Well that didn’t take too long. After a full month of not buying any stock since the middle of February I have already completed my second tranche of buys in the month of March. As you already know I have been nibbling in the health REIT sector with my recent pick up of Care Capital Properties, Inc. (CCP) and a new position in LTC Properties, Inc. (LTC) as well. I’ll continue to look at this sector as it remains beaten down and is offering up better prices, values and yields when compared to their summertime highs reached in 2016. Of course, I do like other names not in the health sector and felt compelled to branch out a bit this month with two additional buys. Sticking to my March 2017 Stock Considerations:
I have added to my taxable account 26.9225 shares at $40.86 for a total investment of $1100.05 in Johnson Controls International plc (JCI). With this recent purchase my taxable account holdings in JCI now totals 93.8926 shares with a market value of $3,921.89. On a side note, recent JCI spin off, Adient plc (ADNT) just announced that it will pay its first dividend to shareholders with an expected yield of 1.48%. You just have to love it when a spin off in your portfolio also becomes a dividend payer.
I also initiated a new position in my taxable account adding 14.3651 shares at $34.81 for a total investment of $500.05 in Hormel Foods Corporation (HRL). HRL has been a stock on my watch list for a long time and I finally decided to nibble a bit on this dividend stalwart. Of course, HRL is in one of my all time favorite sectors to invest in, the consumer staples, and like many other “old guard” food companies is adapting to the changing consumer tastes and preferences via strategic acquisitions. While not the highest yielding company in the field it does sport a safe and growing dividend that should continue for many years to come.
What do you think about my recent buys? Are you also looking at the consumer staples or other consumer related stocks? Does JCI or another industrial company look enticing? Please let me know below.
Disclosure: Long CCP, LTC, JCI, ADNT, HRL