The home improvement industry’s prospects look steady, thanks to increasing urbanization and robust consumer spending. Therefore, I think quality home improvement stocks Sherwin-Williams Co. (SHW – Get Rating), Masco Corp. (MAS – Get Rating) and Snap-on Incorporated (SNA – Get Rating) might be solid investments now.
The DIY home improvement market in the US is expanding as a result of main vendors’ e-commerce, free pickup, and delivery services. Consumers enjoy a nice shopping experience as well as the convenience of home delivery, which leads to an increase in online purchases. The global DIY home improvement market is expected to reach $128.76 billion by 2029, growing at a CAGR of 3.9%.
The global home improvement market is predicted to increase at a CAGR of 6.7% to reach $575.5 billion by the end of 2030. Increased urbanization, rising disposable incomes, and a greater focus on home restoration and renovation are some of the causes contributing to this growth.
Considering these conducive trends, let’s take a look at the fundamentals of the three best Home Improvement & Goods stocks, starting with number 3.
Stock #3: Sherwin-Williams Co. (SHW – Get Rating)
SHW engages in the manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group; Consumer Brands Group; and Performance Coatings Group.
SHW’s trailing-12-month levered FCF margin of 10.09% is 142.1% higher than the…
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