Hasbro Inc. ( HAS ) is one of four companies that make the grade for the High Rank Value profit track. This stock picking strategy looks for companies with a high Zacks Rank that carry low valuations. Learn about this company and others.

Hasbro Inc. ( HAS ) delivered a 13.04% surprise in year-over-year second quarter earnings, which jumped to 26 cents per share, compared to 25 cents last year. In addition, the company enjoys a dividend yield of 2.81% and will pay a dividend of 20 cents on Nov 16. The Zacks #2 Rank company qualifies for this profit track with a P/E ratio of 14.91 and a P/B ratio of 2.87. HAS is a worldwide leader in children's and family leisure time and entertainment products and services. The company will release third quarter earnings on Oct 19, 2009.

First of Long Island Corp. ( FLIC ) is a one-bank holding company that qualifies for the High Rank Value profit track with a P/E ratio of 11.08 and a P/B ratio of 1.83. FLIC reported second quarter results of $1.07 per share, while the analysts were expecting the company to report earnings of 41 cents. Moreover, this Zacks #1 Rank sports a dividend yield of 2.91% and on Oct 9 will paid a quarterly cash dividend of 20 cents per share, to shareholders of record on Oct 2.

NSTAR ( NST ) provides regulated electric and gas utility services and has a Zacks #2 Rank and a P/E of 13.66. On top of that, NST enjoys a dividend yield of 4.79% and a P/B ratio of 1.79, which meets this screen?s parameters of a dividend yield greater than 2% and a P/B ratio of less than 3. In the second quarter, the company reported earnings of 53 cents, which exceeded analysts? expectations of 50 cents, comapred to last years? earnings of 47 cents.

The J. M. Smucker Company ( SJM ) is a Zacks #2 Rank company with some very attractive valuations, including a P/E multiple of 14.04 and a P/B multiple of 1.27. SJM delivered year-over-year first quarter results, with earnings that increased to 92 cents per share from 82 cents. The earnings also exceeded analysts? expectations, who were anticipating earnings of 81 cents. In addition, SJM has a dividend yield of 2.60% and on Sep 1 paid a dividend of 35 cents to shareholders of record on Aug 14. SJM is the leading marketer of jams, jellies, preserves, and other fruit spreads in the U.S.