VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
Vaughan Nelson Investment Management is an investment management company based out of Houston, Texas. The company was founded in 1970 and is currently headed by CEO and CIO Christopher D. Wallis. Vaughan Nelson Investment Management operates as a subsidiary of Natixis Global Asset Management with a minor portion of company ownership being held by key executives. The company currently has 38 employees with 15 of them being investment professionals. Vaughan Nelson Investment Management conducts its research in house and utilizes a fundamental analysis and a bottom up investment approach. The company invests in the public equity and fixed income markets of the U.S. across all market caps, focusing on the growth and value stocks of companies. Vaughan Nelson Investment Management invests most heavily in the finance sector, which alone makes up almost a quarter of its total allocated assets, and the company also invests in the information technology, health care, consumer discretionary, industrials, and materials sectors, among others to a lesser degree, in order of decreasing allocation. The company currently has $10.7 billion in assets under management spread across 520 accounts, all of which are discretionary except for 21, making up approximately $800 milion of its held assets. Both its total number of accounts held and assets under management have been increasing in recent years with its total held accounts growing from under 300 five years ago and its total assets under management growing from $6.7 billion to its current amount. Vaughan Nelson Investment Management mainly caters to high net worth individuals, which alone makes up over a third of its client base, although it also caters to corporations, individuals, investment advisors, state or municipal entities, pooled investment vehicles, charities, and others, in order of decreasing clientele. The company currently offers its Select, Value Opportunity, Small Cap Value, Core Fixed Income and Intermediate Fixed income, Customized DUratino, Limited Maturity, and Tax-Free strategies.
As of the latest 13F report, the guru’s equity portfolio contained 209 stocks valued at a total of $7.41Bil. The top holdings were VRTX(3.28%), MSI(2.93%), and JNJ(2.92%).
According to GuruFocus data, these were VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.’s top five trades of the quarter.
McCormick & Co Inc
During the quarter, VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. bought 1,287,858 shares of NYSE:MKC for a total holding of 2,049,413. The trade had a 1.45% impact on the equity portfolio. During the quarter, the stock traded for an average price of $94.82.
On 07/23/2022, McCormick & Co Inc traded for a price of $84.11 per share and a market cap of $22.56Bil. The stock has returned 0.98% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, McCormick & Co Inc has a price-earnings ratio of 33.24, a price-book ratio of 4.89, a price-earnings-to-growth (PEG) ratio of 3.50, a EV-to-Ebitda ratio of 24.65 and a price-sales ratio of 3.59.
The price-to-GF Value ratio is 0.86, earning the stock a GF Value rank of 7.
Dollar General Corp
During the quarter, VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. bought 435,631 shares of NYSE:DG for a total holding of 855,226. The trade had a 1.44% impact on the equity portfolio. During the quarter, the stock traded for an average price of $233.26.
On 07/23/2022, Dollar General Corp traded for a price of $247.81 per share and a market cap of $56.25Bil. The stock has returned 10.71% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Dollar General Corp has a price-earnings ratio of 25.41, a price-book ratio of 9.44, a price-earnings-to-growth (PEG) ratio of 1.59, a EV-to-Ebitda ratio of 19.09 and a price-sales ratio of 1.67.
The price-to-GF Value ratio is 1.02, earning the stock a GF Value rank of 5.
Danaher Corp
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. reduced their investment in NYSE:DHR by 302,475 shares. The trade had a 1.01% impact on the equity portfolio. During the quarter, the stock traded for an average price of $260.33.
On 07/23/2022, Danaher Corp traded for a price of $273.84 per share and a market cap of $199.20Bil. The stock has returned -4.91% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Danaher Corp has a price-earnings ratio of 31.70, a price-book ratio of 4.53, a price-earnings-to-growth (PEG) ratio of 1.70, a EV-to-Ebitda ratio of 21.89 and a price-sales ratio of 6.65.
The price-to-GF Value ratio is 0.90, earning the stock a GF Value rank of 7.
Alphabet Inc
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. reduced their investment in NAS:GOOGL by 29,382 shares. The trade had a 0.93% impact on the equity portfolio. During the quarter, the stock traded for an average price of $118.07.
On 07/23/2022, Alphabet Inc traded for a price of $107.9 per share and a market cap of $1,423.93Bil. The stock has returned -15.98% over the past year.
GuruFocus gives the company a financial strength rating of 9 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Alphabet Inc has a price-earnings ratio of 19.51, a price-book ratio of 5.59, a price-earnings-to-growth (PEG) ratio of 0.73, a EV-to-Ebitda ratio of 12.94 and a price-sales ratio of 5.39.
The price-to-GF Value ratio is 0.79, earning the stock a GF Value rank of 2.
Church & Dwight Co Inc
The guru established a new position worth 511,130 shares in NYSE:CHD, giving the stock a 0.64% weight in the equity portfolio. Shares traded for an average price of $94.54 during the quarter.
On 07/23/2022, Church & Dwight Co Inc traded for a price of $94.06 per share and a market cap of $22.84Bil. The stock has returned 11.66% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Church & Dwight Co Inc has a price-earnings ratio of 28.84, a price-book ratio of 6.70, a price-earnings-to-growth (PEG) ratio of 2.67, a EV-to-Ebitda ratio of 19.56 and a price-sales ratio of 4.46.
The price-to-GF Value ratio is 0.97, earning the stock a GF Value rank of 5.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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