Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks With Over 3% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their ratings on three industrial stocks with over 3% dividend yields: Paychex, Inc. (PAYX), Kennametal Inc. (KMT), and Robert Half Inc. (RHI). These stocks are attractive to investors seeking high dividend payouts during market turbulence.
June 13, 2024 | 12:21 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Kennametal Inc. (KMT) has received a Hold rating from Loop Capital with a price target of $24 and an Equal-Weight rating from Barclays with a price target of $25. The company recently posted weaker-than-expected quarterly earnings.
The weaker-than-expected earnings and the cautious ratings from analysts suggest a likely short-term decline in KMT's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Paychex, Inc. (PAYX) has received a Sector Perform rating from RBC Capital with a price target of $130 and a Neutral rating from Wedbush with a price target of $115. The company is set to release its fiscal 2024 Q4 results on June 26.
The mixed ratings from analysts and the upcoming financial results create a neutral short-term outlook for PAYX. Investors will be closely watching the Q4 results for further direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Robert Half Inc. (RHI) has been upgraded from Sell to Hold by Truist Securities with a price target of $72, while BMO Capital maintained a Market Perform rating and cut the price target to $80. The company recently approved a quarterly cash dividend of 53 cents per share.
The upgrade from Sell to Hold and the strong dividend approval indicate a positive short-term outlook for RHI, despite the price target cut by BMO Capital.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100