Investors must be careful because industrial goods stocks have no end-consumers as clients. They are more volatile, depending on the raw economy, and they can lose in recessions 50 percent of their profits or more. Not all industrials are highly cyclic. It mainly depends on the degree of diversification. United Technology is an example for a high quality dividend growth stock which is located close to the industrial sector. UTX is also a low beta stock but more likely classifiable as a conglomerate.
Today I would like to discover the diversified machinery industry by the highest dividend-paying stocks. Sixty-nine companies have a relationship to the industry but only 42 pay dividends. The average dividend yield of stocks from the diversified machinery industry amounts to 2.4 percent and the average P/E is 19. Here are my favorite stocks: General Electric (GE), Illinois Tool Works (ITW), Dover (DOV) and Danaher (DHR).
Source: Guru Focus
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