Dividend Increases Week 8 (Part 1)

 

In this article, I will go through the weekly dividend increases and cuts in popular and well-known stocks. (Member of The Dividend Champions or Canadian All-Star list)

 

Recently, 27 companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period. This is the first part of the week’s notifications.

 

The table below summarises the dividend change announcements.  The table shows the current dividend, the new dividend and the percentage increase (%). Dividends are shown on an annual basis and in US dollars unless otherwise stated. Yield is the new dividend yield of the most recent price, and Years is the years of consecutive dividend increases.

 

 

 

 

 

The Home Depot, Inc. (HD)

The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers. The Home Depot, Inc. was incorporated in 1978 and is based in Atlanta, Georgia.

On February 22, HD declared a quarterly dividend of $1.90 per share.

This is a 15.2% increase from prior dividend of $1.65. 

Payable March 24 for shareholders of record March 10, ex-div March 9.

 

Farmers National Banc Corp. (FMNB)

Farmers National Banc Corp., a financial holding company, operates in the banking, trust, retirement consulting, insurance, and financial management industries. It offers commercial and retail banking services, including checking, savings, and time deposit accounts. The company was founded in 1887 and is headquartered in Canfield, Ohio.

On February 22, FMNB declared a quarterly dividend of $0.16 per share.

This is a 14.3% increase from prior dividend of $0.14. 

Payable March 31 for shareholders of record March 11, ex-div march 10.

 

AMERISAFE, Inc. (AMSF)

AMERISAFE, Inc., an insurance holding company, underwrites workers’ compensation insurance in the United States. Its workers’ compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company offers workers’ compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas. The company was incorporated in 1985 and is headquartered in DeRidder, Louisiana.

On February 22, AMSF declared a quarterly dividend of $0.31 per share.

This is a 6.9% increase from prior dividend of $0.29. 

Payable March 25 for shareholders of record March 11, ex-div March 10.

 

Leggett & Platt, Incorporated (LEG)

Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company was founded in 1883 and is based in Carthage, Missouri.

On February 22, LEG declared a quarterly dividend of $0.42 per share.

This is a 5.0% increase from prior dividend of $0.40. 

Payable April 15 for shareholders of record March 15, ex-div March 14.

 

Assured Guaranty Ltd. (AGO)

Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. The company operates in two segments, Insurance and Asset Management. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. Assured Guaranty Ltd. was founded in 2003 and is headquartered in Hamilton, Bermuda.

On February 23, AGO declared a quarterly dividend of $0.25 per share.

This is a 13.6% increase from prior dividend of $0.22. 

Payable March 23 for shareholders of record March 9, ex-div March 8.

 

 

Eaton Corporation plc (ETN)

Eaton Corporation plc operates as a power management company worldwide. Eaton Corporation plc was founded in 1911 and is based in Dublin, Ireland.

On February 23, ETN declared a quarterly dividend of $0.81 per share.

This is a 6.6% increase from prior dividend of $0.76. 

Payable March 31 for shareholders of record March 11, ex-div March 10.

 

Popular, Inc. (BPOP)

Popular, Inc., through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico and the United States. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit. Popular, Inc. was founded in 1893 and is headquartered in Hato Rey, Puerto Rico.

On February 23, BPOP declared a quarterly dividend of $0.55 per share.

This is a 22.2% increase from prior dividend of $0.45. 

Payable April 1 for shareholders of record March 15, ex-div March 14.

 

Xcel Energy Inc. (XEL)

Xcel Energy Inc., through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

On February 23, XEL declared a quarterly dividend of $0.4875 per share.

This is a 6.6% increase from prior dividend of $0.4575. 

Payable April 20 for shareholders of record March 15, ex-div March 14.

 

Universal Display Corporation (OLED)

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. As of February 18, 2021, it owned, exclusively licenses, or had sole rights to sublicense approximately 5,000 issued and pending patents worldwide. Universal Display Corporation was founded in 1985 and is headquartered in Ewing, New Jersey.

On February 23, OLED declared a quarterly dividend of $0.30 per share.

This is a 50.0% increase from prior dividend of $0.20. 

Payable March 31 for shareholders of record March 17, ex-div March 16.

 

Danaher Corporation (DHR)

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company operates through three segments: Life Sciences, Diagnostics, and Environmental & Applied Solutions. Danaher Corporation was founded in 1969 and is headquartered in Washington, the District of Columbia.

On February 23, DHR declared a quarterly dividend of $0.25 per share.

This is a 19.0% increase from prior dividend of $0.21. 

Payable April 29 for shareholders of record March 25, ex-div March 24.

 

 

CTO Realty Growth, Inc. (CTO)

CTO Realty Growth, Inc. is a Florida-based publicly traded real estate company, which owns income properties comprised of approximately 2.4 million square feet in diversified markets in the United States and an approximately 23.5% interest in Alpine Income Property Trust, Inc., a publicly traded net lease real estate investment trust (NYSE: PINE).

On February 23, CTO declared a quarterly dividend of $1.08 per share.

This is an 8.0% increase from prior dividend of $1.00. 

Payable March 31 for shareholders of record March 10, ex-div March 9.

 

Franklin Resources, Inc. (BEN)

Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Hyderabad, India.

On February 23, BEN declared a quarterly dividend of $0.29 per share.

This is a 3.6% increase from prior dividend of $0.28. 

Payable April 14 for shareholders of record March 31, ex-div March 30.

 

Silgan Holdings Inc. (SLGN)

Silgan Holdings Inc., together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products in North America, Europe, and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. Silgan Holdings Inc. was founded in 1987 and is headquartered in Stamford, Connecticut.

On February 23, SLNG declared a quarterly dividend of $0.16 per share.

This is a 14.3% increase from prior dividend of $0.14. 

Payable March 31 for shareholders of record February 17, ex-div February 16.

 

First Savings Financial Group, Inc. (FSFG)

First Savings Financial Group, Inc. operates as the bank holding company for First Savings Bank that provides various financial services to consumers and businesses in southern Indiana. The company operates through three segments: Core Banking, SBA Lending, and Mortgage Banking. First Savings Financial Group, Inc. was incorporated in 2008 and is based in Jeffersonville, Indiana.

On February 23, FSFG declared a quarterly dividend of $0.13 per share.

This is an 8.3% increase from prior dividend of $0.12. 

Payable March 31 for shareholders of record March 17, ex-div March 16.

 

Notable Analyst Upgrades and Downgrades for Week of January 24 2022 (Part 1)

 

Upgrades:

 

Comcast (NASDAQ:CMCSA) was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Monday, The Fly reports. The brokerage presently has a $60.00 price target on the cable giant’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 20.65% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Loop Capital decreased their target price on Comcast from $71.00 to $67.00 and set a “buy” rating on the stock in a report on Monday, November 22nd. Citigroup cut Comcast from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $60.00 to $53.00 in a report on Wednesday, December 15th. Barclays decreased their target price on Comcast from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, November 1st. Macquarie cut Comcast from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $65.00 to $52.00 in a report on Tuesday, December 14th. Finally, UBS Group decreased their target price on Comcast from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, December 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, Comcast presently has an average rating of “Buy” and a consensus target price of $63.48. Read more …

 

UBS Group (NYSE:UBS) was upgraded by research analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued on Monday, Price Targets.com reports.

Several other equities analysts have also commented on the stock. DZ Bank lowered shares of UBS Group from a “buy” rating to a “hold” rating and set a CHF 18 target price on the stock. in a report on Tuesday, October 26th. JPMorgan Chase & Co. raised their target price on shares of UBS Group from CHF 21 to CHF 22 in a report on Friday, January 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a report on Wednesday, December 1st. Morgan Stanley restated an “equal weight” rating on shares of UBS Group in a research note on Monday, November 29th. Finally, BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 7th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $18.80. Read more …

 

California Water Service Group (NYSE:CWT) was upgraded by investment analysts at Seaport Res Ptn from a "sell" rating to a "neutral" rating in a research note issued to investors on Tuesday, Zacks.com reports.

A number of other equities research analysts also recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of California Water Service Group from $62.00 to $63.00 and gave the stock an "underweight" rating in a research note on Wednesday, December 1st. Zacks Investment Research raised shares of California Water Service Group from a "hold" rating to a "buy" rating and set a $64.00 target price for the company in a research note on Tuesday, November 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $60.67.

NYSE:CWT opened at $61.57 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.06 and a current ratio of 1.09. The firm's 50-day moving average is $66.69 and its 200-day moving average is $63.44. California Water Service Group has a 52-week low of $51.02 and a 52-week high of $72.08. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 27.99 and a beta of 0.18. Read more …

 

 

NIKE (NYSE:NKE) was upgraded by equities research analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a report issued on Tuesday, Briefing.com reports. The brokerage presently has a $175.00 price target on the footwear maker's stock. Wells Fargo & Company's target price would indicate a potential upside of 19.86% from the company's previous close.

A number of other equities research analysts have also recently weighed in on the stock. Wedbush initiated coverage on shares of NIKE in a research note on Monday, October 4th. They set an "outperform" rating and a $170.00 price objective on the stock. Credit Suisse Group set a $176.00 price target on shares of NIKE in a research report on Tuesday, January 4th. Telsey Advisory Group lifted their price target on NIKE from $176.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, December 16th. The Goldman Sachs Group set a $172.00 price target on NIKE and gave the stock a "buy" rating in a research note on Monday, December 6th. Finally, Morgan Stanley lowered their target price on NIKE from $206.00 to $202.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $180.31. Read more …

Notable Analyst Upgrades and Downgrades for Week of January 10 2022 (Part 1)

 

Upgrades:

 

CVS Health (NYSE:CVS) was upgraded by stock analysts at Edward Jones from a “hold” rating to a “buy” rating in a note issued to investors on Monday, The Fly reports.

Several other equities research analysts have also recently weighed in on the stock. Seaport Research Partners assumed coverage on shares of CVS Health in a research report on Wednesday, December 1st. They set a “buy” rating and a $110.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of CVS Health in a report on Tuesday, December 14th. They issued a “buy” rating and a $121.00 target price for the company. Citigroup increased their target price on shares of CVS Health from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Thursday, November 4th. They noted that the move was a valuation call. Seaport Global Securities started coverage on shares of CVS Health in a report on Wednesday, December 1st. They issued a “buy” rating and a $110.00 price objective for the company. Finally, Seaport Res Ptn reiterated a “buy” rating on shares of CVS Health in a report on Wednesday, December 1st. Four investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $111.73. Read more …

 

Kimco Realty (NYSE:KIM) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued on Monday, The Fly reports. The firm currently has a $29.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $24.00. Jefferies Financial Group’s price objective would suggest a potential upside of 17.93% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Argus raised Kimco Realty from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, January 5th. Truist upped their target price on Kimco Realty from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, December 10th. Wolfe Research began coverage on shares of Kimco Realty in a research note on Thursday, September 23rd. They set a “market perform” rating and a $24.00 target price for the company. BTIG Research reaffirmed a “hold” rating on shares of Kimco Realty in a research note on Sunday, September 26th. Finally, Evercore ISI upgraded Kimco Realty from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $24.00 to $26.00 in a research report on Monday, November 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $25.81. Read more …

 

Kinder Morgan (NYSE:KMI) was upgraded by equities research analysts at Wolfe Research from an “underperform” rating to a “market perform” rating in a report issued on Monday, The Fly reports. The brokerage currently has a $17.00 target price on the pipeline company’s stock, up from their previous target price of $16.00. Wolfe Research’s target price suggests a potential downside of 2.19% from the stock’s current price.

KMI has been the subject of a number of other reports. Zacks Investment Research cut shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a report on Wednesday, October 27th. Bank of America started coverage on shares of Kinder Morgan in a report on Tuesday, September 28th. They set a “neutral” rating for the company. Finally, Mizuho reduced their target price on shares of Kinder Morgan from $22.00 to $21.00 and set a “buy” rating for the company in a report on Monday, December 6th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.92. Read more …

 

 

L3Harris Technologies (NYSE:LHX) was upgraded by research analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating in a research note issued to investors on Tuesday, Price Targets.com reports. The brokerage presently has a $266.00 price objective on the stock. Wolfe Research's price target would indicate a potential upside of 19.05% from the company's current price.

A number of other equities research analysts have also recently commented on the company. UBS Group cut L3Harris Technologies from a "buy" rating to a "neutral" rating and dropped their target price for the company from $260.00 to $235.00 in a research report on Tuesday, December 14th. Robert W. Baird raised shares of L3Harris Technologies from a "neutral" rating to an "outperform" rating and set a $248.00 price target on the stock in a research note on Thursday, January 6th. The Goldman Sachs Group lowered shares of L3Harris Technologies from a "neutral" rating to a "sell" rating and set a $207.00 price target on the stock. in a research note on Thursday, September 23rd. Wells Fargo & Company raised shares of L3Harris Technologies from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $243.00 to $254.00 in a research note on Monday. Finally, Morgan Stanley decreased their target price on shares of L3Harris Technologies from $238.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Thursday, November 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $243.77. Read more …

Notable Analyst Upgrades and Downgrades for Week of October 25 2021

 

Upgrades:

 

Best Buy (NYSE:BBY) was upgraded by equities researchers at Piper Sandler to a "buy" rating in a research note issued to investors on Tuesday, The Fly reports.

Several other research analysts have also issued reports on the company. Telsey Advisory Group increased their price target on Best Buy from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, August 25th. Jefferies Financial Group increased their price target on Best Buy from $136.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, August 25th. Wells Fargo & Company upgraded Best Buy to a "buy" rating in a report on Wednesday, August 25th. DA Davidson upgraded Best Buy to a "buy" rating in a report on Wednesday, August 25th. Finally, Bank of America upgraded Best Buy to a "buy" rating and raised their target price for the company from $145.00 to $157.00 in a report on Wednesday, August 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $127.53. Read more …

 

Abbott Laboratories (NYSE:ABT) was upgraded by stock analysts at Atlantic Securities from a "neutral" rating to an "overweight" rating in a research report issued on Wednesday, The Fly reports. The firm presently has a $144.00 target price on the healthcare product maker's stock. Atlantic Securities' price target points to a potential upside of 12.39% from the company's current price.

Several other analysts have also commented on ABT. Redburn Partners initiated coverage on Abbott Laboratories in a report on Thursday, October 14th. They issued a "neutral" rating and a $132.28 price objective for the company. Cowen reaffirmed a "buy" rating and issued a $140.00 price objective on shares of Abbott Laboratories in a report on Friday, October 8th. Zacks Investment Research raised Abbott Laboratories from a "strong sell" rating to a "hold" rating and set a $127.00 price objective for the company in a report on Tuesday, August 3rd. Raymond James lifted their price objective on Abbott Laboratories from $128.00 to $134.00 and gave the stock an "outperform" rating in a report on Thursday, October 21st. Finally, Citigroup boosted their price target on Abbott Laboratories from $135.00 to $140.00 and gave the company a "buy" rating in a report on Friday, October 1st. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $134.94. Read more …

 

General Dynamics (NYSE:GD) was upgraded by research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Thursday, PriceTargets.com reports. The brokerage presently has a $230.00 price target on the aerospace company’s stock, up from their prior price target of $220.00. Wells Fargo & Company‘s price target points to a potential upside of 12.82% from the company’s current price.

GD has been the subject of a number of other reports. Zacks Investment Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $208.00 price target for the company in a report on Thursday, August 5th. Credit Suisse Group boosted their target price on shares of General Dynamics from $182.00 to $198.00 and gave the company a “neutral” rating in a report on Thursday, July 29th. The Goldman Sachs Group upgraded shares of General Dynamics from a “sell” rating to a “neutral” rating and set a $176.00 target price for the company in a report on Thursday, September 23rd. Finally, Cowen restated a “buy” rating on shares of General Dynamics in a report on Monday, August 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, General Dynamics has an average rating of “Buy” and a consensus price target of $213.91. Read more …

 

 

Norfolk Southern (NYSE:NSC) was upgraded by research analysts at Bank of America from a “neutral” rating to a “buy” rating in a report issued on Thursday, Analyst Price Targets reports. The brokerage presently has a $325.00 price objective on the railroad operator’s stock, up from their previous price objective of $263.00. Bank of America‘s price objective would suggest a potential upside of 11.45% from the stock’s current price.

A number of other brokerages also recently commented on NSC. Citigroup lowered their price objective on Norfolk Southern from $325.00 to $310.00 and set a “buy” rating for the company in a research note on Wednesday, October 6th. Evercore ISI raised Norfolk Southern from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $301.00 to $303.00 in a research note on Friday, July 9th. Wells Fargo & Company decreased their price target on Norfolk Southern from $318.00 to $312.00 and set an “overweight” rating for the company in a research note on Thursday, October 7th. Finally, Atlantic Securities began coverage on Norfolk Southern in a research note on Monday, July 12th. They issued a “neutral” rating and a $276.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $287.57. Read more …

Notable Analyst Upgrades and Downgrades for Week of October 18 2021

 

 

Upgrades:

 

Novo Nordisk A/S (NYSE:NVO) was upgraded by investment analysts at SEB Equities from a “hold” rating to a “buy” rating in a report issued on Monday, The Fly reports.

Other equities analysts have also issued research reports about the company. Berenberg Bank reissued a “hold” rating on shares of Novo Nordisk A/S in a research report on Friday, September 3rd. DNB Markets raised Novo Nordisk A/S from a “hold” rating to a “buy” rating in a research report on Thursday, August 5th. Bank of America upgraded Novo Nordisk A/S from a “neutral” rating to a “buy” rating in a report on Thursday, August 5th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Novo Nordisk A/S in a report on Friday, August 6th. Finally, Credit Suisse Group restated a “neutral” rating on shares of Novo Nordisk A/S in a research note on Monday, August 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $91.00. Read more …

 

Occidental Petroleum (NYSE:OXY) was upgraded by equities researchers at Truist Securities from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a $50.00 price target on the oil and gas producer's stock. Truist Securities' target price indicates a potential upside of 57.93% from the stock's previous close.

A number of other research firms have also recently commented on OXY. Mizuho boosted their target price on shares of Occidental Petroleum from $37.00 to $39.00 and gave the stock a "buy" rating in a research note on Thursday, July 15th. Evercore ISI raised shares of Occidental Petroleum from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $35.00 to $40.00 in a research note on Wednesday, September 29th. Wells Fargo & Company boosted their target price on shares of Occidental Petroleum from $29.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Thursday. Piper Sandler upped their price objective on shares of Occidental Petroleum from $30.00 to $38.00 and gave the company a "neutral" rating in a research note on Friday, July 23rd. They noted that the move was a valuation call. Finally, Truist raised shares of Occidental Petroleum from a "hold" rating to a "buy" rating and upped their price objective for the company from $35.00 to $50.00 in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $31.35. Read more …

 

Public Storage (NYSE:PSA) was upgraded by Wolfe Research from a “peer perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday, The Fly reports.

Other equities research analysts have also recently issued reports about the stock. Citigroup boosted their price target on shares of Public Storage from $296.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, July 1st. Raymond James raised shares of Public Storage from a “market perform” rating to an “outperform” rating and set a $350.00 price target on the stock in a research report on Tuesday, August 10th. UBS Group started coverage on shares of Public Storage in a research report on Thursday, June 24th. They set a “neutral” rating and a $310.00 price target on the stock. Truist Securities boosted their price objective on shares of Public Storage from $315.00 to $322.00 and gave the stock a “buy” rating in a research note on Monday, August 16th. Finally, Zacks Investment Research lowered shares of Public Storage from a “buy” rating to a “hold” rating and set a $329.00 price objective on the stock. in a research note on Friday, July 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $314.50. Read more …

 

 

Albemarle (NYSE:ALB) was upgraded by investment analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research report issued on Tuesday, Price Targets.com reports. The firm presently has a $280.00 price objective on the specialty chemicals company’s stock, up from their previous price objective of $246.00. Royal Bank of Canada’s price objective indicates a potential upside of 18.19% from the company’s current price.

ALB has been the subject of a number of other research reports. Bank of America boosted their price objective on Albemarle from $121.00 to $140.00 and gave the company an “underperform” rating in a research report on Friday, August 6th. They noted that the move was a valuation call. BMO Capital Markets lifted their target price on Albemarle from $265.00 to $290.00 and gave the company an “outperform” rating in a research note on Monday, September 13th. Deutsche Bank Aktiengesellschaft lifted their target price on Albemarle from $245.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, September 13th. KeyCorp lifted their target price on Albemarle from $127.00 to $131.00 and gave the company an “underweight” rating in a research note on Monday, October 11th. Finally, Zacks Investment Research raised Albemarle from a “hold” rating to a “buy” rating and set a $197.00 target price on the stock in a research note on Tuesday, July 13th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Albemarle presently has an average rating of “Hold” and an average target price of $213.09. Read more …

 

Notable Analyst Upgrades and Downgrades for Week of September 27, 2021

 

Upgrades:

 

Sanofi (NASDAQ:SNY) was upgraded by SVB Leerink from a “market perform” rating to an “outperform” rating in a report issued on Monday, Analyst Price Targets reports.

Several other equities research analysts have also recently weighed in on SNY. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Sanofi in a report on Friday, July 30th. Morgan Stanley reissued an “overweight” rating on shares of Sanofi in a report on Friday, August 6th. Finally, UBS Group reiterated a “buy” rating on shares of Sanofi in a research report on Thursday, August 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $53.00. Read more …

 

The Western Union (NYSE:WU) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a report issued on Monday, The Fly reports.

NYSE WU opened at $20.23 on Monday. The stock has a fifty day moving average of $21.94 and a 200-day moving average of $23.70. The stock has a market capitalization of $8.22 billion, a P/E ratio of 10.32 and a beta of 0.99. The Western Union has a 52 week low of $19.07 and a 52 week high of $26.61. The company has a debt-to-equity ratio of 10.47, a quick ratio of 0.94 and a current ratio of 0.94. Read more …

 

Eli Lilly and (NYSE:LLY) was upgraded by equities researchers at Citigroup from a "neutral" rating to a "buy" rating in a note issued to investors on Wednesday, The Fly reports. The brokerage presently has a $265.00 price target on the stock, up from their prior price target of $210.00. Citigroup's price objective indicates a potential upside of 19.58% from the company's current price. The analysts noted that the move was a valuation call.

LLY has been the topic of several other research reports. Barclays upped their target price on shares of Eli Lilly and from $227.00 to $250.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 6th. The Goldman Sachs Group upped their target price on shares of Eli Lilly and from $252.00 to $270.00 and gave the stock a "conviction-buy" rating in a research note on Monday, June 14th. Cantor Fitzgerald increased their price objective on shares of Eli Lilly and from $245.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, June 24th. Read more …

 

 

UBS Group (NYSE:UBS) was upgraded by research analysts at Royal Bank of Canada from a "sector perform" rating to an "outperform" rating in a report issued on Wednesday, The Fly reports.

Other research analysts also recently issued reports about the company. Credit Suisse Group reaffirmed an "outperform" rating on shares of UBS Group in a report on Wednesday, July 21st. Morgan Stanley reaffirmed a "hold" rating on shares of UBS Group in a report on Tuesday, August 10th. Barclays reaffirmed an "underweight" rating on shares of UBS Group in a report on Monday, July 19th. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of UBS Group in a report on Wednesday, July 21st. Finally, The Goldman Sachs Group set a $15.80 target price on UBS Group and gave the stock a "hold" rating in a report on Thursday, July 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $15.70. Read more …

Most Significant Insider Trades: Week of August 30, 2021

 

Disposals:

 

Eastman Chemical (NYSE:EMN) EVP Brad A. Lich sold 26,496 shares of the stock in a transaction that occurred on Thursday, August 26th. The shares were sold at an average price of $113.19, for a total value of $2,999,082.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of EMN traded down $0.43 during trading hours on Monday, hitting $114.84. 450 shares of the company were exchanged, compared to its average volume of 783,394. The stock has a market capitalization of $15.59 billion, a P/E ratio of 49.47, a price-to-earnings-growth ratio of 0.65 and a beta of 1.50. Eastman Chemical has a fifty-two week low of $72.02 and a fifty-two week high of $130.47. The company has a current ratio of 2.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.87. The business’s fifty day simple moving average is $113.26. Read more …

 

Mondelez International, Inc. (NASDAQ:MDLZ) Director Peter W. May sold 79,346 shares of the stock in a transaction that occurred on Friday, August 27th. The stock was sold at an average price of $62.06, for a total value of $4,924,212.76.

Mondelez International, Inc. (NASDAQ:MDLZ) Director Peter W. May sold 399,654 shares of Mondelez International stock in a transaction on Monday, August 30th. The stock was sold at an average price of $61.99, for a total transaction of $24,774,551.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ:MDLZ traded up $0.27 during midday trading on Monday, reaching $62.16. The company’s stock had a trading volume of 4,146,032 shares, compared to its average volume of 7,113,603. The business has a 50 day moving average of $63.06. The stock has a market capitalization of $86.89 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 2.48 and a beta of 0.67. The company has a quick ratio of 0.41, a current ratio of 0.61 and a debt-to-equity ratio of 0.62. Mondelez International, Inc. has a 12-month low of $52.51 and a 12-month high of $65.60. Read more …

 

Sysco Co. (NYSE:SYY) EVP Greg D. Bertrand sold 7,230 shares of the company’s stock in a transaction on Friday, August 27th. The shares were sold at an average price of $80.00, for a total value of $578,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

SYY traded up $0.66 during mid-day trading on Tuesday, hitting $79.65. 2,439,261 shares of the stock were exchanged, compared to its average volume of 2,322,158. The firm’s fifty day moving average is $75.59 and its two-hundred day moving average is $78.78. Sysco Co. has a 1-year low of $53.85 and a 1-year high of $86.73. The company has a current ratio of 1.47, a quick ratio of 0.96 and a debt-to-equity ratio of 6.82. The company has a market cap of $40.75 billion, a PE ratio of 78.86, a PEG ratio of 2.55 and a beta of 1.44. Read more …

 

 

Chubb Limited (NYSE:CB) CEO Evan G. Greenberg sold 7,177 shares of the business’s stock in a transaction that occurred on Monday, August 30th. The shares were sold at an average price of $185.14, for a total value of $1,328,749.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

CB traded down $1.44 during midday trading on Wednesday, hitting $182.48. 58,647 shares of the company were exchanged, compared to its average volume of 1,841,483. The firm has a market capitalization of $80.06 billion, a P/E ratio of 10.16, a P/E/G ratio of 1.47 and a beta of 0.72. Chubb Limited has a 1-year low of $111.93 and a 1-year high of $187.90. The firm’s 50 day moving average price is $171.34 and its 200-day moving average price is $168.01. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.25. Read more …

 

Week's Most Significant Insider Trades: Week of November 2, 2020

 

Disposals:

 

Dominion Energy, Inc. (NYSE:D) Chairman Thomas F. Farrell II sold 50,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $81.49, for a total transaction of $4,074,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NYSE:D traded up $1.32 during trading hours on Monday, hitting $81.66. 3,279,020 shares of the stock traded hands, compared to its average volume of 3,992,305. The company has a market cap of $68.61 billion, a price-to-earnings ratio of 110.35, a price-to-earnings-growth ratio of 6.14 and a beta of 0.36. Dominion Energy, Inc. has a 1 year low of $57.79 and a 1 year high of $90.89. The stock has a 50 day moving average price of $80.01 and a 200 day moving average price of $79.88. The company has a quick ratio of 0.46, a current ratio of 0.64 and a debt-to-equity ratio of 1.30. Read more …

 

Accenture plc (NYSE:ACN) Chairman David Rowland sold 8,723 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $220.42, for a total transaction of $1,922,723.66. Following the completion of the sale, the chairman now directly owns 13,903 shares in the company, valued at $3,064,499.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

David Rowland also recently made the following trade(s):

On Monday, October 19th, David Rowland sold 10,938 shares of Accenture stock. The shares were sold at an average price of $229.30, for a total transaction of $2,508,083.40.

ACN traded up $5.52 during midday trading on Tuesday, reaching $225.71. 1,544,034 shares of the company were exchanged, compared to its average volume of 2,391,294. The company’s fifty day moving average price is $226.70 and its 200 day moving average price is $214.34. The company has a market cap of $142.92 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 2.70 and a beta of 1.06. Accenture plc has a one year low of $137.15 and a one year high of $247.82. Read more …

 

Caterpillar Inc. (NYSE:CAT) General Counsel Suzette M. Long sold 3,687 shares of Caterpillar stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $155.00, for a total value of $571,485.00. Following the transaction, the general counsel now directly owns 10,549 shares in the company, valued at approximately $1,635,095. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Caterpillar stock opened at $155.23 on Thursday. The stock has a market capitalization of $84.06 billion, a P/E ratio of 25.83, a PEG ratio of 2.42 and a beta of 0.99. The company has a quick ratio of 1.08, a current ratio of 1.54 and a debt-to-equity ratio of 1.74. The stock has a 50 day moving average price of $156.65 and a two-hundred day moving average price of $135.76. Caterpillar Inc. has a 12-month low of $87.50 and a 12-month high of $171.26. Read more …

 

 

Dover Co. (NYSE:DOV) VP Anthony K. Kosinski sold 4,203 shares of Dover stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $116.31, for a total value of $488,850.93. Following the completion of the transaction, the vice president now owns 986 shares in the company, valued at approximately $114,681.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NYSE:DOV traded up $2.29 during trading on Tuesday, hitting $117.16. The company’s stock had a trading volume of 624,569 shares, compared to its average volume of 930,578. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.00 and a current ratio of 1.47. Dover Co. has a fifty-two week low of $62.95 and a fifty-two week high of $120.26. The stock’s 50-day moving average price is $111.79 and its two-hundred day moving average price is $102.49. The company has a market capitalization of $16.55 billion, a PE ratio of 25.47, a PEG ratio of 1.73 and a beta of 1.38. Read more …

 

Week's Most Significant Insider Trades: Week of June 1, 2020

Disposals:

Medtronic PLC (NYSE:MDT) SVP Carol A. Surface sold 2,000 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $97.72, for a total value of $195,440.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of NYSE:MDT opened at $97.10 on Thursday. The company has a market cap of $130.33 billion, a P/E ratio of 21.19, a PEG ratio of 3.58 and a beta of 0.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.72 and a current ratio of 2.13. Medtronic PLC has a one year low of $72.13 and a one year high of $122.15. The business’s 50-day simple moving average is $97.48 and its 200 day simple moving average is $105.15. Read more …

Southwest Airlines Co (NYSE:LUV) EVP Andrew M. Watterson sold 8,275 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $31.85, for a total value of $263,558.75. Following the transaction, the executive vice president now directly owns 52,911 shares of the company’s stock, valued at approximately $1,685,215.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of NYSE:LUV opened at $34.48 on Wednesday. Southwest Airlines Co has a 1 year low of $22.47 and a 1 year high of $58.83. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.69 and a quick ratio of 0.64. The business’s 50-day moving average is $29.38 and its 200-day moving average is $45.34. The company has a market capitalization of $17.11 billion, a price-to-earnings ratio of 10.14 and a beta of 1.26. Read more …

Sherwin-Williams Co (NYSE:SHW) Director Susan J. Kropf sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $592.80, for a total value of $592,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

SHW stock traded down $2.95 during midday trading on Wednesday, reaching $594.16. 515,328 shares of the stock were exchanged, compared to its average volume of 685,450. The company has a fifty day moving average price of $540.54 and a 200 day moving average price of $546.98. Sherwin-Williams Co has a 52 week low of $325.43 and a 52 week high of $603.36. The stock has a market capitalization of $54.22 billion, a PE ratio of 34.32, a P/E/G ratio of 3.41 and a beta of 1.23. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.94 and a quick ratio of 0.57. Read more …

Xcel Energy Inc (NYSE:XEL) CEO Benjamin G. S. Fowke III sold 104,796 shares of Xcel Energy stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $65.84, for a total transaction of $6,899,768.64. Following the sale, the chief executive officer now owns 461,531 shares of the company’s stock, valued at approximately $30,387,201.04. The sale was disclosed in a document filed with the SEC, which is available through this link.

NYSE:XEL opened at $65.03 on Friday. Xcel Energy Inc has a 52-week low of $46.58 and a 52-week high of $72.14. The stock has a fifty day simple moving average of $62.62 and a 200-day simple moving average of $63.62. Read more …