In turbulent market conditions, many investors seek refuge in dividend-paying stocks. These companies, often with strong free cash flows, reward shareholders with consistent payouts. Benzinga offers insights into analyst sentiment for popular stocks, allowing investors to make informed decisions.
This article delves into the latest analyst ratings for three high-yielding stocks in the industrials sector: Stanley Black & Decker (SWK), Kennametal (KMT), and Hillenbrand (HI). These companies, with their attractive dividend yields, are attracting the attention of investors seeking both income and potential growth.
Stanley Black & Decker (SWK) – Dividend Yield: 3.10%
On October 21, Baird analyst Timothy Wojs maintained a Neutral rating on SWK, raising the price target from $94 to $104. Wojs boasts a 75% accuracy rate in his predictions. Goldman Sachs analyst Joe Ritchie also maintained a Neutral rating on October 10, raising the price target from $94 to $107. Ritchie’s accuracy rate sits at 75%. Stanley Black & Decker will be broadcasting their third-quarter earnings webcast on October 29, providing further insights into their performance.
Kennametal Inc. (KMT) – Dividend Yield: 3.14%
Loop Capital analyst Chris Dankert maintained a Hold rating on KMT on August 22, increasing the price target from $22 to $24. Dankert’s track record exhibits a 79% accuracy rate. Barclays analyst Julian Mitchell maintained an Equal-Weight rating on August 9, also raising the price target from $24 to $25. Mitchell’s accuracy stands at 77%. Kennametal will host their first-quarter fiscal year 2025 earnings call on November 6, offering valuable information about their financial performance.
Hillenbrand, Inc. (HI) – Dividend Yield: 3.19%
On August 12, DA Davidson analyst Matt Summerville downgraded HI from Buy to Neutral, reducing the price target from $54 to $33. Summerville’s accuracy rate is 77%. However, Keybanc analyst Jeffrey Hammond initiated coverage on HI with an Overweight rating and a price target of $50 on July 10, demonstrating confidence in the company’s future. Hammond’s accuracy rate is 76%. On August 28, Hillenbrand declared a fourth-quarter dividend of 22.25 cents per share, a positive indication for income-seeking investors.
These analysts’ insights, coupled with dividend yield data, provide a comprehensive perspective for investors considering these high-yielding industrial stocks. However, it’s crucial to remember that analyst ratings are just one piece of the investment puzzle. Comprehensive research and individual risk tolerance are essential for making sound investment decisions.