U.S. Capital Goods Undervalued Dividend Payers

Illinois Tool Works

Market Cap: US$72.4b

Provides industrial products and equipment in North America, Europe, the Middle East, Africa, the Asia Pacific, and South America.

PACCAR

Market Cap: US$58.6b

Designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally.

Snap-on

Market Cap: US$18.3b

Manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide.

CNH Industrial

Market Cap: US$11.7b

An equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific.

A. O. Smith

Market Cap: US$9.5b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

AGCO

Market Cap: US$7.9b

Manufactures and distributes agricultural equipment and replacement parts worldwide.

Kennametal

Market Cap: US$2.2b

Engages in development and application of tungsten carbides, ceramics, and hard materials and solutions worldwide.

Douglas Dynamics

Market Cap: US$760.1m

Operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America.