5 Best Stocks to Buy With 50+ Years of Dividend Increases

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

Number of Hedge Fund Holders: 33
Number of Years of Consistent Dividend Growth: 53
Dividend Yield: 1.3%

Stanley Black & Decker, Inc. (NYSE: SWK) operates in the tools and storage, industrial, and security businesses across the world and ranks 4th on our list of the best stocks to buy with 50+ years of dividend increases.

This June, Gabelli analyst Justin Bergner upgraded Stanley Black & Decker, Inc. (NYSE: SWK) from a Hold to Buy, in light of his own confidence in e-commerce driven growth that the company might go through, among other factors.

In the first quarter of 2021, Stanley Black & Decker, Inc. (NYSE: SWK) had an EPS of $3.13, beating estimates by $0.56. The company’s revenue was $4.20 billion, up 34.20% year over year and beating estimates by $226.54 million. Stanley Black & Decker, Inc. (NYSE: SWK) has also gained 19.57% in the past 6 months and 22.27% year to date.

By the end of the first quarter of 2021, 33 hedge funds out of the 866 tracked by Insider Monkey held stakes in Stanley Black & Decker, Inc. (NYSE: SWK) worth roughly $993 million. This is compared to 38 hedge funds in the previous quarter with a total stake value of about $846 million.