Kennametal Inc.

The manual cutting equipment market is predicted to reach USD 24.6 billion by 2032, driven by the growing construction industry and demand for efficient cutting tools. The oxy-fuel segment and the construction sector are expected to witness significant growth during this period, particularly in Europe.

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During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, 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. Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector. Paychex, Inc. (NASDAQ:PAYX) Dividend Yield: 3.19% RBC Capital analyst Ashish Sabadra reiterated a Sector Perform rating with a price target of $130 on May 21. This analyst has an accuracy rate of 66%. Wedbush analyst Moshe Katri reiterated a Neutral rating with a price target of $115 on April 3. This analyst has an accuracy rate of 62%. Recent News: Paychex ...Full story available on Benzinga.com

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