#4 - Stanley Black & Decker (NYSE:SWK)
Stanley Black & Decker (SWK)
Years of Consecutive Dividend Growth: 52 Years (Dividend King)
For one of the most venerable of dividend stocks, Stanley Black & Decker (NYSE:SWK) has been behaving like a growing start-up. In the last five years the company purchased Newell Tools, a division of Newell Brands (NWL) giving them the Lenox and Irwin brands. Stanley Black & Decker followed that up by negotiating the purchase of the Craftsman tool brand from Sears Holdings (SHLDQ).
And as if that wasn’t enough, the company announced its acquisition of IES Attachments and Nelson Fastener Systems. But Stanley isn’t finished yet. In January, the company announced its intention to buy Consolidated Aerospace Manufacturing, a supplier of Boeing.
So far, all these acquisitions have not helped the bottom line. However, the fact that Stanley is consolidating industries in a downturn will lead to cost cuts. And that creates an opportunity for the company to turn future revenue into bigger profits.
Unfortunately, the coronavirus did not allow investors to see what the company could do with a better trade environment. But the company has paid a dividend for 143 consecutive years and has increased its dividend for 52 years. If you’re willing to wait the stock out, you should be set up for a nice reward.
About Stanley Black & Decker
Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Storage segment, and Industrial segment.
More- Current Price
- $88.06
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $101.25 (15.0% Upside)
