Dividend Aristocrats Ranked: Top 5 According to Analysts

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

Number of Hedge Fund Holders: 25

Target Price as of April 10: $95.33

Upside Potential as of April 10: 23.05%

New Britain, Connecticut-based Stanley Black & Decker, Inc. (NYSE:SWK) is a leading provider of hand tools, power tools, outdoor products, and related accessories, as well as engineered fastening solutions and attachment tools for infrastructure applications.

On February 2, Stanley Black & Decker, Inc. (NYSE:SWK) released its financial results for Q4 2022. Following the earnings release, analysts at Credit Suisse, Deutsche Bank, and Barclays raised their price targets for Stanley Black & Decker, Inc. (NYSE:SWK) to $95, $99, and $110, respectively. Inventory reduction, cost savings and improved margins were cited to be the major reasons for the upgrade.