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Stock Strategist

Anixter Could Offer Electrifying Returns

We think this underfollowed small-cap electrical distributor is poised to outperform.

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Following its recent transformation, we believe  Anixter International (AXE) will reward shareholders with consistent earnings growth and special dividends in the coming years.

Over the past three years, Anixter has completed three transactions that have bolstered its market presence, growth potential, and operating flexibility. After acquiring Tri-Ed in 2014, selling its capital-intensive supply fasteners segment in 2015, and purchasing HD Supply’s utility distribution business in 2015, Anixter is now the global leader in network and security distribution, a top player in electrical distribution, and the leading utility power solutions distributor in North America.

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Brian Bernard does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.