The company markets its products primarily through insurance and reinsurance brokers.
Investors currently receive a dividend of 1.55%. The company is expected to raise the dividend to $0.82 per share from $0.80. Barclays has a $250 price target on Chubb stock. The consensus target is near $234, and the shares traded at $208.00 early Monday.
Leggett & Platt
While somewhat off the radar, this stock has almost been cut in half over the past year and offers massive upside potential. Leggett & Platt Inc. (NYSE: LEG) designs, manufactures and markets engineered components and products worldwide.
The company offers steel rods, drawn wires, foam chemicals and additives, innersprings, specialty foams, private label finished mattresses, mattress foundations, wire forms for mattress foundations, adjustable beds, industrial sewing and quilting machines, and mattress packaging and glue drying equipment, as well as machines to produce innersprings for industrial users of steel rods and wires, manufacturers of finished bedding, big box and e-commerce retailers, bedding brands and mattress retailers, department stores and home improvement centers.
Leggett & Platt also provides mechanical and pneumatic lumbar support and massage systems for automotive seating; seat suspension systems, motors and actuators and cables; titanium, nickel and stainless-steel tubing, formed tubes, tube assemblies and flexible joint components for fluid conveyance systems; and engineered hydraulic cylinders to automobile original equipment manufacturers (OEMs) and Tier 1 suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs.
Leggett & Platt stock investors receive a 4.48% dividend. The dividend is expected to double to $0.44 a share from $0.22. The Goldman Sachs target price of $52 is higher than the $46.50 consensus target. The shares traded at $37.10 Monday morning.
Lennox International
The industrial machinery and HVAC heavyweight is a solid idea for worried investors now. Lennox International Inc. (NYSE: LII) designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration markets in the United States, Canada and internationally.
The Residential Heating & Cooling segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment and accessories, comfort control products and replacement parts and supplies for residential replacement and new construction markets.
The Commercial Heating & Cooling segment offers unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment and variable refrigerant flow commercial products for light commercial markets.
The Refrigeration segment offers condensing units, unit coolers, fluid coolers, air-cooled condensers, air handlers and refrigeration rack systems for preserving food and other perishables in supermarkets, convenience stores, restaurants, warehouses and distribution centers, as well as for data centers, machine tooling and other cooling applications, and compressor racks and industrial process chillers.
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