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Technology & Industrial Dividend Growth Companies 3-13-15

Technology & Industrial Dividend Growth Companies 3-13-15

The Q1-15 dividend is used for yield calculations. This is another sector where the fiscal and calendar years are not in sync. ACN pays dividends only twice per year - and that quirk is accounted for in the yield calculation and the dividend/EPS ratio. The change in the price, price + dividend, 2015 EPS projection and target is the change since market's close of 12-31-14. APH has had a stock split that is not reflected in the numbers below. CSCO has declared an dividend increase to $0.21/quarter in Q2-15. QCOM has declared an dividend increase to $0.48/quarter in Q2-15.


    12-31-14 Current Dividend Q1-15 Div/EPS Percent Change
The_Company_Name_&_Ticker   Price Price /Quarter Yield Ratio Price Pr+Div 15 EPS Target Div 1Yr Div 3Yr

Accenture PLC ACN 89.31 87.87 1.020 2.32 43% -1.61 -1.61 -0.21 0.37 9.68 17.04
Analog Devices, Inc. ADI 55.52 57.53 0.370 2.57 51% 3.62 4.29 2.83 8.58 0.00 7.78
Amphenol Corporation APH 107.62 115.90 0.250 0.86 20% 7.69 7.93 0.00 8.52 25.00 46.03
Apple Inc. AAPL 110.38 123.59 0.470 1.52 22% 11.97 12.39 10.81 12.76 7.87 Infinity
Applied Materials, Inc. AMAT 24.92 24.24 0.100 1.65 32% -2.73 -2.33 -3.10 3.18 0.00 8.33
Automatic Data Processing ADP 83.37 85.88 0.490 2.28 67% 3.01 3.01 0.00 6.36 2.08 8.02
Broadcom Corp. BRCM 43.33 44.27 0.140 1.26 20% 2.17 2.49 -15.96 2.72 16.67 13.33
Cisco Systems, Inc. CSCO 27.82 27.94 0.190 2.72 35% 0.43 1.11 0.93 9.85 11.76 45.83
International Business Machines IBM 160.44 154.28 1.100 2.85 28% -3.84 -3.15 -5.05 -6.06 15.79 15.56
Intel Corporation INTC 36.29 30.93 0.240 3.10 40% -14.77 -14.11 0.42 0.28 6.67 4.76
Microchip Technology Inc. MCHP 45.11 49.52 0.357 2.88 54% 9.78 10.57 1.92 9.01 0.56 0.76
MicroSoft Corporation MSFT 46.45 41.38 0.310 3.00 52% -10.91 -10.25 -10.11 -4.07 10.71 18.33
Maxim Integrated Products, Inc. MXIM 31.87 35.25 0.280 3.18 76% 10.61 11.48 3.50 16.30 7.69 9.09
National Instruments Corporation NATI 31.09 31.38 0.190 2.42 73% 0.93 1.54 -7.14 1.43 26.67 11.90
Oracle Corporation ORCL 44.97 42.38 0.120 1.13 16% -5.76 -5.49 0.00 1.68 0.00 33.33
QUALCOMM Incorporated QCOM 74.33 68.64 0.420 2.45 34% -7.66 -7.66 -3.84 -4.71 20.00 22.67
TE Connectivity Ltd. TEL 63.25 71.04 0.290 1.63 27% 12.32 12.77 0.00 11.07 16.00 20.37
Texas Instruments Inc. TXN 53.47 57.12 0.340 2.38 47% 6.83 7.46 0.69 10.54 13.33 33.33
Seagate Technology STX 66.50 53.76 0.540 4.02 44% -19.16 -18.35 -6.13 -2.21 25.58 38.67

Technology Average       2.33 41% 0.15 0.64 -1.60 4.51 11.37

    12-31-14 Current Dividend Q1-15 Div/EPS Percent Change
Company   Price Price /Quarter Yield Ratio Price Pr+Div 15 EPS Target Div 1Yr Div 3Yr

The Boeing Company BA 129.98 151.57 0.910 2.40 43% 16.61 17.31 -1.05 6.38 24.66 35.61
Caterpillar Inc. CAT 91.53 79.23 0.700 3.53 59% -13.44 -12.67 -29.04 -20.80 16.67 17.39
Deere & Company DE 88.47 89.49 0.600 2.68 45% 1.15 1.83 -3.08 1.67 17.65 10.14
E. I. du Pont de Nemours & Co. DD 73.94 80.50 0.470 2.34 46% 8.87 9.51 1.48 5.97 4.44 4.88
Danaher Corp. DHR 85.71 85.20 0.100 0.47 9% -0.60 -0.48 3.83 1.99 0.00 100.00
Emerson Electric Co. EMR 61.73 55.26 0.470 3.40 49% -10.48 -9.72 -11.63 -6.89 9.30 5.83
Eaton Corporation ETN 67.96 66.64 0.490 2.94 40% -1.94 -1.94 -2.39 1.61 0.00 9.65
General Dynamics Corp. GD 137.62 132.19 0.620 1.88 30% -3.95 -3.50 -0.12 6.90 10.71 10.64
General Electric Company GE 25.27 25.04 0.230 3.67 53% -0.91 0.00 -1.70 -1.11 4.55 11.76
Honeywell International Inc. HON 99.92 101.17 0.517 2.05 34% 1.25 1.77 0.00 3.28 15.00 12.98
3M Company MMM 164.32 162.74 1.025 2.52 50% -0.96 -0.34 -0.37 2.75 19.88 24.58
Monsanto Company MON 119.47 116.87 0.490 1.68 34% -2.18 -1.77 -0.85 0.96 13.95 21.11
Northrop Grumman Corp. NOC 147.39 157.56 0.700 1.78 30% 6.90 6.90 4.64 13.16 14.75 13.33
Parker-Hannifin Corp. PH 128.95 117.72 0.630 2.14 31% -8.71 -8.22 1.89 -2.68 31.25 20.51
Pentair PLC PNR 66.42 63.76 0.320 2.01 31% -4.00 -3.52 -3.71 -0.28 28.00 15.15
PPG Industries Inc PPG 231.15 227.91 0.670 1.18 23% -1.40 -1.11 0.96 9.77 9.84 5.85
Raytheon Company RTN 108.17 106.52 0.605 2.27 38% -1.53 -0.97 -8.18 4.35 0.00 7.00
United Technologies Corp. UTX 115.00 118.74 0.640 2.16 37% 3.25 3.81 -2.64 7.26 8.47 11.11

Industrial Average       2.28 38% -0.67 -0.17 -2.89 2.02 12.73

Combo Average       2.31 39% -0.25 0.24 -2.23 3.24 12.03

The SPY [S&P 500 EFT] is up 0.14% year to date.
The SPY [S&P 500 EFT] - with unreinvested dividends - is up 0.14% year to date.
With the 10 Treasury at 2.12% and the sector average yield [on Q1 Divs] at 2.31% - the spread is 55 basis points.
* The change in 'dividend growth' is for the last twelve months and not year to date.

Price/Earnings Ratios 3-13-15
Companies that have fiscal years that match calendar years: BRCM, IBM, INTC, NATI, TXN, CAT, DD, GD, GE, HON, MMM & UTX


  EPS / Share % EPS Growth Price/EPS 15 EPS Range YearEnd
Co. 2012 2013 2014 2015 2016 12-13 13-14 14-15 15-16 2014 2015 2016 High Low Range

ACN 3.84 4.21 4.53 4.78 5.21 9.64 7.60 5.52 9.00 19.40 18.38 16.87 4.84 4.70 2.93% Aug
ADI 2.13 2.14 2.38 2.91 3.21 0.47 11.21 22.27 10.31 24.17 19.77 17.92 2.99 2.57 14.43% Oct
APH 3.47 3.85 4.50 4.96 5.46 10.95 16.88 10.22 10.08 25.76 23.37 21.23 5.02 4.90 2.42% Dec
AAPL 6.31 5.68 6.45 8.61 9.26 -9.98 13.56 33.49 7.55 19.16 14.35 13.35 9.05 7.13 22.30% Sep
AMAT 0.75 0.59 1.07 1.25 1.54 -21.33 81.36 16.82 23.20 22.65 19.39 15.74 1.51 1.16 28.00% Oct
ADP 2.72 2.89 2.58 2.93 3.31 6.25 -10.73 13.57 12.97 33.29 29.31 25.95 2.95 2.89 2.05% Jun
BRCM 2.92 2.72 2.97 2.79 3.03 -6.85 9.19 -6.06 8.60 14.91 15.87 14.61 3.85 2.96 31.90% Dec
CSCO 1.85 2.02 2.06 2.16 2.27 9.19 1.98 4.85 5.09 13.56 12.94 12.31 2.25 2.04 9.72% Jul
IBM 15.25 16.28 16.53 15.98 16.70 6.75 1.54 -3.33 4.51 9.33 9.65 9.24 16.35 15.73 3.88% Dec
INTC 2.13 1.89 2.31 2.38 2.48 -11.27 22.22 3.03 4.20 13.39 13.00 12.47 2.75 2.00 31.51% Dec
MCHP 1.89 1.89 2.45 2.66 2.98 0.00 29.63 8.57 12.03 20.21 18.62 16.62 2.65 2.54 4.14% Mar
MSFT 2.73 2.65 2.63 2.40 2.93 -2.93 -0.75 -8.75 22.08 15.73 17.24 14.12 2.89 2.20 28.75% Jun
MXIM 1.57 1.77 1.62 1.48 1.89 12.74 -8.47 -8.64 27.70 21.76 23.82 18.65 1.75 1.15 40.54% Jun
NATI 0.78 0.64 0.99 1.04 1.30 -17.95 54.69 5.05 25.00 31.70 30.17 24.14 1.14 1.10 3.85% Dec
ORCL 3.71 2.68 2.87 2.96 3.18 -27.76 7.09 3.14 7.43 14.77 14.32 13.33 3.22 2.84 12.84% May
QCOM 3.71 4.51 5.27 5.01 5.43 21.56 16.85 -4.93 8.38 13.02 13.70 12.64 5.50 5.06 8.78% Sep
TEL 2.86 3.23 3.79 4.22 4.61 12.94 17.34 11.35 9.24 18.74 16.83 15.41 4.30 4.10 4.74% Sep
TXN 1.64 1.91 2.50 2.91 3.21 16.46 30.89 16.40 10.31 22.85 19.63 17.79 3.12 2.66 15.81% Dec
STX 6.75 5.31 5.04 4.90 5.39 -21.33 -5.08 -2.78 10.00 10.67 10.97 9.97 5.48 4.74 15.10% Jun

Tech Average         -0.66 15.63 5.99 11.98 19.21 17.96 15.91      

BA 5.88 7.07 8.38 8.52 9.19 20.24 18.53 1.67 7.86 18.09 17.79 16.49 9.20 7.77 16.78% Dec
CAT 8.90 5.79 6.38 4.74 5.05 -34.94 10.19 -25.71 6.54 12.42 16.72 15.69 7.40 4.75 55.91% Dec
DE 7.63 9.09 8.63 5.35 5.31 19.13 -5.06 -38.01 -0.75 10.37 16.73 16.85 6.02 4.70 24.67% Oct
DD 3.33 3.88 4.01 4.11 4.57 16.52 3.35 2.49 11.19 20.07 19.59 17.61 4.68 4.00 16.55% Dec
DHR 2.83 3.42 3.75 4.34 4.74 20.85 9.65 15.73 9.22 22.72 19.63 17.97 4.45 3.75 16.13% Dec
EMR 3.39 3.54 3.75 3.80 4.02 4.42 5.93 1.33 5.79 14.74 14.54 13.75 4.10 3.79 8.16% Dec
ETN 3.94 4.13 4.68 4.90 5.39 4.82 13.32 4.70 10.00 14.24 13.60 12.36 5.27 4.65 12.65% Dec
GD 6.48 7.03 7.77 8.34 9.13 8.49 10.53 7.34 9.47 17.01 15.85 14.48 8.75 8.00 8.99% Dec
GE 1.52 1.64 1.65 1.73 1.82 7.89 0.61 4.85 5.20 15.18 14.47 13.76 1.80 1.65 8.67% Dec
HON 4.48 4.97 5.56 6.11 6.77 10.94 11.87 9.89 10.80 18.20 16.56 14.94 6.17 6.00 2.78% Dec
MMM 6.32 6.72 7.49 8.18 9.00 6.33 11.46 9.21 10.02 21.73 19.89 18.08 8.33 8.10 2.81% Dec
MON 3.70 4.56 5.23 5.84 6.79 23.24 14.69 11.66 16.27 22.35 20.01 17.21 6.05 5.55 8.56% Aug
NOC 7.81 8.35 9.57 9.48 10.55 6.91 14.61 -0.94 11.29 16.46 16.62 14.93 10.05 8.60 15.30% Dec
PH 7.45 6.26 6.45 8.10 8.81 -15.97 3.04 25.58 8.77 18.25 14.53 13.36 8.30 7.65 8.02% Jun
PNR 2.39 3.21 3.78 4.15 4.60 34.31 17.76 9.79 10.84 16.87 15.36 13.86 4.57 4.11 11.08% Dec
PPG 6.44 8.28 9.75 11.51 12.99 28.57 17.75 18.05 12.86 23.38 19.80 17.55 12.10 10.91 10.34% Dec
RTN 5.65 5.96 6.97 6.40 7.10 5.49 16.95 -8.18 10.94 15.28 16.64 15.00 6.80 7.47 -10.47% Dec
UTX 5.35 6.21 6.82 7.01 7.74 16.07 9.82 2.79 10.41 17.41 16.94 15.34 7.35 6.90 6.42% Dec

Ind Average         10.78 10.88 3.07 9.81 18.52 17.96 16.43      

Combo Average       4.75 13.39 4.78 10.96 18.88 17.96 16.16      

Yield + CAGR Total Return Expectations


Company Q1-15 Consensus Total Bonds Debt/ EPS My Total Rtn Consensus Price Implied CAGR Div Price
  Yield CAGR Return Ratings MktCap Accr RRRs - RRR Ratings RRR-Yld P/E /Earn /Earn

ACN 2.32% 8.80% 11.12% none 0.53% 1.50 10.20 0.92 2.4 7.88 8.58% 42.68 18.38
ADI 2.57% 7.00% 9.57% A- 4.99% 2.00 10.20 -0.63 2.4 7.63 9.97% 50.86 19.77
APH 0.86% 10.50% 11.36% BBB+ 16.18% 1.00 10.50 0.86 2.5 9.64 13.87% 20.16 23.37
AAPL 1.52% 10.00% 11.52% AA+ 5.49% 2.50 10.50 1.02 1.9 8.98 4.85% 21.84 14.35
AMAT 1.65% 9.50% 11.15% A- 6.75% 2.50 10.50 0.65 2.0 8.85 9.89% 32.00 19.39
ADP 2.28% 7.00% 9.28% none 4.90% 2.50 10.50 -1.22 2.8 8.22 19.81% 66.89 29.31
BRCM 1.26% 6.50% 7.76% A- 6.45% 2.50 10.70 -2.94 2.2 9.44 6.57% 20.07 15.87
CSCO 2.72% 7.50% 10.22% AA- 15.27% 1.70 10.00 0.22 2.3 7.28 2.94% 35.19 12.94
IBM 2.85% 5.00% 7.85% AA- 29.72% 1.50 10.00 -2.15 3.0 7.15 -0.35% 27.53 9.65
INTC 3.10% 5.00% 8.10% A+ 7.62% 2.20 10.50 -2.40 2.7 7.40 3.50% 40.34 13.00
MCHP 2.88% 9.00% 11.88% none 15.26% 1.00 10.00 1.88 2.4 7.12 8.62% 53.68 18.62
MSFT 3.00% 5.00% 8.00% AAA 7.38% 1.70 9.50 -1.50 2.6 6.50 6.74% 51.67 17.24
MXIM 3.18% 5.00% 8.18% BBB+ 11.92% 1.00 11.00 -2.82 2.6 7.82 14.82% 75.68 23.82
NATI 2.42% 9.00% 11.42% none 0.00% 5.00 12.00 -0.58 2.0 9.58 23.17% 73.08 30.17
ORCL 1.13% 5.00% 6.13% A+ 18.40% 1.00 10.00 -3.87 2.4 8.87 4.32% 16.22 14.32
QCOM 2.45% 9.00% 11.45% A+ 0.00% 1.00 10.00 1.45 2.2 7.55 3.70% 33.53 13.70
TEL 1.63% 10.50% 12.13% A- 15.72% 2.00 10.50 1.63 1.8 8.87 7.33% 27.49 16.83
TXN 2.38% 8.50% 10.88% A+ 8.27% 3.00 10.70 0.18 2.6 8.32 10.33% 46.74 19.63
STX 4.02% 9.00% 13.02% none 16.54% 2.00 13.50 -0.48 2.4 9.48 4.47% 44.08 10.97
BA 2.40% 9.50% 11.90% A 9.83% 3.00 11.00 0.90 2.1 8.60 8.79% 42.72 17.79
CAT 3.53% 8.00% 11.53% A 43.37% 4.00 12.00 -0.47 2.8 8.47 9.72% 59.07 16.72
DE 2.68% 5.00% 7.68% A 123.82% 3.00 11.00 -3.32 3.0 8.32 7.73% 44.86 16.73
DD 2.34% 6.50% 8.84% A 20.96% 5.00 10.00 -1.16 2.8 7.66 9.59% 45.74 19.59
DHR 0.47% 10.00% 10.47% A+ 5.03% 2.00 10.00 0.47 1.7 9.53 9.63% 9.22 19.63
EMR 3.40% 6.00% 9.40% A 13.26% 2.00 10.00 -0.60 2.7 6.60 4.54% 49.47 14.54
ETN 2.94% 8.00% 10.94% BBB+ 28.21% 2.00 10.50 0.44 2.1 7.56 4.10% 40.00 13.60
GD 1.88% 7.50% 9.38% A 8.58% 3.00 10.50 -1.12 2.0 8.62 6.35% 29.74 15.85
GE 3.67% 7.00% 10.67% AA+ 149.69% 1.00 10.00 0.67 2.1 6.33 4.47% 53.18 14.47
HON 2.05% 9.80% 11.85% A 11.98% 1.00 10.00 1.85 2.0 7.95 6.56% 33.88 16.56
MMM 2.52% 8.50% 11.02% AA- 45.07% 1.00 10.00 1.02 2.6 7.48 9.89% 50.12 19.89
MON 1.68% 11.00% 12.68% BBB+ 13.59% 1.30 10.50 2.18 2.0 8.82 10.51% 33.56 20.01
NOC 1.78% 7.30% 9.08% BBB+ 19.32% 1.50 10.50 -1.42 2.4 8.72 7.12% 29.54 16.62
PH 2.14% 8.00% 10.14% A 11.21% 1.50 10.00 0.14 2.3 7.86 4.53% 31.11 14.53
PNR 2.01% 9.50% 11.51% BBB 23.64% 3.50 11.50 0.01 2.4 9.49 7.36% 30.84 15.36
PPG 1.18% 10.50% 11.68% A 7.41% 1.50 10.40 1.28 1.9 9.22 10.20% 23.28 19.80
RTN 2.27% 8.00% 10.27% BBB+ 14.18% 1.50 10.00 0.27 2.2 7.73 6.64% 37.81 16.64
UTX 2.16% 9.00% 11.16% A 19.56% 1.50 10.40 0.76 1.9 8.24 7.34% 36.52 16.94

Average 2.31% 8.00% 10.30%   20.54%       2.33 8.21 8.06   20.21

Disclosure: The author is long AAPL, APH, CSCO, QCOM, TEL, HON, UTX.