Stanley Black & Decker, Inc. Co (NYSE:SWT) Announces Quarterly Dividend of $1.31

Stanley Black & Decker, Inc. Co (NYSE:SWT – Get Rating) announced a quarterly dividend on Monday, April 11th, Wall Street Journal reports. Shareholders of record on Friday, May 13th will be given a dividend of 1.3125 per share on Monday, May 16th. This represents a $5.25 annualized dividend and a yield of 5.92%. The ex-dividend date is Thursday, May 12th.

Shares of SWT stock traded up $1.26 during trading hours on Monday, reaching $88.63. 7,228 shares of the company’s stock were exchanged, compared to its average volume of 77,819. The business’s 50 day simple moving average is $93.81. Stanley Black & Decker has a 1 year low of $86.05 and a 1 year high of $131.98.

Separately, TheStreet cut Stanley Black & Decker from a “b-” rating to a “c” rating in a report on Wednesday, December 22nd.

Several hedge funds have recently bought and sold shares of SWT. Nuveen Asset Management LLC purchased a new position in shares of Stanley Black & Decker in the 4th quarter worth $269,000. Wells Fargo & Company MN raised its position in Stanley Black & Decker by 3.6% in the fourth quarter. Wells Fargo & Company MN now owns 9,006 shares of the company’s stock valued at $983,000 after purchasing an additional 310 shares during the period. The Manufacturers Life Insurance Company raised its position in Stanley Black & Decker by 0.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 511,050 shares of the company’s stock valued at $55,717,000 after purchasing an additional 2,000 shares during the period. Finally, BlackRock Inc. raised its position in Stanley Black & Decker by 1.3% in the fourth quarter. BlackRock Inc. now owns 633,869 shares of the company’s stock valued at $69,212,000 after purchasing an additional 7,883 shares during the period.

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