|Symbol||Name||Price||% Yr Low||P/E||EPS||Div/Shr||Yield||Payout Ratio|
|THFF||First Financial Corp.||26.28||3.75%||15.19||1.73||0.90||3.42%||52%|
|XOM||Exxon Mobil Corp.||65.00||5.08%||16.34||3.98||1.68||2.58%||42%|
|CWT||California Water Service||35.88||7.14%||17.94||2.00||1.19||3.32%||60%|
|SRCE||1st Source Corp.||14.93||7.88%||18.90||0.79||0.60||4.02%||76%|
|AWR||American States Water Co.||32.16||8.06%||19.85||1.62||1.04||3.23%||64%|
|WTR||Aqua America, Inc.||17.12||11.24%||22.53||0.76||0.58||3.39%||76%|
|FPL||FPL Group, Inc.||46.37||11.79%||11.68||3.97||2.00||4.31%||50%|
|TMP||Tompkins Financial Corp.||35.86||11.89%||13.33||2.69||1.36||3.79%||51%|
|BRO||Brown & Brown, Inc.||16.78||12.24%||14.98||1.12||0.31||1.85%||28%|
|UMBF||UMB Financial Corporation||38.31||13.85%||17.41||2.20||0.74||1.93%||34%|
|WEYS||Weyco Group, Inc.||23.02||14.30%||23.02||1.00||0.60||2.61%||60%|
|WGL||WGL Holdings Inc||32.85||14.90%||14.60||2.25||1.47||4.47%||65%|
|WMT||Wal-Mart Stores, Inc.||54.07||15.04%||14.61||3.70||1.09||2.02%||29%|
|NTRS||Northern Trust Corp.||53.29||16.40%||16.71||3.19||1.12||2.10%||35%|
|NWN||Northwest Natural Gas Co.||43.99||16.65%||15.22||2.89||1.66||3.77%||57%|
|RBCAA||Republic Bancorp, Inc.||16.87||17.40%||8.35||2.02||0.53||3.14%||26%|
|SYBT||S.Y. Bancorp, Inc.||21.95||20.01%||15.79||1.39||0.68||3.10%||49%|
Watch List Summary
The best performer from last week's list is Weyco, which rose 3.7%. Overall performance of last week's list is a gain of 1.5%.
The worst performing stock is Monsanto, which fell 9.1%. We are considering Monsanto as a possible investment. After some diligent research, out team was able to uncover the fact that MON had increased the dividend every year since 1967. In 1999, Pharmacia & Upjohn bought MON which technically discontinued the dividend increases. However, in 2000 Pharmicia spun-off MON which allowed MON to start their dividend increases in 2001.
According to Morningstar, Monsanto has strong double digit return on equity and return assets of 15% and 11% respectively. Additionally, MON has a 3-year growth rate of earnings of 45%, which is exceptional considering the state of the economy over the same period. Among the top 9 wide moat companies in the Morningstar database, MON has the second lowest level of financial leverage at 1.71%.
One company that had been of particular interest was Northern Trust. Northern Trust has increased its dividend for over 20 years. As the stock approached getting within 10% of the low, we ramped up our research of the company. In fact, just before our research was being completed the stock price jumped from $50 to $54 in a matter days. A primary rule of thumb when investing is to never chase a rising stock price. At $53.29, we can only watch from the sidelines. NTRS is a top notch financial institution which would end up being the subject of a bidding war or an acquirer of a substantially undervalued asset.
Exxon Mobil, the largest company by market cap, has been within the 10% range for 6 consecutive weeks. As a sector, the water utilities are the most undervalued in our Dividend Achiever Watch List. A cursory examination and some patience may prove to be fruitful.
Disclosure: Long XOM, CWT, MON