2024-04-10 04:19:00 ET
The industrial sector has been doing very well of late, with the Industrial Select Sector SPDR ETF (NYSEMKT: XLI) up around 28%. That is slightly better than the 26% gain of the S&P 500 index as a whole. Stanley Black & Decker 's (NYSE: SWK) share price has traded along with the industrial sector over the past year, but a longer-term look suggests investors will want to buy this stock while it still looks historically cheap. Here's why Stanley Black & Decker is an industrial stock to buy even as the industrial sector has performed so well.
Using dividend yield as a rough gauge of valuation helps to show why Stanley Black & Decker is attractively priced today. Its 3.4% yield is near the highest levels in recent history, going all the way back to the late 1980s. That's a sign that this industrial stock is on the sale rack.
For further details see:
1 Industrial Stock to Buy at a Discount