10 Ex-Dividend Stocks With Buy Ratings

NEW YORK ( TheStreet) -- The following stocks go ex-dividend Wednesday, meaning an investor must purchase the shares Tuesday to qualify for the next dividend payment: Exxon Mobil ( XOM), Boeing ( BA), J.M. Smucker ( SJM), American Electric Power ( AEP), Altera ( ALTR), CMS Energy ( CMS), Olin ( OLN), Parker Hannifin ( PH), Spectra Energy ( SE) and Techne ( TECH).

Each of these stocks received a buy rating from TheStreet Ratings.

See the complete Dividend Calendar.

Exxon Mobil

"XOM is the largest gas producer in the US and low gas prices could depress thestock in the near term," Oppenheimer analysts wrote in a Feb. 2 report. "XOM does not expect to curtail US gas production, but is shifting its onshore spending, excluding drilling to hold leases, away from dry gas to liquids-rich plays."

Forward Annual Dividend Yield:2.2%

Rated "B+ (Buy)" by TheStreet Ratings: Exxon Mobil has a $103 price target from TheStreet Ratings. The stock closed Monday at $85.75 and has risen 1.17% year to date.

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Boeing

The aerospace and defense company ordered inspections of all of its 787 Dreamliners because of a manufacturing error.

"On Feb 2, Boeing also posted on its website its January Commercial Aircraft deliveries," Jefferies analysts wrote in a report on Friday. "The total of 38 vs. our 132 estimate for the quarter might seem low, but January is always sluggish relative to the quarter and the year. For example, there were only five B777s delivered in the month vs a production rate of seven per month.The lag has more to do with the calendar than anything. Production rates for the plane are in good order and the rate on the 737 is also in good shape."

Forward Annual Dividend Yield: 2.3%

Rated "A- (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margins decreased from the previous year.

Boeing has very weak liquidity. Its Quick Ratio is 0.43, which demonstrates that the company has a lack of ability to meet its short-term cash needs.

In the fourth quarter, stockholders' net worth increased 27.07% from the prior year.

TheStreet Ratings' price target is $86.88. The stock closed Monday at $75.46. The stock has risen 2.88% year to date.


J.M. Smucker

The food products company is scheduled to report third-quarter earnings on Feb. 16. Analysts, on average, anticipate earnings of $1.41 a share on $1.54 billion in revenue.

"As noted in our "Year Ahead" report, we designated Smucker as our top pick for2012 due to: (1) broad market share gains, (2) compelling coffee category dynamics, (3) restructuring savings, (4) FCF acceleration and (5) attractive valuation," Deutsche Bank analysts wrote in a Feb. 1 report. "The recent 5 mil share buyback auth. only reinforces our view."

Forward Annual Dividend Yield: 2.4%

Rated "A+ (Buy)" by TheStreet Ratings: The company's second-quarter gross profit margin decreased from the previous year.

Smucker has strong liquidity. Its Quick Ratio is 1.76, which demonstrates the company's ability to meet its short-term cash needs.

In the second quarter, stockholders' net worth decreased 2.55% from the prior year.

TheStreet Ratings' price target is $100.31. The stock closed Monday at $79.52 and has increased 1.73% year to date.

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American Electric Power

The electricity utility started operating the Dresden natural gas-fired power plant last week.

"According to an article in Platt's Electric Power Daily, AEP is looking to sell/transfer the Mitchell plant (~1560MW of scrubbed baseload coal located in WV) from its Ohio Power subsidiary to Kentucky Power (which would own 20%) and Appalachian Power (80%)," Deutsche Bank analysts wrote in a Feb. 1 report. "AEP had previously indicated it would look to contract or even potentially sell some of Ohio Power's generation assets, given that Ohio Power's generation is no longer regulated under the recently-approved Electric Security Plan (ESP). We believe any transaction would require FERC approval and approval by the Kentucky PSC, West Virginia PSC, and Virginia SCC. We also believe investors will view a sale favorably, given concerns about AEP's expected unregulated generation exposure starting in 2015 (particularly in light of current forward power prices)."

Forward Annual Dividend Yield: 4.7%

Rated "A- (Buy)" by TheStreet Ratings: American Electric Power has a $45.70 price target from TheStreet Ratings.

The stock closed Monday at $39.61; it has dropped 4.12% year to date.


Altera

The semicondcutor company is scheduled to report first-quarter results on March 8. Analysts, on average, anticipate earnings of 37 cents a share on revenue of $427.88 million.

"The disconnect between XLNX positive and ALTR negative most likely on higher concentration of Asia comms exposure and military program timing for ALTR," Credit Suisse analysts wrote in a Jan. 25 report. "We would need to see signs of comm infrastructure capex reaccelerating, more visibility on the RATE of ASIC replacement, and/or valuation which moderates from current 63% premium to the SOX to a moreinline 3 year premium of 21.1% in order to become more aggressive on this space."

Forward Annual Dividend Yield: 0.8%

Rated "A- (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margins were basically the same from the previous year.

Altera is extremely liquid. Its Quick Ratio is 3.61, which demonstrates an ability to meet its short-term cash needs.

In the fourth quarter, stockholders' net worth increased 28.84% from the prior year.

TheStreet Ratings' price target is $50.60. The stock closed Monday at $40.32 and has increased 8.68% year to date.

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CMS Energy

The Michigan energy company is scheduled to report its fourth-quarter results on Feb. 23. Analysts, on average, expect earnings of 15 cents a share on revenue of $2.03 billion.

"CMS trades at a 4% discount to its regulated peer group," Bank of America Merrill Lynch analysts wrote in a Jan. 29 report. "We believe this discount should go away given its quality regulated earnings, healthy yield, and above average earnings and dividend growth rate."

Forward Annual Dividend Yield:4.4%

Rated "A- (Buy)" by TheStreet Ratings: The company's third-quarter gross profit margin was basically the same as the previous year.

CMS has weak liquidity. Its Quick Ratio is 0.64, which demonstrates a lack of ability to meet its short-term cash needs.

In the third quarter, stockholders' net worth increased 7.71% from the prior year.

TheStreet Ratings' price target is $26.21. The stock closed Monday at $21.80. It has dropped 1.27% year to date.


Olin

The alkali products company reported last month fourth-quarter earnings of $18.7 million, or 23 cents a share, an increase from year-earlier earnings of $2 million, or 2 cents.

"Although OLN continues to enjoy a cost advantage due to a steep global chlor-alkali cost curve, we see rising freight costs as a risk given that ECU (chlorine + caustic) pricing could stagnate," Bank of America Merrill Lynch analysts wrote in a Jan. 31 report.

Forward Annual Dividend Yield: 3.5%

Rated "A- (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin increased from the previous year.

Olin has average liquidity. Its Quick Ratio is 1.36, which demonstrates it can technically meet its short-term cash needs.

In the fourth quarter, stockholders' net worth increased 19.01% from the prior year.

TheStreet Ratings' price target is $25.91. The stock closed Monday at $22.67. The stock has increased 15.37% year to date.

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Parker Hannifin

The industrial company announced it acquired Camfil Farr's railroad filtration business on Feb. 1.

"PH reported EPS of $1.56, lower than our expectation of $1.65 and consensusof $1.62," Jefferies analysts wrote in a Jan. 23 report. "Segment margins were a bit lower than expected and contributed $0.07 to the miss. F2012 guidance was decreased $0.45 at the mid-pt to $6.90- $7.30 from the previous forecast of $7.25-$7.85 and consensus of $7.41. All in, PH has now lowered the bar and we believe future earnings adjustments are more likely to be up than down."

Forward Annual Dividend Yield: 1.8%

Rated "B (Buy)" by TheStreet Ratings: The company's second-quarter gross profit margin decreased from the previous year.

Parker Hannifin has average liquidity. Its Quick Ratio is 1.09, which demonstrates it can technically meet its short-term cash needs.

In the second quarter, stockholders' net worth was unchanged from the prior year.

TheStreet Ratings' price target is $95.30. The stock closed Monday at $86.68 and has risen 13.68% year to date.


Spectra Energy

The natural gas company reported last week fourth-quarter earnings of $289 million, or 44 cents a share, a decreased from earnings last year of $320 million, or 49 cents.

"Management reiterated its 2012 EPS guidance of $1.90, slightly below theconsensus estimate of $1.91 and BofAML estimate of $1.95," Bank of America Merrill Lynch analysts wrote in a report on Feb. 2. "2012 EPS guidance is supported by $125mn of increment EBIT from expansion projects in UST and WCTP segments. We expect incremental equity earnings at Field services of $106mn, broadly in-line with guidance. SE also reiterated plans to invest $1.3bn of expansion capital in 2012, which does not include $4bn of growth capex in 2012/13 from SE's 50/50 joint venture (JV) with ConocoPhillips (COP) at Field Services."

Forward Annual Dividend Yield: 3.7%

Rated "B+ (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin decreased greatly from the previous year.

In the fourth quarter, stockholders' net worth increased 13.47% from the prior year.

TheStreet Ratings' price target is $39.04. The stock closed Monday at $30.75. The stock is flat year to date.

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Techne

The biotechnology product company reported last month second-quarter earnings of $25.8 million, or 70 cents a share, down from year-earlier earnings of $26.5 million, or 72 cents.

"If industry conditions were to begin showing signs of firming or the stock were to pullback appreciably, we would consider revisiting our rating on this extremely well run business with an extraordinary financial model," Craig-Hallum analysts wrote in a Feb. 1 report.

Forward Annual Dividend Yield: 1.7%

Rated "B (Buy)" by TheStreet Ratings: The company's second-quarter gross profit margin decreased from the prior year.

Techne is extremely liquid. Its Quick Ratio is 12.20, which shows it can meet its short-term cash needs.

In the second quarter, stockholders' net worth increased 10.25% from the previous year.

TheStreet Ratings' price target is $78.71. The stock closed Monday at $66.13. It has decreased 3.12% year to date.

>>To see these stocks in action, visit the 10 Ex-Dividend Stocks With Buy Ratings portfolio on Stockpickr.

-- Written by Alexandra Zendrian

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