Below are the dividend stocks that were subject to analyst moves before the bell. Analysts weigh in with insight and commentary as to what you can expect going forward.
1. AGCO Corporation Upgraded by Goldman Sachs
Farm and construction machinery company AGCO Corporation (AGCO ) saw its stock upgraded to Neutral pre-market on Monday, with Goldman Sachs increasing their price target to $54. Earnings for the company will be released on Tuesday, with the market factoring in a revenue figure in the range of $2.12 billion and an EPS of $1.01. Finishing Friday’s session at $52.30 (down 1.7%), AGCO’s adjusted dividend yield is 0.92%, with an annual payout of $0.48 (paid quarterly). The stock is 8.66% from its 52-week high.
2. Deere & Co. Upgraded by Goldman Sachs
Deere & Co. (DE ), a leading supplier of farmyard machinery, was upgraded by Goldman Sachs on Monday, with the investment bank putting the stock on their Neutral list. Their target price is $94. Finishing Friday’s session at $92.42 (down 0.9%), Deere’s adjusted dividend yield is 2.60%, with an annual payout of $2.40 (paid quarterly). The stock is 5.91% from its 52-week high.
3. First Financial Bancorp Upgraded by Hilliard Lyons
Regional bank First Financial Bancorp (FFBC ) saw its stock upgraded on Friday, with Hilliard Lyons shifting their rating to Buy and increasing their price target from $17 to $20.50. Announcing a $110 million acquisition of commercial lender Oak Street Holdings Corp. on Thursday, the company confirmed that they were also looking at other takeover opportunities. Finishing Friday’s session at $18.76 (up 3.8%), First Financial’s adjusted dividend yield is 3.41%, with an annual payout of $0.64 (paid quarterly). The stock is 2.24% from its 52-week high.
4. Omnicare Downgraded by JP Morgan
Omnicare (OCR) was downgraded by JP Morgan late on Friday, with the investment bank confirming a Neutral rating and a new price target of $98. This comes after CVS Healthcare announced a $10 billion takeover of Omnicare in early June. Finishing Friday’s session at $95.26, Omnicare’s adjusted dividend yield is 0.92%, with an annual payout of $0.88. The stock is 1.33% from its 52-week high.
5. Manitowoc Co. Downgraded by Goldman Sachs
Machinery supplier Manitowoc Co. (MTW) saw its stock downgraded to Sell by Goldman Sachs, with the bank adding a new price target of $14. Finishing Friday’s session at $17.10 (down 2.7%), Manitowoc’s adjusted dividend yield is 0.47%, with an annual payout of $0.08. The stock is 45.63% from its 52-week high.
