is a diversified industrials company that describes itself as a science-based
company. Producing thousands of
imaginative products, they are leaders in many markets, ranging from health
care to office products to abrasives and adhesives. They have a proven track record of applying
various technologies, often in combination, to a vast array of real-world
customer needs. They launched a new
vision in 2012 whereby they seek to apply their technology to advancing every
company, their products to enhance every home and their innovation to improve
every life. Bold vision - but the
company has and will continue to deliver.
Key Financial Metrics
both a defensive stock (i.e., stock that performs well, relative to the market,
in challenging economic times) as well as a large growth company (that should
perform well in good economic times). Both revenues and earnings have steadily risen
over the last 5 years, even if both were impacted in 2009.
are getting more financially efficient.
Over the past 10 years their earnings per share has grown 11% per year
while revenues has only grown 6%. And
their return on invested capital over the same period has been 22%. These are excellent results.
have been steadily increasing over the past 5 years, although not as quickly as
I'd like to see. However, when one
factors in share repurchases, the total return of capital to shareholders is an
has been and continues to be at the center of their corporate plan.
new vision sets a real stretch goal for the company and their employees - they
seek to reach every company, every home and every life all around the world.
is an excellent long term DRIP candidate in a stellar world-class company.
Other Pertinent Facts
of DRIP program: Excellent (company pays all fees except for
an investor? yes, DRIP investor since
ranking out of ranking system of Poor, Fair, Good, Excellent