Industrial stocks keep rewarding investors

Article Excerpt

These three industrial stocks have rebounded strongly from their pandemic lows as the economy re-opens. While supply-chain disruptions and rising costs for labour and shipping add risk, all three continue to reward investors with higher dividends and share buybacks. Even so, not all of them are suitable for your new buying. GENUINE PARTS CO. $119 is still a buy. The company (New York symbol GPC; Income Portfolio, Manufacturing & Industry sector; Shares outstanding: 142.0 million; Market cap: $16.9 billion; Price-to-sales ratio: 1.0; Dividend yield: 3.0%; TSINetwork Rating: Average; www.genpt.com) is a leading seller of replacement auto parts. It has 1,100 company-owned stores (under the famous NAPA banner) and independent outlets in North America, Europe, Australia and New Zealand. This business accounts for 66% of total sales. The remaining 34% comes from distributing industrial parts such as bearings, seals, pumps and hoses. In January 2022, Genuine paid $1.3 billion for Kaman Distribution Group, which distributes a range of automation and industrial components to over 50,000 customers…