Benzinga - by Lisa Levin, Benzinga Editor.
During times of turbulence and uncertainty in the markets, 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. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
Paychex, Inc. (NASDAQ: PAYX)
- Dividend Yield: 3.002%
- Morgan Stanley analyst James Faucette maintained an Equal-Weight rating and raised the price target from $125 to $127 on Sept. 28, 2023. This analyst has an accuracy rate of 76%
- Wedbush analyst Moshe Katri reiterated a Neutral rating with a price target of $115 on Sept. 26, 2023. This analyst has an accuracy rate of 80%.
- Recent News: Paychex reported better-than-expected earnings for its first quarter.
- Dividend Yield: 3.31%
- Barclays analyst Julian Mitchell maintained an Equal-Weight rating and raised the price target from $27 to $28 on July 10, 2023. This analyst has an accuracy rate of 72%.
- Loop Capital analyst Chris Dankert maintained a Hold rating and raised the price target from $22 to $28 on Feb. 9, 2023. This analyst has an accuracy rate of 62%.
- Recent News: Kennametal is scheduled to host its first quarter fiscal year 2024 earnings call on Nov. 1, 2023.
- Dividend Yield: 4.17%
- JP Morgan analyst Brian Ossenbeck maintained a Neutral rating and lowered the price target from $186 to $178 on Oct. 11, 2023. on July 28, 2023. This analyst has an accuracy rate of 74%.
- Stephens & Co. analyst Jack Atkins reiterated an Equal-Weight rating with a price target of $195 on Sept. 12, 2023. This analyst has an accuracy rate of 87%.
- Recent News: United Parcel Service penned a deal to acquire MNX Global Logistics (MNX) for an undisclosed amount.
Read More: Investor Fear Eases Further After CPI Data
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