This week will count as the third of three ‘off’ weeks intended to restore the $250+ per week pace of investment due to the acquisition of SJW. However, there is over $250 ($520.59 to be exact) of uninvested income in the account and I am going to deploy it.
This week, five of the portfolio holdings ranked in the Top Ten: FMCB, GRC, MDT, PPG, and SJW.
| Ticker | Account Value |
| FMCB | 3,225.00 |
| GRC | 1,035.09 |
| MDT | 1,739.64 |
| PPG | 2,571.27 |
| SJW | 1,093.64 |
The lowest amount belongs to GRC. Not coincidentally, there is a sector imbalance in the portfolio and the only sector eligible for additional investment is Industrials, the sector to which GRC belongs. GRC last traded at $33.39. Therefore, being careful not to go over the $520.59 available, I will acquire 15 shares of GRC on Monday. Below, is the purchase history and average cost calculation.
Below, I present some graphs that provide a glimpse at the last 15 years in GRC’s long history.
Earnings have been volatile and always positive save 2022Q2 when earnings came in at $(0.04). The trend has been positive but very, very slight over this extended period (dotted blue line).
Despite the volatility in earnings, a lower dividend yield has allowed the steady rise in that dividend to be well covered except for a couple of times in recent history.
2024Q4 EPS of $0.30 fell short of analyst estimates and disappointed myopic investors, but it is the best start to a year since 2018. Hopefully, earnings pick up from here and I will be keeping an eye on performance going forward.
Next week begins another set of three ‘off’ weeks to account for establishing a position in GRC.