Industrial stocks sell products to other companies on a large scale. Demand for those products is usually highly dependent on economic activity, making industrial stocks likeable. emerson electric (EMR 2.13%), nordson (NDSN 1.78%)And stanley black and decker (SWK +0.47%) Highly cyclical business. And yet these three are dividend kings, each with 50+ years of annual dividend growth behind them.
Wall Street is currently dealing with conflicting economic signals. Consumers are tightening their budgets. Oil prices are high due to geopolitical conflict in the Middle East. There are legitimate concerns that a recession is possible. On the other hand, US economic growth has still not turned negative. If you’re considering buying an industrial stock, but are concerned that a recession is coming, you may want to take a deeper look at these three dividend king Industrialist.
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emerson electric is on automatic
Emerson Electric has shifted its business with time and now focuses its attention solely on industrial automation. It sells everything from software to switches that a company needs to automate its factory. Automation is a big initial expense, but it helps companies save money in the long run. And, in particular, the software side of the business creates an annuity-like income stream.
The company expects software to be a key growth driver, with sales increasing by 40% between 2025 and 2028. With this, the share of this division in sales will increase from 14% to 17%. The remaining business is expected to grow by about 13% in the same period. Interestingly, recessions may actually lead companies to turn to automation, which could help Emerson’s business survive the full brunt of a business downturn.
today’s change
(-2.13%) $-2.99
current price
$137.45
key data points
market cap
$77B
day limit
$137.23 -$141.03
52wk range
$106.53 -$165.15
volume
2.8M
average volume
3.3M
gross margin
48.04%
dividend yield
1.58%
That said, Emerson is not a cheap stock. The company’s price-to-sales, price-to-earnings, and price-to-book value ratios are all above their five-year averages. Its 1.5% yield is higher than 1.1% S&P 500 Index (^GSPC +0.29%)But it’s really not very big. Nevertheless, the company has been around since the late 1800s and is a proven survivor. If you think an economic storm is coming, this industrial area might be a good place to hide.
Nordson is a liquid business
Nordson makes fluid control systems. It produces equipment that dispenses things like coatings and sealants. This industrial company There is physical risk in industries such as health care and electronics. The stock experienced a deep decline in 2025, but has since recovered. It was a better buy during the downturn, but the dividend yield is still near the high end of its 10-year range at about 1.1%.
today’s change
(-1.78%) $-5.13
current price
$283.32
key data points
market cap
$16B
day limit
$282.22 -$288.45
52wk range
$187.89 -$305.28
volume
10K
average volume
381K
gross margin
55.17%
dividend yield
1.14%
That said, this is indeed a dividend growth story, with annual dividend growth of around 13% over the last decade. Meanwhile, the valuation story is a bit mixed. The P/S ratio is slightly above its five-year average. The P/E ratio is roughly in line with its five-year average. And the P/B ratio is slightly below its five-year average. growth and income, and dividend growth investor Might want to take a look.
Stanley Black & Decker is changing things
Stanley Black & Decker makes appliances. Although much of its equipment is sold to the construction industry, it also has a materials consumer business. It may be more cyclical than other industrial companies. And it’s working through a turnaround right now, as it looks to streamline its business, cut costs and reduce leverage after a period of growth through acquisitions. Perhaps only more aggressive investors should consider the stock.
today’s change
(0.47%) $0.37
current price
$78.53
key data points
market cap
$12B
day limit
$77.90 -$79.70
52wk range
$58.23 -$93.37
volume
2.2m
average volume
2.1m
gross margin
29.76%
dividend yield
4.21%
However, there are signs of improvement. Specifically, margins have expanded, and leverage has declined, which is exactly the goal of the turnaround. Still, Wall Street is worried, and the stock remains unaffected, down 60% from its 2021 high. Both the stock’s P/S and P/B ratios are below their five-year averages. There is no five-year average for the P/E due to losses over that period. The dividend yield is the real highlight, as it stands at a historically high 4.1%. And the dividend has continued to increase every year despite adversity, so it’s clear the board of directors places great importance on remaining the Dividend King.
You have industrial dividend options
Emerson is perhaps best seen as a slow, boring turtle. Nordson is a growth story. And Stanley Black & Decker is a high-yield turnaround option. This trio covers a lot of investment territory for dividend investors looking at industrials right now.