Representative Lloyd Doggett of Texas’ 37th congressional district has made several new investments, according to a recent congressional trade report. The MP bought new shares Home depot Inc. (NYSE:), International Business Machines Corporation (NYSE:NYSE:), Johnson & Johnson (NYSE:JNJ), and PPG Industries, Inc. (NYSE:NYSE:).
Doggett purchased shares of Home Depot on March 21, 2024, with an investment valued at between $1,001 and $15,000. The deal was described as a reinvestment of shares.
On March 11, 2024, Doggett also purchased shares of International Business Machines Corporation. The investment in IBM it was valued at between $1,001 and $15,000 and was classified as a stock reinvestment.
Another addition to Doggett’s portfolio was Johnson & Johnson. The MP purchased shares of the company on March 5, 2024, with an investment amount in the same range of $1,001 to $15,000. The deal was also described as a stock reinvestment.
Finally, Doggett purchased shares of PPG Industries, Inc. on March 12, 2024. The investment in PPG was valued at between $1,001 and $15,000 and was also listed as a stock reinvestment.
All transactions were reported on April 9, 2024. The investments were made in the form of stocks, publicly traded on the New York Stock Exchange. The MP’s recent activity highlights a focus on reinvesting in large companies across a range of sectors.
The Congressional Business Report did not disclose the type of account Doggett used for these transactions. The Congressman certified that all transactions were disclosed as required by the STOCK Act.
Insights on InvestingPro
As Rep. Lloyd Doggett diversifies his portfolio with major additions like Home Depot (NYSE:HD), investors may find the following insights from InvestingPro particularly enlightening. Home Depot, a leader in the specialty retail industry, has been a solid investment over the years, as evidenced by its long history of reliability and dividend growth. The company has consistently increased its dividend for 14 consecutive years and has maintained dividend payments for an impressive 38 consecutive years, reflecting its strong financial health and commitment to delivering shareholder returns.
The stability of Home Depot’s stock is further underlined by low price volatility, which suggests the stock is less susceptible to large price swings in market turbulence than its peers. This feature could be attractive to investors like Doggett who are looking for consistent performance in their portfolios.
From a financial perspective, Home Depot boasts a substantial market capitalization of $346.47 billion, indicating its significant presence in the market. The company’s P/E ratio stands at 23.07, with a slight adjustment to 22.85 when considering the trailing twelve months starting from the fourth quarter of 2024. Although the company reported a decline in revenue with a change in -3.01% over the trailing twelve months as of Q4 In 2024, its sizable gross profit margin of 33.38% during the same period demonstrates the company’s ability to maintain profitability.
For investors looking for additional insights and analysis, there are 9 more InvestingPro Tips for Home Depot, which can be accessed via the company’s dedicated page on InvestingPro. Use the coupon code PRONEWS24 to get an additional 10% discount on your annual or two-year Pro and Pro+ subscription, adding even more value to your investment research.
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