Wall Street's Most Accurate Analysts Say Hold These 3 Industrials Stocks Delivering High-Dividend Yields

Author: Lisa Levin | September 28, 2023 01:20pm

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 (NYSE:MMM)

• Dividend Yield: 6.44%
• Morgan Stanley analyst Joshua Pokrzywinski upgraded the stock from Underweight to Equal-Weight rating and raised the price target from $102 to $113 on Aug. 31, 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 said it sees a slow growth environment in 2024.

Costamare Inc. (NYSE:CMRE)

• Dividend Yield: 4.78%
• Jefferies analyst Omar Nokta downgraded the stock from Buy to Hold and cut the price target from $15 to $10 on April 24, 2023. This analyst has an accuracy rate of 67%.
• Stifel analyst Benjamin Nolan downgraded the stock from Buy to Hold and slashed the price target from $12.5 to $11 on Jan. 13, 2023. This analyst has an accuracy rate of 72%.
• Recent News: Costamare reported better-than-expected second-quarter revenue results.

Trinity Industries, Inc. (NYSE:TRN)

• Dividend Yield: 4.13%
• Susquehanna analyst Christopher Rolland maintained a Neutral rating and raised the price target from $22 to $29 on Aug. 2, 2023. This analyst has an accuracy rate of 75%.
• Stephens & Co. analyst Justin Long maintained an Equal-Weight rating and cut the price target from $26 to $24 on May 3, 2023. This analyst has an accuracy rate of 65%.
• Recent News: Trinity Industries reported second-quarter revenue growth of 73% Y/Y to $722.4 million, beating the consensus of $613.9 million.

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Posted In: CMRE MMM TRN