Guru Stocks Raising Dividends: NFG, TGT, CAT, ROK
National Fuel Gas Co. (NFG)
National Fuel Gas Co. is engaged in the business of owning and holding securities issued by its subsidiary companies. National Fuel Gas Co. has a market cap of $5.55 billion; its shares were traded at around $67.16 with a P/E ratio of 25.83 and P/S ratio of 3.15. On June 9, the company increased its quarterly dividend 2.9% to $0.355 per share. This action marks the 109th year of uninterrupted dividend payments and the 41st consecutive year that National Fuel has increased its dividend. The yield based on the new payout is 2.1%.
National Fuel Gas Company reported net income available for common stock of $115.61 million, or $1.38 per diluted share, for the second quarter ended March 31, 2011, compared to $80.43 million, or $0.97 per diluted share, for the same quarter ended March 31, 2010.
Michael Price, John Keeley, and Mario Gabelli own shares of NFG stock.
Target Corp. (TGT)
Target Corporation operates large-format general merchandise and food discount stores in the United States, which include Target and SuperTarget stores. Target Corp. has a market cap of $32.37 billion; its shares were traded at around $46.7 with a P/E ratio of 11.39 and P/S ratio of 0.49. On June 8, the company increased its quarterly dividend 20% to $0.30 per share. The dividend is payable Sept. 10, 2011, to shareholders of record at the close of business Aug. 18, 2011. The third quarter dividend will be the company’s 176th consecutive dividend paid since October 1967 when the company became publicly held. The yield based on the new payout is 2.6%.
Target Corporation reported that its net retail sales for the four weeks ended May 28, 2011, were $4,799 million, an increase of 3.8 percent from $4.622 million for the four weeks ended May 29, 2010.
Whitney Tilson, Chris Davis, and Wallace Weitz own shares of TGT stock.
Caterpillar Inc. (CAT)
Caterpillar Inc. is the world's largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. Caterpillar Inc. has a market cap of $62.4 billion; its shares were traded at around $96.79 with a P/E ratio of 17.53 and P/S ratio of 1.47. On June 8, the company increased its quarterly dividend 4.5% to $0.46 per share. The dividend is payable Aug. 20, 2011, to stockholders of record at the close of business, July 20, 2011. The yield based on the new payout is 1.9%.
Ken Heebner, Kenneth Fisher, and Tom Gayner own shares of CAT stock. Director Jesse J. Greene Jr. and Director Miles D. White bought shares of CAT stock.
Vice President Bradley M. Halverson and Director John R. Brazil sold shares of CAT.
Rockwell Automation Inc. (ROK)
Rockwell Automation is a global provider of industrial automation power, control and information solutions that help customers meet their manufacturing productivity objectives. Rockwell Automation Inc. has a market cap of $11.28 billion; its shares were traded at around $78.16 with a P/E ratio of 19.94 and P/S ratio of 2.32. June 2, the company increased it quarterly dividend 21% to $0.425 cents per share of common stock, payable on Sept. 12, 2011, to shareholders of record at the close of business on Aug. 15, 2011. The yield based on the new payout is 2.1%.
Rockwell Automation Inc. reported fiscal 2011 second quarter revenue of $1.464.1 million, up 26 percent from $1.164.5 million in the second quarter of fiscal 2010. Fiscal 2011 second quarter net income and income from continuing operations was $166.4 million or $1.14 per share, compared to income from continuing operations of $111.9 million or $0.77 per share in the second quarter of fiscal 2010. Last year, second quarter net income was $137.0 million or $0.95 per share, including $25.1 million or $0.18 per share from discontinued operations.
Kenneth Fisher own shares of ROK stock.
Chairman, President and CEO Keith D. Nosbusch, Sr. VP and CFO Theodore D. Crandall, and Sr. Vice President Steven A. Eisenbrown sold shares of ROK stock.