This is the group of companies who raised their dividend during the week: SOLERA HOLDINGS INC, Digital Realty Trust Inc., Lindsay Corp., Altera Corp., Airgas Inc., and A. O. Smith Corp.
Solera Holdings, Inc. reported results for the third quarter of fiscal year 2010. Revenue for the third quarter was $162.5 million, a 16.7% increase over the prior year third quarter revenue of $139.3 million. Diluted net income attributable to Solera Holdings, Inc. per common share for the third quarter was $0.32, an 86.9% increase over the prior year diluted net income attributable to Solera Holdings, Inc. per common share of $0.17.
SOLERA HOLDINGS INC is owned Richard Aster Jr and Ron Baron.
President, CEO Tony Aquila sold shares of SLH stock.
Digital Realty Trust, Inc. announced financial results for the second quarter of 2010. Net income for the second quarter of 2010 was $19.9 million, down 22.3% from $25.6 million in the first quarter of 2010 and down 6.1% from $21.2 million in the second quarter of 2009. The Company reported total operating revenues of $197.5 million in the second quarter of 2010, up 3.0% from $191.8 million in the first quarter of 2010 and up 27.4% from $155.0 million in the second quarter of 2009.
Digital Realty Trust Inc. is owned Ron Baron, Ken Heebner, and Chris Davis.
CEO and Director Michael F Foust, CFO and CIO A William Stein, and General Counsel Joshua Ananda Mills sold shares of DLR stock.
Lindsay Corporation announced results for its fiscal third quarter ended May 31, 2010. Third quarter fiscal 2010 total revenues increased 18 percent to $100.1 million from $84.6 million for the year-ago period. Net earnings were $6.2 million or $0.50 per diluted share compared with $5.3 million or $0.42 per diluted share in the prior fiscal year's third quarter.
Lindsay Corp. is owned by Kenneth Fisher.
Director Howard Buffett sold shares of LNN stock.
Altera Corporation announced second quarter sales of $469.3 million, up 17 percent from the first quarter of 2010 and up 68 percent from the second quarter of 2009. Second quarter net income was $180.6 million, $0.58 per diluted share, compared with net income of $153.2 million, $0.50 per diluted share, in the first quarter of 2010 and $47.4 million, $0.16 per diluted share, in the second quarter of 2009.
Altera Corp. is owned by Chris Davis PRIMECAP Management, and John Hussman.
President and CEO John Daane, Sr VP, Worldwide Sales George A Papa, and Sr VP & GM Penang Operation Jordan Plofsky sold shares of ALTR stock.
Airgas, Inc. reported net earnings of $64.8 million, or $0.76 per diluted share, for its first quarter ended June 30, 2010. First quarter sales were $1.05 billion, a sequential increase of 5% in sales per day and 7% in total sales compared to the fourth quarter.
Airgas Inc. is owned by Daniel Loeb, Jean-Marie Eveillard, and Richard Perry.
A. O. Smith Corporation reported second quarter earnings of $16.6 million or $.54 per share. Earnings for the same quarter last year were $21.3 million or $.84 per share. Non-GAAP earnings for the second quarter 2009, excluding the impact of the SICO transaction, were $23.7 million or $.79 per share. Second quarter sales of $572.5 million were nearly 15 percent higher than sales of $498.7 million for the same period last year.
SOLERA HOLDINGS INC (SLH, Financial)
SOLERA HOLDINGS INC is an integrated group of automotive claims solutions companies with the vision to continuously improve the automobile insurance claims processing industry worldwide. Solera Holdings Inc has a market cap of $2.66 billion; its shares were traded at around $37.98 with a P/E ratio of 20 and P/S ratio of 4.8. The company’s board of directors approved a 20% increase in its quarterly dividend to 7.50 cents/share. This was the first dividend increase since the company started paying dividends in 2009. Yield: 0.80%Solera Holdings, Inc. reported results for the third quarter of fiscal year 2010. Revenue for the third quarter was $162.5 million, a 16.7% increase over the prior year third quarter revenue of $139.3 million. Diluted net income attributable to Solera Holdings, Inc. per common share for the third quarter was $0.32, an 86.9% increase over the prior year diluted net income attributable to Solera Holdings, Inc. per common share of $0.17.
SOLERA HOLDINGS INC is owned Richard Aster Jr and Ron Baron.
President, CEO Tony Aquila sold shares of SLH stock.
Digital Realty Trust Inc. (DLR, Financial)
Digital Realty Trust owns, acquires, repositions and manages technology-related real estate. Digital Realty Trust Inc. has a market cap of $5.43 billion; its shares were traded at around $63.22 with a P/E ratio of 20.4 and P/S ratio of 8.6. The company increased quarterly dividends by 10.30% to 53 cents/share. The company has consistently raised distributions since 2004. Yield: 3.50%Digital Realty Trust, Inc. announced financial results for the second quarter of 2010. Net income for the second quarter of 2010 was $19.9 million, down 22.3% from $25.6 million in the first quarter of 2010 and down 6.1% from $21.2 million in the second quarter of 2009. The Company reported total operating revenues of $197.5 million in the second quarter of 2010, up 3.0% from $191.8 million in the first quarter of 2010 and up 27.4% from $155.0 million in the second quarter of 2009.
Digital Realty Trust Inc. is owned Ron Baron, Ken Heebner, and Chris Davis.
CEO and Director Michael F Foust, CFO and CIO A William Stein, and General Counsel Joshua Ananda Mills sold shares of DLR stock.
Lindsay Corp. (LNN, Financial)
Lindsay Corporation manufactures and markets irrigation equipment including Zimmatic, Greenfield, Stettyn and Perrot center pivot, lateral move and hose reel irrigation systems and GrowSmart controls, all of which are used by farmers to increase or stabilize crop production while conserving water, energy, and labor. Lindsay Corp. has a market cap of $434.1 million; its shares were traded at around $34.78 with a P/E ratio of 22.9 and P/S ratio of 1.3. The board of directors declared a six percent increase in its regular quarterly cash dividend to $0.085/share. The company has consistently raised distributions since 2003. Yield: 1%Lindsay Corporation announced results for its fiscal third quarter ended May 31, 2010. Third quarter fiscal 2010 total revenues increased 18 percent to $100.1 million from $84.6 million for the year-ago period. Net earnings were $6.2 million or $0.50 per diluted share compared with $5.3 million or $0.42 per diluted share in the prior fiscal year's third quarter.
Lindsay Corp. is owned by Kenneth Fisher.
Director Howard Buffett sold shares of LNN stock.
Altera Corp. (ALTR, Financial)
Altera Corporation designs, manufactures, and markets a broad range of high-performance, high-density programmable logic devices and associated development tools, focusing on ease of use, lower risk, and fast time-to-market. Altera Corp. has a market cap of $8.36 billion; its shares were traded at around $27.72 with a P/E ratio of 17.2 and P/S ratio of 6.9. The company raised quarterly dividends by 20% to 6 cents/share. The company doesn’t have a long history of dividend increases. Yield: 0.80%Altera Corporation announced second quarter sales of $469.3 million, up 17 percent from the first quarter of 2010 and up 68 percent from the second quarter of 2009. Second quarter net income was $180.6 million, $0.58 per diluted share, compared with net income of $153.2 million, $0.50 per diluted share, in the first quarter of 2010 and $47.4 million, $0.16 per diluted share, in the second quarter of 2009.
Altera Corp. is owned by Chris Davis PRIMECAP Management, and John Hussman.
President and CEO John Daane, Sr VP, Worldwide Sales George A Papa, and Sr VP & GM Penang Operation Jordan Plofsky sold shares of ALTR stock.
Airgas Inc. (ARG, Financial)
Airgas, Inc., through its subsidiaries, is the largest U. Airgas Inc. has a market cap of $5.45 billion; its shares were traded at around $65.29 with a P/E ratio of 22.8 and P/S ratio of 1.4. The company raised quarterly dividends from 22 to 25 cents/share. The company has consistently raised distributions since 2003. Yield: 1.50%Airgas, Inc. reported net earnings of $64.8 million, or $0.76 per diluted share, for its first quarter ended June 30, 2010. First quarter sales were $1.05 billion, a sequential increase of 5% in sales per day and 7% in total sales compared to the fourth quarter.
Airgas Inc. is owned by Daniel Loeb, Jean-Marie Eveillard, and Richard Perry.
A. O. Smith Corp. (AOS, Financial)
A. O. Smith Corporation, with headquarters in Milwaukee, Wis. A. O. Smith Corp. has a market cap of $1.66 billion; its shares were traded at around $54.68 with a P/E ratio of 13.9 and P/S ratio of 0.9. The Board of Directors approved an 8% increase in the company's quarterly cash dividend to a rate of $0.21/share. This dividend achiever has raised distributions for 17 consecutive years. Yield: 1.50%A. O. Smith Corporation reported second quarter earnings of $16.6 million or $.54 per share. Earnings for the same quarter last year were $21.3 million or $.84 per share. Non-GAAP earnings for the second quarter 2009, excluding the impact of the SICO transaction, were $23.7 million or $.79 per share. Second quarter sales of $572.5 million were nearly 15 percent higher than sales of $498.7 million for the same period last year.
