Guru Stocks Raising Dividends: Diebold Inc., Dover Corp., Northwest Natural Gas Company, Genuine Parts Company, the Procter & Gamble Company.

Guru Stocks Raising Dividends: DBD, DOV, NWN, GPC, PG

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Feb 22, 2010
This is the group of companies who raised their dividend during the week: Diebold Inc. (DBD, Financial), Dover Corp. (DOV, Financial), Northwest Natural Gas Company (NWN, Financial), Genuine Parts Company (GPC, Financial), The Procter & Gamble Company (PG, Financial).

Diebold Inc. (DBD)

Diebold Incorporated develops, manufactures, sells and services automated teller machines, electronic and physical security systems, various products used to equip bank facilities, software and integrated systems for global financial and commercial markets. The company recently boosted its dividend for the 57th year in a row.

Diebold Inc. has a market cap of $1.97 billion; its shares were traded at around $29.69 with a P/E ratio of 19 and P/S ratio of 0.7. The dividend yield of Diebold Inc. stocks is 3.5%.

Diebold, Incorporated reported fourth quarter 2009 income from continuing operations attributable to Diebold, net of tax, of $7.9 million, or $0.12 per share. Total revenue for the fourth quarter 2009 was down 8%, including a net positive currency impact of 6%.

Sells were made by VP,CorpDev & Finance Robert J Warren, VP, Security Division Bradley J Stephenson, VP,CorpDev & Finance Robert J Warren, and John D Kristoff.

Dover Corp. (DOV)

Dover Corporation is a world-wide, diversified manufacturer of industrial products. Dover has raised its payout for 54 consecutive years.

Dover Corp. has a market cap of $8.58 billion; its shares were traded at around $46.08 with a P/E ratio of 21.8 and P/S ratio of 1.4. The dividend yield of Dover Corp. stocks is 2.3%. Dover Corp. had an annual average earning growth of 5.1% over the past 10 years..

Dover Corporation announced that for the fourth quarter ended December 31, 2008, it had earnings from continuing operations of $169.6 million or $0.91 diluted earnings per share, compared to $175.1 million or $0.89 EPS from continuing operations in the prior-year period. Revenue from continuing operations for the fourth quarter of 2008 was $1.73 billion, a decrease of 8% over the prior year period.

George Soros bought 8,000 shares in the quarter that ended on 12/31/2009, which is less than 0.01% of the $6.95 billion portfolio of Soros Fund Management LLC. Kenneth Fisher owns 7,549,602 shares as of 12/31/2009, which accounts for 1% of the $31.32 billion portfolio of Fisher Asset Management, LLC.

Sells were made by Controller Raymond T Mckay and Vice President Loan David Van

Northwest Natural Gas Company (NWN)

NW Natural is principally engaged in the distribution of natural gas. This utility company has increased dividends for 54 years in a row.

Northwest Natural Gas Company has a market cap of $1.17 billion; its shares were traded at around $44.23 with a P/E ratio of 15.2 and P/S ratio of 1.1. The dividend yield of Northwest Natural Gas Company stocks is 3.8%. Northwest Natural Gas Company had an annual average earning growth of 3.2% over the past 10 years. GuruFocus rated Northwest Natural Gas Company the business predictability rank of 3.5-star. The company operates in two segments, Local Gas Distribution and Gas Storage.

Kenneth Fisher owns 304,260 shares as of 12/31/2009, which accounts for 0.04% of the $31.32 billion portfolio of Fisher Asset Management, LLC.

Northwest Natural Gas Company reported that results of operations for the third quarter ended Sept. 30, 2009, produced a seasonal net loss of $6.7 million, or 25 cents per share, compared to a net loss of $10.1 million, or 38 cents per share, in the same quarter of 2008.

President & CEO Gregg S Kantor and SVP & CFO David Hugo Anderson recently bought the company’s stock.

Director Mark S Dodson, VP C. Alex Miller, and VP Grant M Yoshihara recently sold the company’s stock.

Genuine Parts Company (GPC)

GENUINE PARTS COMPANY is a distributor of automotive replacement parts. The company has consistently boosted dividends for 53 years in a row.

Genuine Parts Company has a market cap of $6.55 billion; its shares were traded at around $41.03 with a P/E ratio of 17 and P/S ratio of 0.6. The dividend yield of Genuine Parts Company stocks is 3.9%. Genuine Parts Company had an annual average earning growth of 4.7% over the past 10 years.

Genuine Parts Co. saw its profits rise in the fourth quarter and sales sales improvements across its business lines, suggesting better economic expectations for the 2010. For the full year, the company reported profit of $399.5 million, or $2.50 per share, compared with $475.4 million, or $2.92 per share. Sales for the year fell to $10 billion from $11 billion.

Tweedy Browne owns 928,152 shares as of 12/31/2009, an increase of 1924.32% from the previous quarter. This position accounts for 1.27% of the $2.77 billion portfolio of Tweedy Browne CO LLC. Brian Rogers owns 1,973,200 shares as of 12/31/2009, which accounts for 0.44% of the $16.42 billion portfolio of T Rowe Price Equity Income Fund. Richard Aster Jr owns 10,185 shares as of 12/31/2009, which accounts for 0.02% of the $2.31 billion portfolio of Meridian Fund. Dodge & Cox owns 205,882 shares as of 12/31/2009, a decrease of 38.52% of from the previous quarter. This position accounts for 0.01% of the $80.27 billion portfolio of Dodge & Cox.

The Procter & Gamble Company (PG)

The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. The company has increased dividends for 53 years in a row.

The Procter & Gamble Company has a market cap of $185.38 billion; its shares were traded at around $63.45 with a P/E ratio of 17.1 and P/S ratio of 2.3. The dividend yield of The Procter & Gamble Company stocks is 2.8%. The Procter & Gamble Company had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated The Procter & Gamble Company the business predictability rank of 5-star.

Global Cust. Bus. Dev. Officer Robert L. Jr. Fregolle, Comptroller Valarie L Sheppard, Vice Chairman-Global Beauty Edward D Shirley, Global Product Supply Officer R Keith Harrison, and Chief Technology Officer Bruce Brown sold the company’s stock.