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. Danaher Upgraded by Morgan Stanley
Industrial and consumer products supplier Danaher (DHR ) saw its stock upgraded to Overweight on Tuesday, with Morgan Stanley increasing their price target to $100. In May, Danaher announced a $13.8 billion acquisition of water filtration company Pall. Finishing Monday’s session at $87.22 (down 0.6%), DHR’s adjusted dividend yield is 0.62%, with an annual payout of $0.54 (paid quarterly). The stock is 3.36% from its 52-week high.
2. Koninklijke Philips Electronics Upgraded by Societe Generale
Koninklijke Philips Electronics (PHG), a consumer and lifestyle technology producer, was upgraded by Societe Generale on Tuesday, with the bank putting the stock on their Buy list. No price target was supplied. The Dutch company announced a 20% rise in Q2 sales yesterday, with earnings coming in at 30 cents per share. Finishing Monday’s session at $27.18 (up 3.3%), Philips Electronics’ adjusted dividend yield is 2.79%, with an annual payout of $0.76 (paid quarterly). The stock is 15.43% from its 52-week high.
3. Raytheon Co. Upgraded by Bank of America Merrill Lynch
Defense contractor Raytheon Co. Liquid error: internal saw its stock upgraded on Tuesday, with Bank of America Merrill Lynch shifting their rating to Buy and increasing the price target to $120. According to news sources, the U.S. Navy and Saudi Arabia recently ordered 555 Joint Stand-Off Weapons from Raytheon at a cost of $180 million. Finishing Monday’s session at $104.34 (up 0.4%), Raytheon’s adjusted dividend yield is 2.57%, with an annual payout of $2.68 (paid quarterly). The stock is 7.96% from its 52-week high.
4. Robert Half International Downgraded by Barclays
Robert Half International (RHI ) was downgraded by Barclays on Tuesday, with the bank confirming an Underweight rating and a new price target of $55. This comes after the company announced last week quarter earnings of 55 cents per share. Finishing Monday’s session at $52.57, RHI’s adjusted dividend yield is 1.52%, with an annual payout of $0.80. The stock is 16.91% from its 52-week high.
5. Entergy Corp. Downgraded by Goldman Sachs
Utilities company Entergy Corp. (ETR ) saw its stock downgraded to Sell by Goldman Sachs on Tuesday, with no price target supplied. Finishing Monday’s session at $70.40 (up 1.7%), Entergy’s adjusted dividend yield is 4.72%, with an annual payout of $3.32. The stock is 23.49% from its 52-week high.
