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Guru Stocks Raising Dividends: PPG, GE, AIT, ANCX, SON

April 24, 2011 | About:
gurujk

gurujk

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This is the group of companies who raised their dividend during the week: PPG Industries Inc., General Electric, Applied Industrial Tech., Access National Corp., and Sonoco Products Company.

PPG Industries Inc. (PPG)

PPG Industries, Inc. is comprised of three following basic business segments: coatings, glass and chemicals. PPG Industries Inc. has a market cap of $15.24 billion; its shares were traded at around $94.64 with a P/E ratio of 18.2 and P/S ratio of 1.1. The dividend yield of PPG Industries Inc. stocks is 2.4%. PPG Industries Inc. had an annual average earnings growth of 3.6% over the past 10 years. GuruFocus rated PPG Industries Inc. the business predictability rank of 2.5-star.

PPG Industries reported sales for the first quarter 2011 of $3.5 billion, an increase of 13 percent versus the prior year’s first quarter. Reported net income for the quarter increased to $228 million, or $1.40 per diluted share. First quarter 2010 sales were $3.1 billion, and reported net income was $30 million, or 18 cents per diluted share.

Richard Pzena, Dodge & Cox, and David Williams own shares of PPG stock.

Sr. VP, Optical & SpecMatls Richard C Elias bought shares of PPG stock.

Sr. VP & Gen. Counsel Glenn E Bost Ii, Sr. VP, Commodity Chemicals Michael H Mcgarry, and Director James G Berges sold shares of PPG stock.

General Electric (GE)

General Electric is one of the largest and most diversified industrial corporations in the world. General Electric has a market cap of $211.84 billion; its shares were traded at around $19.95 with a P/E ratio of 17.1 and P/S ratio of 1.4. The dividend yield of General Electric stocks is 2.9%. General Electric had an annual average earnings growth of 13.1% over the past 10 years.Articles from Gurufocus.com

General Electric Company released its first quarter 2011 earnings results. Total revenue in the quarter were up 6% year over year to $38.4 billion.

Mario Gabelli, Chris Davis, and Bruce Berkowitz own shares of GE stock.

Chairman and CEO Jeffrey R Immelt and Director Alan G Lafley bought shares of GE stock.

Applied Industrial Tech. (AIT)

Applied Industrial Technologies is one of North America's distributors of bearings, linear technologies, power transmission components, rubber products, specialty maintenance items and electrical/mechanical and fluid power products and systems to the MRO (maintenance and repair operations) and OEM (original equipment manufacturer) markets. Applied Industrial Tech. has a market cap of $1.46 billion; its shares were traded at around $34.28 with a P/E ratio of 17.1 and P/S ratio of 0.7. The dividend yield of Applied Industrial Tech. stocks is 2%. Applied Industrial Tech. had an annual average earnings growth of 17.1% over the past 10 years. GuruFocus rated Applied Industrial Tech. the business predictability rank of 3-star.Articles from Gurufocus.com

Applied Industrial Technologies reported third quarter fiscal 2011 sales and earnings for the three months ended March 31, 2011. Net sales for the third quarter increased 16.4% to $565,970,000 from $486,141,000 in the comparable period a year ago. Net income for the quarter increased 60.6% to $26,536,000 or $0.61 per share compared to $16,525,000 or $0.39 per share last year.

Joel Greenblatt bought 10,050 shares in the quarter that ended on 12/31/2010, which is 0.11% of the $306 million portfolio of Gotham Capital.

Kenneth Fisher owns shares of AIT stock.

VP-Communications & Learning Richard C Shaw, Director L Thomas Hiltz, and VP-CAO Michael L Coticchia sold shares of AIT stock.

Access National Corp. (ANCX)

Access National Corporation serves as the holding company for Access National Bank and its subsidiaries, Access National Mortgage Corporation and Access National Leasing Corporation. Access National Corp. has a market cap of $77.8 million; its shares were traded at around $7.5 with a P/E ratio of 10.5 and P/S ratio of 1.2. The dividend yield of Access National Corp. stocks is 1%. Access National Corp. had an annual average earnings growth of 6.2% over the past 10 years.Articles from Gurufocus.com

Access National Corporation reported fourth quarter net income of $2.2 million, a 10% increase over the $2.0 million recorded in the fourth quarter of 2009. Assets totaled $831.8 million at December 31, 2010 compared to $666.9, an increase of $164.9 million or 24.7%.

President, CEO Michael W Clarke, Director Thomas M Kody, and Director Martin S. Friedman sold shares of ANCX stock.

Sonoco Products Company (SON)

Sonoco is one of the world's largest manufacturers of packaging materials for industrial and consumer markets. Sonoco Products Company has a market cap of $3.48 billion; its shares were traded at around $34.74 with a P/E ratio of 14.9 and P/S ratio of 0.8. The dividend yield of Sonoco Products Company stocks is 3.3%. Sonoco Products Company had an annual average earnings growth of 3.3% over the past 10 years.Articles from Gurufocus.com

Sonoco reported its strongest ever first quarter sales and net income for the quarter that ended April 3, 2011. First quarter 2011 GAAP earnings per diluted share were $.56, up 17 percent, compared with $.48 in 2010. First quarter 2011 net sales of $1.12 billion were 19 percent higher than the $935 million in the first quarter of 2010.

Mario Gabelli, Julian Robertson, and Richard Aster Jr sold shares of SON stock.

CHAIRMAN, PRESIDENT & CEO Harris E Jr Deloach, VICE PRESIDENT & CFO Charles J Hupfer, and VP Global Rigid Paper & Closur R. Howard Coker sold shares of SON stock.


Rating: 2.3/5 (11 votes)

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