Wall Street's Most Accurate Analysts Say Hold These 3 Industrial Stocks With Over 4% Dividend Yields

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.

Steelcase Inc. SCS

• Dividend Yield: 5.56%
• Benchmark analyst Reuben Garner downgraded the stock from Buy to Hold on Nov. 30, 2022. This analyst has an accuracy rate of 81%.
• Sidoti & Co. analyst Gregory Burns downgraded the stock from Buy to Neutral on Sept. 15, 2022. This analyst has an accuracy rate of 72%.
• Recent News: Steelcase reported better-than-expected fourth-quarter financial results and issued first-quarter EPS and revenue guidance above estimates.

3M Company MMM

• Dividend Yield: 5.96%
• Deutsche Bank analyst Nicole Deblase maintained a Hold rating and cut the price target from $192 to $189 on Jan. 27, 2023. This analyst has an accuracy rate of 74%.
• JP Morgan analyst Stephen Tusa maintained a Neutral rating and cut the price target from $120 to $105 on Jan. 25, 2023. This analyst has an accuracy rate of 70%.
• Recent News: 3M and Svante announced joint development agreement to develop and produce carbon dioxide removal products.

Trinity Industries, Inc. TRN

• Dividend Yield: 4.82%
• Susquehanna analyst Christopher Rolland maintained a Neutral rating and cut the price target from $26 to $22 on May 3, 2023. This analyst has an accuracy rate of 75%.
• Stephens & Co. analyst Justin Long maintained an Equal-Weight rating and slashed the price target from $26 to $24 on May 3, 2023. This analyst has an accuracy rate of 65%.
• Recent News: Trinity Industries posted better-than-expected quarterly sales results.

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