Wall Street's Most Accurate Analysts Say Hold These 3 Industrials Stocks With Over 3% Dividend Yields
Portfolio Pulse from Lisa Levin
The most accurate Wall Street analysts recommend holding three high-yielding industrial stocks: Paychex, Inc. (NASDAQ:PAYX), Kennametal Inc. (NYSE:KMT), and United Parcel Service, Inc. (NYSE:UPS). These companies have dividend yields of 3.002%, 3.31%, and 4.17% respectively. Recent news includes better-than-expected earnings for Paychex, an upcoming earnings call for Kennametal, and a new acquisition for UPS.
October 13, 2023 | 1:30 pm
News sentiment analysis
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NEUTRAL IMPACT
Kennametal is scheduled to host its first quarter fiscal year 2024 earnings call on Nov. 1, 2023. Analysts maintain a Hold rating with a raised price target.
The upcoming earnings call could potentially impact the stock price, but the maintained Hold rating suggests that the stock is fairly valued at the moment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Paychex reported better-than-expected earnings for its first quarter. Analysts maintain an Equal-Weight rating with a raised price target.
The better-than-expected earnings report is a positive sign, but the maintained Equal-Weight rating suggests that the stock is fairly valued at the moment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
United Parcel Service penned a deal to acquire MNX Global Logistics for an undisclosed amount. Analysts maintain a Neutral rating with a lowered price target.
The acquisition could potentially boost UPS's business, but the maintained Neutral rating and lowered price target suggest that the stock is fairly valued at the moment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100