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.
3M Company MMM
- Dividend Yield: 5.74%
- Morgan Stanley analyst Joshua Pokrzywinski maintained an Underweight rating and raised the price target from $100 to $102 on July 26, 2023. This analyst has an accuracy rate of 73%.
- Citigroup analyst Andrew Kaplowitz maintained a Neutral rating and increased the price target from $100 to $111 on July 26, 2023. This analyst has an accuracy rate of 81%.
- Recent News: 3M Company shares gained on Monday amid reports of the company reaching a $5.5 billion settlement over Its faulty military earplugs.
HNI Corporation HNI
- Dividend Yield: 4.16%
- Benchmark analyst Reuben Garner maintained a Buy rating and increased the price target from $36 to $45 on Aug. 9, 2023. This analyst has an accuracy rate of 81%.
- Sidoti & Co. analyst Gregory Burns upgraded the stock from Neutral to Buy with a price target of $34 on March 9, 2023. This analyst has an accuracy rate of 72%.
- Recent News: HNI reported sales for the second quarter of $563.5 million and a net loss of $12.8 million.
Stanley Black & Decker, Inc. SWK
- Dividend Yield: 3.63%
- Morgan Stanley analyst Joshua Pokrzywinski maintained an Equal-Weight rating and raised the price target from $90 to $99 on Aug. 2, 2023. This analyst has an accuracy rate of 73%.
- Citigroup analyst Eric Lau maintained a Neutral rating and raised the price target from $98 to $110 on Aug. 2, 2023. This analyst has an accuracy rate of 72%.
- Recent News: Stanley Black & Decker reported a narrower-than-expected loss for the second quarter.
Read More: Best Buy, HP And 3 Stocks To Watch Heading Into Tuesday
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