Latest news with #AndrewKaplowitz
Business Insider
15 hours ago
- Business
- Business Insider
Flowserve (FLS) Receives a Rating Update from a Top Analyst
In a report released on June 6, Andrew Kaplowitz from Citi maintained a Buy rating on Flowserve (FLS – Research Report). The company's shares closed last Friday at $48.87. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Kaplowitz is a top 25 analyst with an average return of 26.8% and a 72.63% success rate. Kaplowitz covers the Industrials sector, focusing on stocks such as Emerson Electric Company, Fluor, and Rockwell Automation. Currently, the analyst consensus on Flowserve is a Strong Buy with an average price target of $62.25, representing a 27.38% upside. In a report released on June 6, Stifel Nicolaus also maintained a Buy rating on the stock with a $59.00 price target.
Yahoo
21-04-2025
- Business
- Yahoo
How To Earn $500 A Month From 3M Stock Ahead Of Q1 Earnings
3M Company (NYSE:MMM) will release earnings results for the first quarter, before the opening bell on Tuesday, April 22. Analysts expect the company to report quarterly earnings at $1.77 per share, down from $2.39 per share in the year-ago period. 3M projects to report quarterly revenue at $5.73 billion, compared to $8 billion a year earlier, according to data from Benzinga Pro. On April 14, Citigroup analyst Andrew Kaplowitz maintained 3M with a Neutral rating and lowered the price target from $152 to $142. With the recent buzz around 3M, some investors may be eyeing potential gains from the company's dividends too. As of now, 3M offers an annual dividend yield of 2.24%. That's a quarterly dividend of 73 cents per share ($2.92 a year). So, how can investors exploit its dividend yield to pocket a regular $500 monthly? To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $267,582 or around 2,055 shares. For a more modest $100 per month or $1,200 per year, you would need $53,516 or around 411 shares. To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($2.92 in this case). So, $6,000 / $2.92 = 2,055 ($500 per month), and $1,200 / $2.92 = 411 shares ($100 per month). View more earnings on MMM Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time. How that works: The dividend yield is computed by dividing the annual dividend payment by the stock's current price. For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40). Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield. MMM Price Action: Shares of 3M fell 0.2% to close at $130.21 on More: Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? 3M (MMM): Free Stock Analysis Report This article How To Earn $500 A Month From 3M Stock Ahead Of Q1 Earnings originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
