Introduction
Stanley Black & Decker (NYSE:SWK) is a leading manufacturer of hand tools, home security systems, industrial solutions and general hardware. In the following analyze out loud video I will illustrate that this Dividend Aristocrat has generated an above-average record of operating growth. As a result, the company has also produced dividend growth averaging 5.8% per annum since 1999.
Moreover, Stanley Black & Decker was an overvalued Dividend Aristocrat in 2015, 2016 and 2017. However, since the beginning of 2018, the company’s stock price has fallen roughly 20%. Although this has created a better value than we’ve seen in several years, I do think the stock remains moderately overvalued. On the other hand, if the company meets future expectations and the market values the stock at historical norms, then Stanley Black & Decker would represent an attractive dividend growth stock at current levels.
