5 Best Dividend Stocks For Steady Growth

2. Stanley Black & Decker, Inc. (NYSE:SWK)

Number of Hedge Fund Holders: 44

Consecutive Years of Dividend Growth: 54    

Forward Dividend Yield: 1.74% 

Stanley Black & Decker, Inc. (NYSE:SWK) is one of the most popular industrial stocks in the United States and has fundamentals that match the name it has built for itself over the years. The company beat market expectations on earnings per share and revenue in the second quarter by $0.19 and $70 million respectively. It also declared a quarterly dividend of $0.79 per share in July, an increase of close to 13% from the previous dividend of $0.70 per share. 

Wells Fargo analyst Joseph O’Dea initiated coverage of Stanley Black & Decker, Inc. (NYSE:SWK) stock with an Overweight rating and a price target of $227 earlier this month, noting the stock had “compelling value”. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Pzena Investment Management is a leading shareholder in Stanley Black & Decker, Inc. (NYSE:SWK) with 1 million shares worth more than $211 million.