Monday, February 23, 2015

Recent buy: PX, PH, ABBV ...

The following buys are:

SymbolDescriptionAmount
ABBVABBVIE INC$500.00
BAXBAXTER INTERNATIONAL INC$200.00
EMREMERSON ELEC CO COM$200.00
JNJJOHNSON & JOHNSON$200.00
KOCOCA COLA CO$300.00
PHPARKER HANNIFIN CORP$1,150.00
PXPRAXAIR INC$1,300.00
UTXUNITED TECHNOLOGIES CORP$150.00

I will be adding CAT later this coming week as more funds arrive. The PRAXAIR buy was a recent decision I made over the weekend. The numbers are very nice:

22 year dividend increases (almost a dividend champion!)
Yield of 2.23% (not too shabby)
Recent year dividend increases of 8.3%, 9.1%, 10.0%, 11.1%, 12.5% (Chowder rule of 12.6 which is very nice)




The credit rating is very good at A. The earnings history is very impressive and consistent. The business does not seem as cyclical as the industrial sector purchases I made this week. The 2008 recession only saw a minor dip in earnings. The PE right now is attractively valued.

S&P fair value: $136.50
Morningstar fair value: $134.00
Today's value: $128.39

Jefferson Research rating:
Earnings ... STRONGEST
Cash flow ... STRONGEST
Efficiency ... STRONGEST
Balance ... STRONG
Valuation ... LOW RISK

From Fastgraphs, S&P, Morningstar, and Jefferson analysis I would say PX is fair value.

No comments:

Post a Comment