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This article reviews 5 dividend paying, under the radar scientific companies, to see if any of them could be a good fit in your portfolio.

Kewaunee Scientific Corporation (KEQU) KEQU has a market cap of $22.44 million with a price to earnings ratio of 18.09. The stock has traded in a 52 week range between $8.01 and $14.25. The stock is currently trading around $9. The company reported first quarter revenues for the period ending on July 31st, in the amount of $26.3 million, compared to revenues of $24.9 million in the first quarter of 2010. First quarter net income was $33 thousand compared to net income of $657 million in the first quarter of 2010.

One of KEQU competitors is Hermann Miller Inc. (MLHR). MLHR is currently trading around $20 with a market cap of $1.17 billion and a price to earnings ratio of 15.96. MLHR pays a dividend with a 0.4% yield versus KEQU whose dividend yields 4.5%.

KEQU has realized a considerable reduction in earnings in each of the last two years. Since 2009, the company’s net income has dropped by 129%. In 2011, revenues were down by 9%, and net income was down by 92.9%. These earnings decreases lead me to believe that the company’s 2009 earnings, were an aberration and unsustainable. Perhaps investors have come to the same conclusion that I have because the stock price is down by 20.48% over the last 52 weeks.

KEQU can be given credit for being a good dividend paying company, as it has paid quarterly dividends since 1997, and currently pays a $0.40 dividend with a 4.5% yield. KEQU is a company with steadily declining earnings and a declining stock price. It appears that the dividend income will not be enough to offset the capital losses. I rate KEQU as a sell.

Cognex Corporation (CGNX): CGNX has a market cap of $1.32 billion with a price to earnings ratio of 18.57. The company has traded in a 52 week range between $24.61 and $37.49. The stock is currently trading around $31. The company reported second quarter revenues of $83.4 million compared to revenues of $71.8 million in the second quarter of 2010. Second quarter net income was $19.1 million compared to net income of $14.9 million in the second quarter of 2010.

One of CGNX’s competitors is Orbotech Ltd. (ORBK) ORBK is currently trading around $10 with a market cap of $436.6 million and a price to earnings ratio of 7.4. ORBK pays no dividend versus CGNX whose dividend yields 1.1%.

CGNX designs and manufactures machine vision systems. In 2010, the company made an incredible turnaround, going from a net income of $-4.87 million in 2009, to a record net income of $61.4 million in 2010. The second quarter of 2011 showed that the earnings growth has slowed, however the stock has still continued to perform quite well. The stock price has risen by 15.6% over the last 52 weeks and 111% over the last three years. The stock has been hot lately and rose by 12% from 9/21 to 10/21.

I believe that CGNX will continue to grow earnings and that the stock will perform well. The stock has recently gotten quite a pop so I would be careful about buying the stock right now. However, I rate the stock as a long term buy.

Analogic Corporation (ALOG): ALOG has a market cap of $646.18 million with a price to earnings ratio of 36.15. The stock has traded in a 52 week range between $42.90 and $58.96. The stock is currently trading around $52. The company reported fourth quarter revenues for the period ending on July 31st, in the amount of $135 million, compared to revenues of $118 million in the fourth quarter of 2010. Fourth quarter net income was $5.62 million compared to net income of $7.07 million in the second quarter of 2010.

One of ALOG’s competitors is Analog Devices Inc. (ADI). ADI is currently trading around $34 with a market cap of $10.22 billion and a price to earnings ratio of 11.57. ADI pays a dividend with a 2.9% dividend yield versus ALOG whose dividend yields 0.8%.

ALOG sells medical imaging and security systems. The company’s medical imaging business has seen rapid growth and in the last quarter provided 66% of the company’s revenues. Over the last three years, the company has done an admirable job of increasing earnings. Net income increased from $3.7 million in the 2009 fiscal year to $16.6 million in the 2011fiscal year. On September 20th, the stock price rose by 9.2% after ALOG reported earnings that handily beat analyst estimates. The stock price is up by 12.73% over the last 52 weeks. ALOG is in an upward trend, and I expect that the stock will continue to perform well. I rate ALOG as a buy.

Roper Industries Inc. (ROP): ROP has a market cap of $7.4 billion with a price to earnings ratio of 19.44. The stock has traded in a 52 week range between $64.90 and $88.76. The stock is currently trading around $77. The company reported second quarter revenues of $700 million compared to revenues of $567 million in the second quarter of 2010. Second quarter net income was $106 million compared to revenues of $71.3 million in the second quarter of 2010.

One of ROP competitors is Agilent Technologies Inc. (A). A is currently trading around $77 with a market cap of $12.13 billion and a price to earnings ratio of 12.18. A pays no dividend versus ROP whose dividend yield is 0.6%.

ROP has been profitable in each of the last ten years, and in 2010 it increased its net income by 35% to $323 million from $239 million in 2009. In the second quarter, the company increased its revenues by 23% and net income by 49%. The stock has performed adequately and is up by 10.3% over the last 52 weeks. The company pays a meager $0.44 dividend with a 0.6% yield. The company’s second quarter earnings were quite good, but other than that the company shows me very little to be positive about. There is no reason to rush into this stock and I would wait to see the third quarter earnings report before making a recommendation. I rate ROP as a hold.

Cubic Corporation (CUB): CUB has a market cap of $1.17 billion with a price to earnings ratio of 15.83. The stock is trading in a 52 week range between $36.71 and $58.33. The stock is currently trading around $44. The company reported second quarter revenues of $320 million compared to revenues of $331 million in the second quarter of 2010. Second quarter net income was $20.8 million compared to net income of $22.7 million in the second quarter of 2010.

One of CUB’s competitors is the Lockheed Martin Corporation (LMT). LMT is currently trading around $77 with a market cap of $25.54 billion and a price to earnings ratio of 9.6. LMT pays a dividend with a 5.3% yield versus CUB whose dividend yields 0.4%.

CUB manufactures electronic products for the defense industry, and fare collection machines for public transportation companies.

2010 sales: $1,194 million - 17 percent increase over 2009 sales
2009 sales: $1,016 million - 15 percent increase over 2008 sales
2008 sales: $881 million

However, in the second quarter its revenues decreased by 3% and its net income decreased by 9%. Cubic has been paying a dividend since 1971. Over the last 52 weeks, the stock price has barely changed. With the federal government and municipal government agencies cutting spend I doubt if CUB will see any significant near term earnings growth. I rate CUB as a hold.

Source: 2 Big Yield Science Stocks To Buy, 3 To Avoid