Dividend Aristocrats Ranked By Yield: Top 5 Stocks

In this article, we will discuss the Dividend Aristocrats Ranked By Yield: Top 5 Stocks. For deeper discussion and analysis, read Dividend Aristocrats Ranked By Yield: Top 10 Stocks.

Photo by Karolina Grabowska: https://www.pexels.com/photo/hands-holding-us-dollar-bills-4968630/

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

Dividend Yield as of May 29: 4.19%

On May 28, Morgan Stanley cut the firm’s price recommendation on Stanley Black & Decker, Inc. (NYSE:SWK) to $84 from $87.  It reiterated an Equal Weight rating on the stock. In a research note, analyst Christopher Snyder said the company continues to execute well as its restructuring efforts move forward. That progress has supported higher gross margin and EPS estimates. At the same time, ongoing competitive pressures and a still-soft Tools & Outdoor market continue to weigh on the outlook, with few near-term catalysts expected to drive demand.

On April 30, Baird raised its price goal on SWK to $84 from $82. It maintained a Neutral rating on the shares. The firm updated its model following the company’s first-quarter results, noting progress across several key initiatives.

Stanley Black & Decker, Inc. (NYSE:SWK) is a global provider of hand tools, power tools, outdoor products, and related accessories. The company also supplies engineered fastening solutions. Its operations are organized into two segments: Tools & Outdoor and Engineered Fastening.