During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga’s extensive database of analyst ratings, including by analyst accuracy.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
Paychex, Inc. (NASDAQ:PAYX)
- Dividend Yield: 3.22%
- Morgan Stanley analyst James Faucette maintained an Equal-Weight rating and cut the price target from $125 to $122 on June 27. This analyst has an accuracy rate of 67%.
- Baird analyst Mark Marcon maintained a Neutral rating and slashed the price target from $126 to $124 on June 27. This analyst has an accuracy rate of 69%.
- Recent News: On July 10, the company’s board declared a regular quarterly cash dividend of 98 cents per share.
- Benzinga Pro’s real-time newsfeed alerted to latest PAYX’s news
Kennametal Inc. (NYSE:KMT)
- Dividend Yield: 3.27%
- Barclays analyst Julian Mitchell maintained an Equal-Weight rating and cut the price target from $25 to $24 on July 10. This analyst has an accuracy rate of 75%.
- Loop Capital analyst Chris Dankert maintained a Hold rating and cut the price target from $24 to $22 on June 21. This analyst has an accuracy rate of 74%.
- Recent News: On May 8, Kennametal posted weaker-than-expected quarterly earnings.
- Benzinga Pro’s charting tool helped identify the trend in Kennametal’s stock.
Stanley Black & Decker, Inc. (NYSE:SWK)
- Dividend Yield: 3.73%
- Barclays analyst Julian Mitchell downgraded the stock from Overweight to Equal-Weight and cut the price target from $100 to $86 on June 4. This analyst has an accuracy rate of 75%.
- Baird analyst Timothy Wojs maintained a Neutral rating and cut the price target from $82 to $80 on April 19. This analyst has an accuracy rate of 68%.
- Recent News: Stanley Black & Decker is expected to broadcast its second quarter earnings webcast on Tuesday, July 30.
- Benzinga Pro’s signals feature notified of a potential breakout in SWK’s shares.
Read More:
- Bank Of America, Morgan Stanley And Other 3 Stocks To Watch Heading Into Tuesday