5 Best Safe Dividend Stocks To Buy According to Billionaire Dan Loeb

4. Stanley Black & Decker, Inc. (NYSE: SWK)

Loeb’s Stake Value: $146,034,000
Percent of Dan Loeb’s 13F Portfolio: 1.12%
Number of Hedge Fund Holders: 
38
Dividend Yield: 1.35

Stanley Black & Decker, Inc. (NYSE: SWK) recently posted a strong revenue for Q1. This is largely attributed to tools and storage, with all segments contributing to 31% organic growth. 2021 GAAP EPS guidance was raised to $10.15 – $10.55 from $9.15 – $9.85; EPS guidance was raised to $10.70 – $11.00 from $9.70 – $10.30. Board of Directors authorized share repurchase to a tune of 20 million shares. In February the company declared a dividend of $0.70 per share. 

Bank of America upgraded the stock to “Buy” rating from “Neutral” and also upped the price target to $205 from $185.