Within real estate, the firm invests in office, hotel, industrial, retail, for sale residential, student housing, hospitality, multifamily residential, homebuilding and building products and senior living sectors. The firm seeks to make investments in growing businesses including those with overleveraged balance sheets. The firm seeks to hold its investments for four to six years.
In the health care sector, it invests in health care services, outsourcing services, companies running clinical trials for pharmaceutical companies, managed care, pharmaceuticals, pharmaceutical-related services, health care IT, medical, products and devices.
Carlyle Group stock comes with a 3.90% dividend. The $37 Goldman Sachs target price is less than the $40.43 consensus figure, but shares closed on Tuesday at $33.54.
Masco
This top building products company could really benefit from a soft landing for the economy. Masco Corp. (NYSE: MAS) designs, manufactures and distributes home improvement and building products in North America, Europe, and elsewhere.
The company’s Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools and fitness systems. It offers brass, copper and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications and PEX tubing products, as well as other non-decorative plumbing products.
The company’s Decorative Architectural Products segment offers paints, primers, specialty coatings, stains and waterproofing products, as well as paint applicators and accessories; cabinet and door hardware, functional hardware, wall plates, hook and rail products, closet organization systems and picture hanging accessories; decorative bath hardware, mirrors and shower accessories and doors; and decorative indoor and outdoor lighting fixtures, ceiling fans, landscape lighting and LED lighting systems.
The company sells its products to plumbing, heating and hardware wholesalers; home centers and online retailers; hardware stores; electrical and landscape distributors; lighting showrooms; building supply outlets; and other mass merchandisers.
Here, the dividend yield is 2.15%. Goldman Sachs has set its price target at $60, well above the $54.71 consensus target for Masco stock, as well as Tuesday’s closing share price of $50.93.
Parker-Hannifin
This top industrial company looks poised for a solid 2023. Parker-Hannifin Inc. (NYSE: PH) manufactures and sells motion and control technologies and systems for various mobile, industrial and aerospace markets worldwide.
The Diversified Industrial segment provides pneumatic, fluidic and electromechanical components and systems, as well as filters, systems and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water and other liquids and gases.
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