Procter & Gamble sells its products through mass merchandisers, e-commerce, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, baby stores, specialty beauty stores, high-frequency stores and pharmacies. The company has been very innovative in its product development process and uses that to help ensure future growth and cash flow. This should provide investors years of steady growth and dividends.
The consumer staples giant actually reported its first quarter for fiscal 2023, and both the top and bottom lines came in better than expected. EPS of $1.57 beat the $1.55 Wall Street estimate.
The dividend yield here is 2.70%. The $156 Deutsche Bank price objective compares with a $146.29 consensus target for Procter & Gamble stock. Monday’s close was at $134.67.
Stanley Black & Decker
In times when the economy is struggling, the do-it-yourself legions repair instead of replace, and this tool giant is a very solid play. Stanley Black & Decker Inc. (NYSE: SWK) engages in the tools and storage and industrial businesses in the Americas, Europe and Asia.
Its Tools & Storage segment offers professional products, including professional-grade corded and cordless electric power tools and equipment and pneumatic tools and fasteners. Its consumer products include corded and cordless electric power tools, primarily under the Black + Decker brand, as well as corded and cordless lawn and garden products and related accessories home products and hand tools, power tool accessories and storage products. This segment sells its products through retailers, distributors, dealers and a direct sales force to professional end-users, distributors, dealers, retail consumers and industrial customers in various industries.
The Industrial segment provides engineered fastening systems and products to customers in the automotive, manufacturing, electronics, construction, aerospace, oil and natural gas pipeline and other industries. It sells and rents custom pipe handling, joint welding and coating equipment for use in the construction of large and small diameter pipelines, as well as provides pipeline inspection services. It also sells hydraulic tools and performance-driven heavy equipment attachment tools and sells automatic doors to commercial customers.
Stanley Black & Decker’s $0.76 per share earnings beat Wall Street estimated projections by 2.7%.
Shareholders receive a 4.08% dividend. Stanley Black & Decker stock has a $96 target price at Barclays. The consensus target is $94.85, and shares closed on Monday at $78.49.
These five top companies pay dependable passive income dividends, beat Wall Street earnings estimates and offer a degree of safety as they are all dominant in their respective sectors. For investors looking to buy shares, any dip should be grabbed as earnings reports are out of the way until next year.
Originally published at 24/7 Wall St.
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