring an additional 1,450,170 shares during the period. Freestone Grove Partners LP acquired a new position in Stanley Black & Decker during the third quarter worth $95,602,000. Alyeska Investment Group L.P. raised its position in Stanley Black & Decker by 5,996.4% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,191,540 shares of the industrial products company’s stock worth $88,508,000 after acquiring an additional 1,171,995 shares during the period. Finally, Strive Asset Management LLC acquired a new position in Stanley Black & Decker during the third quarter worth $78,480,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.
About Stanley Black & Decker
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.
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