Wall Street Analysts Identify Top Dividend Aristocrat Stocks
Three Dividend Aristocrat stocks have caught the attention of top Wall Street analysts. According to TipRanks' Dividend Aristocrats tool, Ecolab (ECL), Nucor Corp. (NUE), and Walmart (WMT) are strong buys with a consistent history of raising their dividends.
Ecolab is an American water treatment and hygiene company that offers water treatment solutions to industries and provides cleaning and sanitation services to restaurants and hotels. With a dividend payout ratio of 39.17%, ECL stock currently holds a Strong Buy consensus rating from the top nine Wall Street analysts who cover it, with an average price target of $319.88 indicating about 16% upside.
Nucor is America's largest steel producer, producing steel, sheets, reinforcing bars, and joists. With a dividend yield of 0.95%, its shares carry a Strong Buy consensus rating from the top eight Wall Street analysts who cover it, with an average price target of $285.50 indicating about 22% upside.
Walmart is an American retail giant that operates retail chains, warehouse clubs, supermarkets, and hypermarkets. With a dividend yield of 0.92%, its shares currently boast a Strong Buy consensus rating from the top 23 Wall Street analysts who cover it, with an average price target of $126.95 indicating about 22% upside.