2024-02-21 08:27:14 ET
Summary
- Stanley Black & Decker’s high dividend yield faces challenges from an unsustainable payout ratio.
- Stanley Black & Decker faces EPS decline and debt growth; aims for profitability improvement in 2024.
- Stanley Black & Decker’s innovation and cost efficiency drive aim to growth amid profitability challenges.
- Our DDM suggests Stanley Black & Decker is slightly above its value, but strong dividend history justifies a hold.
Investment Thesis
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Stanley Black & Decker: Dividend King Remains A Hold Despite Persistent Innovation