The group of companies who raised their dividend during the week was PPG Industries (PPG, Financial), Duncan Energy Partners L.P. (DEP, Financial), Enterprise GP Holdings L.P. (EPD, Financial), and Goodrich Corporation (GR, Financial).
1. PPG Industries (PPG)
PPG Industries (PPG) , which manufactures and supplies protective and decorative coatings, increased its quarterly dividend by 1.9% to 54 cents per share. PPG Industries is a dividend aristocrat, which has raised distributions for 38 consecutive years in a row. The stock currently yields 3.40%. PPG Industries Inc. is comprised of three following basic business segments: coatings glass and chemicals. Areas in which resources have been focused are automotive original refinish industrial aerospace packaging and architectural coatings; flat glass automotive original and replacement glass aircraft transparencies continuous-strand fiber glass; and chlor-alkali and specialty chemicals. Ppg Industries Inc. has a market cap of $9.21 billion; its shares were traded at around $59.34 with a P/E ratio of 19.5 and P/S ratio of 0.6. The dividend yield of Ppg Industries Inc. stocks is 3.7%. Ppg Industries Inc. had an annual average earning growth of 0.8% over the past 10 years.
PPG Industries recently reported fiscal results for the third quarter 2009. The $1 billion third quarter sales decrease included a $229 million impact from a 2008 divestiture, and a $150 million impact from negative foreign currency translation. Selling prices were down about $150 million from last year’s third quarter, mainly as a result of lower commodity chemicals pricing.
HOTCHKIS & WILEY owns 4,525,955 shares as of 06/30/2009, an increase of 25.87% from the previous quarter. This position accounts for 1.71% of the $11.61 billion portfolio of HOTCHKIS & WILEY Capital Management LLC. Dodge & Cox owns 36,700 shares as of 06/30/2009, which accounts for less than 0.01% of the $66.88 billion portfolio of Dodge & Cox. Kenneth Fisher owns 6,572,803 shares as of 09/30/2009, which accounts for 1.28% of the $29.78 billion portfolio of Fisher Asset Management, LLC. David Williams owns 1,280,000 shares as of 09/30/2009, which accounts for 1.15% of the $6.48 billion portfolio of Columbia Value and Restructuring Fund. David Dreman owns 48,475 shares as of 06/30/2009, a decrease of 28.69% of from the previous quarter. This position accounts for 0.07% of the $3.12 billion portfolio of Dreman Value Management.
Sell:: Sr. VP, Finance & CFO on 08/03/2009 William H Hernandez sold 5,000 shares of PPG stock at the average price of 51.02 and 10,000 shares of PPG stock at the average price of 56.8, the price of the stock has increased by 4.47% since. Sell:: Sr. VP & Gen. Counsel on 09/11/2009 James C Diggs sold 3,600 shares of PPG stock at the average price of 57.28, the price of the stock has increased by 3.6% since.
2. Duncan Energy Partners L.P. (DEP )
Duncan Energy Partners L.P. (DEP ), which engages in gathering, transporting, marketing, and storing natural gas, as well as in transporting and storing natural gas liquids (NGLs) and petrochemicals in the United States, increased its quarterly dividend by 4.8% to 44 cents per unit. Duncan Energy Partners L.P. has raised distributions since 2007. The units currently yield 8.20%. DUNCAN ENERGY PARTNERS L.P. is a publicly traded energy partnership that provides midstream energy services including gathering transportation marketing and storage of natural gas in addition to transportation and storage of natural gas liquids and petrochemicals. DEP's assets which are located primarily in the Gulf Coast region of Texas and Louisiana include interests in more than 1000 miles of natural gas transmission pipelines. DEP owns approximately 66 percent of the equity interest in these assets with affiliates of Enterprise Products Partners L.P. owning the remaining 34 percent interest. Duncan Energy Partners L.p. has a market cap of $1.21 billion; its shares were traded at around $21.65 with a P/E ratio of 14.9 and P/S ratio of 0.8. The dividend yield of Duncan Energy Partners L.p. stocks is 8.2%.
Duncan Energy Partners L.P. reported fiscal results for the second quarter 2009. The partnership reported a 74 percent increase in net income attributable to Duncan Energy Partners of $23.2 million, or $0.40 per common unit on a fully diluted basis, for the second quarter of 2009 compared to $13.3 million, or $0.32 per common unit on a fully diluted basis, for the second quarter of 2008.
Buy:: Chairman, 10% Owner on 06/25/2009 Dan L Duncan bought 99,453 shares of DEP stock at the average price of 15.58 and 100,000 shares of DEP stock at the average price of 15.94, the price of the stock has increased by 35.82% since. Buy:: Director on 05/11/2009 Joe Havens bought 2,489 shares of DEP stock at the average price of 18.88 and sold 99,453 shares of DEP stock at the average price of 15.58, the price of the stock has increased by 14.67% since.
3. Enterprise GP Holdings L.P., (EPD)
Enterprise GP Holdings L.P., (EPD) , a midstream energy company, which provides services to producers and consumers of natural gas, natural gas liquids (NGL), crude oil, and petrochemicals in the continental United States, Canada, and Gulf of Mexico, raised its quarterly distributions to 51.5 cents/unit. This distribution represents a 13.2 percent increase from the $0.455 per unit distribution declared with respect to the third quarter of 2008. Enterprise GP Holdings L.P., is a dividend achiever, which has raised distributions since 2000. This MLP currently yields 7.40%. Enterprise Products Partners L.P. is a leading integrated provider of processing and transportation services to producers of Natural Gas Liquids (NGLs) and consumers of NGL products. The Company fractionates for a processing fee mixed NGLs produced as by-products of oil and natural gas production into their component products: ethane propane isobutane normal butane and natural gasoline; converts normal butane to isobutane through the process of isomerization; produces MTBE from isobutane and methanol; and transports NGL products to end users by pipeline and railcar. Enterprise Products Partners L.p. has a market cap of $13.76 billion; its shares were traded at around $29.87 with a P/E ratio of 16.9 and P/S ratio of 0.6. The dividend yield of Enterprise Products Partners L.p. stocks is 7.6%. Enterprise Products Partners L.p. had an annual average earning growth of 7.9% over the past 10 years.
Enterprise GP Holdings L.P. reported fiscal results for the second quarter 2009. For the second quarter of 2009, Enterprise reported gross operating margin of$509 million, operating income of $328 million and net income of $200 million.
Buy:: Chairman, 10% Owner on 09/29/2009 Dan L Duncan bought 5,940,594 shares of EPD stock at the average price of 25.25 and 19,500 shares of EPD stock at the average price of 28.38, the price of the stock has increased by 5.25% since.
4. Goodrich Corporation (GR)
Goodrich Corporation (GR) , which engages in the supply of aerospace components, systems, and services worldwide, increased its quarterly dividend by 8% to 27 cents per share. Goodrich Corporation has only raised distributions since 2007. The stock currently yields 1.90%. B.F. Goodrich Co.'s operations are classified into three business segments: BFGoodrich Aerospace BFGoodrich Engineered Industrial Products and BFGoodrich Performance Materials. The company's business is conducted on a global basis with manufacturing service and sales undertaken in various locations throughout the world. Goodrich Corp. has a market cap of $6.76 billion; its shares were traded at around $57.44 with a P/E ratio of 10.5 and P/S ratio of 1.1. The dividend yield of Goodrich Corp. stocks is 1.8%. Goodrich Corp. had an annual average earning growth of 27.8% over the past 5 years.
Andreas Halvorsen bought 1,090,200 shares in the quarter that ended on 06/30/2009, which is 0.95% of the $5.74 billion portfolio of Viking Global Investors LP. David Dreman bought 5,034 shares in the quarter that ended on 06/30/2009, which is 0.01% of the $3.12 billion portfolio of Dreman Value Management.
Goodrich Corporation announced financial results for the third quarter 2009. Goodrich reported third quarter 2009 net income of $145 million, or $1.14 per diluted share, on sales of$1,648 million. In the third quarter 2008, the company reported net income of $168 million, or $1.32 per diluted share, on sales of $1,772 million. Third quarter 2009 sales of $1,648 million decreased 7 percent compared to third quarter 2008 sales of $1,772 million.
PRIMECAP Management owns 69,000 shares as of 06/30/2009, an increase of 122.58% from the previous quarter. This position accounts for 0.01% of the $48.26 billion portfolio of PRIMECAP Management. Mark Hillman owns 375,387 shares as of 06/30/2009, which accounts for 5.08% of the $369 million portfolio of Hillman Capital Management. Michael Price owns 41,000 shares as of 06/30/2009, which accounts for 0.72% of the $285 million portfolio of MFP Investors LLC.
Sell:: Chairman, President and CEO on 08/24/2009 Marshall O Larsen sold 158,506 shares of GR stock at the average price of 57.24, the price of the stock has increased by 0.35% since. Sell:: Executive VP and CFO on 08/25/2009 Scott Ernest Kuechle sold 5,000 shares of GR stock at the average price of 57.43, the price of the stock has increased by 0.02% since. Sell:: VP & Segment President - on 08/27/2009 Cynthia M Egnotovich sold 7,028 shares of GR stock at the average price of 56.64, the price of the stock has increased by 1.41% since. Sell:: VP & Segment President - on 08/25/2009 John J Carmola sold 10,000 shares of GR stock at the average price of 56.99, the price of the stock has increased by 0.79% since. Sell:: Executive VP & General Counsel on 08/24/2009 Terrence G Linnert sold 20,000 shares of GR stock at the average price of 57.37, the price of the stock has increased by 0.12% since. Sell:: VP & Segment Pres -Electronics on 08/06/2009 Curtis C Reusser sold 10,596 shares of GR stock at the average price of 54.82, the price of the stock has increased by 4.78% since. Sell:: Executive Vice President on 06/09/2009 Gerald T Witowski sold 2,188 shares of GR stock at the average price of 53.39, the price of the stock has increased by 7.59% since.
1. PPG Industries (PPG)
PPG Industries (PPG) , which manufactures and supplies protective and decorative coatings, increased its quarterly dividend by 1.9% to 54 cents per share. PPG Industries is a dividend aristocrat, which has raised distributions for 38 consecutive years in a row. The stock currently yields 3.40%. PPG Industries Inc. is comprised of three following basic business segments: coatings glass and chemicals. Areas in which resources have been focused are automotive original refinish industrial aerospace packaging and architectural coatings; flat glass automotive original and replacement glass aircraft transparencies continuous-strand fiber glass; and chlor-alkali and specialty chemicals. Ppg Industries Inc. has a market cap of $9.21 billion; its shares were traded at around $59.34 with a P/E ratio of 19.5 and P/S ratio of 0.6. The dividend yield of Ppg Industries Inc. stocks is 3.7%. Ppg Industries Inc. had an annual average earning growth of 0.8% over the past 10 years.
PPG Industries recently reported fiscal results for the third quarter 2009. The $1 billion third quarter sales decrease included a $229 million impact from a 2008 divestiture, and a $150 million impact from negative foreign currency translation. Selling prices were down about $150 million from last year’s third quarter, mainly as a result of lower commodity chemicals pricing.
HOTCHKIS & WILEY owns 4,525,955 shares as of 06/30/2009, an increase of 25.87% from the previous quarter. This position accounts for 1.71% of the $11.61 billion portfolio of HOTCHKIS & WILEY Capital Management LLC. Dodge & Cox owns 36,700 shares as of 06/30/2009, which accounts for less than 0.01% of the $66.88 billion portfolio of Dodge & Cox. Kenneth Fisher owns 6,572,803 shares as of 09/30/2009, which accounts for 1.28% of the $29.78 billion portfolio of Fisher Asset Management, LLC. David Williams owns 1,280,000 shares as of 09/30/2009, which accounts for 1.15% of the $6.48 billion portfolio of Columbia Value and Restructuring Fund. David Dreman owns 48,475 shares as of 06/30/2009, a decrease of 28.69% of from the previous quarter. This position accounts for 0.07% of the $3.12 billion portfolio of Dreman Value Management.
Sell:: Sr. VP, Finance & CFO on 08/03/2009 William H Hernandez sold 5,000 shares of PPG stock at the average price of 51.02 and 10,000 shares of PPG stock at the average price of 56.8, the price of the stock has increased by 4.47% since. Sell:: Sr. VP & Gen. Counsel on 09/11/2009 James C Diggs sold 3,600 shares of PPG stock at the average price of 57.28, the price of the stock has increased by 3.6% since.
2. Duncan Energy Partners L.P. (DEP )
Duncan Energy Partners L.P. (DEP ), which engages in gathering, transporting, marketing, and storing natural gas, as well as in transporting and storing natural gas liquids (NGLs) and petrochemicals in the United States, increased its quarterly dividend by 4.8% to 44 cents per unit. Duncan Energy Partners L.P. has raised distributions since 2007. The units currently yield 8.20%. DUNCAN ENERGY PARTNERS L.P. is a publicly traded energy partnership that provides midstream energy services including gathering transportation marketing and storage of natural gas in addition to transportation and storage of natural gas liquids and petrochemicals. DEP's assets which are located primarily in the Gulf Coast region of Texas and Louisiana include interests in more than 1000 miles of natural gas transmission pipelines. DEP owns approximately 66 percent of the equity interest in these assets with affiliates of Enterprise Products Partners L.P. owning the remaining 34 percent interest. Duncan Energy Partners L.p. has a market cap of $1.21 billion; its shares were traded at around $21.65 with a P/E ratio of 14.9 and P/S ratio of 0.8. The dividend yield of Duncan Energy Partners L.p. stocks is 8.2%.
Duncan Energy Partners L.P. reported fiscal results for the second quarter 2009. The partnership reported a 74 percent increase in net income attributable to Duncan Energy Partners of $23.2 million, or $0.40 per common unit on a fully diluted basis, for the second quarter of 2009 compared to $13.3 million, or $0.32 per common unit on a fully diluted basis, for the second quarter of 2008.
Buy:: Chairman, 10% Owner on 06/25/2009 Dan L Duncan bought 99,453 shares of DEP stock at the average price of 15.58 and 100,000 shares of DEP stock at the average price of 15.94, the price of the stock has increased by 35.82% since. Buy:: Director on 05/11/2009 Joe Havens bought 2,489 shares of DEP stock at the average price of 18.88 and sold 99,453 shares of DEP stock at the average price of 15.58, the price of the stock has increased by 14.67% since.
3. Enterprise GP Holdings L.P., (EPD)
Enterprise GP Holdings L.P., (EPD) , a midstream energy company, which provides services to producers and consumers of natural gas, natural gas liquids (NGL), crude oil, and petrochemicals in the continental United States, Canada, and Gulf of Mexico, raised its quarterly distributions to 51.5 cents/unit. This distribution represents a 13.2 percent increase from the $0.455 per unit distribution declared with respect to the third quarter of 2008. Enterprise GP Holdings L.P., is a dividend achiever, which has raised distributions since 2000. This MLP currently yields 7.40%. Enterprise Products Partners L.P. is a leading integrated provider of processing and transportation services to producers of Natural Gas Liquids (NGLs) and consumers of NGL products. The Company fractionates for a processing fee mixed NGLs produced as by-products of oil and natural gas production into their component products: ethane propane isobutane normal butane and natural gasoline; converts normal butane to isobutane through the process of isomerization; produces MTBE from isobutane and methanol; and transports NGL products to end users by pipeline and railcar. Enterprise Products Partners L.p. has a market cap of $13.76 billion; its shares were traded at around $29.87 with a P/E ratio of 16.9 and P/S ratio of 0.6. The dividend yield of Enterprise Products Partners L.p. stocks is 7.6%. Enterprise Products Partners L.p. had an annual average earning growth of 7.9% over the past 10 years.
Enterprise GP Holdings L.P. reported fiscal results for the second quarter 2009. For the second quarter of 2009, Enterprise reported gross operating margin of$509 million, operating income of $328 million and net income of $200 million.
Buy:: Chairman, 10% Owner on 09/29/2009 Dan L Duncan bought 5,940,594 shares of EPD stock at the average price of 25.25 and 19,500 shares of EPD stock at the average price of 28.38, the price of the stock has increased by 5.25% since.
4. Goodrich Corporation (GR)
Goodrich Corporation (GR) , which engages in the supply of aerospace components, systems, and services worldwide, increased its quarterly dividend by 8% to 27 cents per share. Goodrich Corporation has only raised distributions since 2007. The stock currently yields 1.90%. B.F. Goodrich Co.'s operations are classified into three business segments: BFGoodrich Aerospace BFGoodrich Engineered Industrial Products and BFGoodrich Performance Materials. The company's business is conducted on a global basis with manufacturing service and sales undertaken in various locations throughout the world. Goodrich Corp. has a market cap of $6.76 billion; its shares were traded at around $57.44 with a P/E ratio of 10.5 and P/S ratio of 1.1. The dividend yield of Goodrich Corp. stocks is 1.8%. Goodrich Corp. had an annual average earning growth of 27.8% over the past 5 years.
Andreas Halvorsen bought 1,090,200 shares in the quarter that ended on 06/30/2009, which is 0.95% of the $5.74 billion portfolio of Viking Global Investors LP. David Dreman bought 5,034 shares in the quarter that ended on 06/30/2009, which is 0.01% of the $3.12 billion portfolio of Dreman Value Management.
Goodrich Corporation announced financial results for the third quarter 2009. Goodrich reported third quarter 2009 net income of $145 million, or $1.14 per diluted share, on sales of$1,648 million. In the third quarter 2008, the company reported net income of $168 million, or $1.32 per diluted share, on sales of $1,772 million. Third quarter 2009 sales of $1,648 million decreased 7 percent compared to third quarter 2008 sales of $1,772 million.
PRIMECAP Management owns 69,000 shares as of 06/30/2009, an increase of 122.58% from the previous quarter. This position accounts for 0.01% of the $48.26 billion portfolio of PRIMECAP Management. Mark Hillman owns 375,387 shares as of 06/30/2009, which accounts for 5.08% of the $369 million portfolio of Hillman Capital Management. Michael Price owns 41,000 shares as of 06/30/2009, which accounts for 0.72% of the $285 million portfolio of MFP Investors LLC.
Sell:: Chairman, President and CEO on 08/24/2009 Marshall O Larsen sold 158,506 shares of GR stock at the average price of 57.24, the price of the stock has increased by 0.35% since. Sell:: Executive VP and CFO on 08/25/2009 Scott Ernest Kuechle sold 5,000 shares of GR stock at the average price of 57.43, the price of the stock has increased by 0.02% since. Sell:: VP & Segment President - on 08/27/2009 Cynthia M Egnotovich sold 7,028 shares of GR stock at the average price of 56.64, the price of the stock has increased by 1.41% since. Sell:: VP & Segment President - on 08/25/2009 John J Carmola sold 10,000 shares of GR stock at the average price of 56.99, the price of the stock has increased by 0.79% since. Sell:: Executive VP & General Counsel on 08/24/2009 Terrence G Linnert sold 20,000 shares of GR stock at the average price of 57.37, the price of the stock has increased by 0.12% since. Sell:: VP & Segment Pres -Electronics on 08/06/2009 Curtis C Reusser sold 10,596 shares of GR stock at the average price of 54.82, the price of the stock has increased by 4.78% since. Sell:: Executive Vice President on 06/09/2009 Gerald T Witowski sold 2,188 shares of GR stock at the average price of 53.39, the price of the stock has increased by 7.59% since.
