#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 provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.
Read More - Current Price
- $89.25
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $102.29 (14.6% Upside)
