Better Buy: 3M or Stanley Black & Decker?

Lee Samaha, The Motley Fool
·4 min read
Better Buy: 3M or Stanley Black & Decker?

Both Stanley Black & Decker (NYSE: SWK) and 3M (NYSE: MMM) are Dividend Kings that have experienced a torrid 2022, with the former down 57% and the latter down 36%. Stanley Black & Decker's management started the year expecting a gradual easing of supply chain pressures and raw-material costs. Unfortunately, the supply chain pressures have proved unrelenting.For example,management started the year expecting $800 million in cost inflation, only to upgrade that figure to $1.4 billion in late April.

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