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10 Dividend Stocks to Buy According to Greg Eisner’s Engineers Gate Manager

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·7 min read
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In this article, we will take a look at the 10 dividend stocks to buy according to Greg Eisner's Engineers Gate Manager. If you want to skip our comprehensive analysis of the history, investment philosophy, and hedge fund preference of Greg Eisner's Engineers Gate Manager, you can go directly to 5 Dividend Stocks to Buy According to Greg Eisner's Engineers Gate Manager.

R. Gregory Eisner is currently the CEO at Engineers Gate Manager. Mr. Eisner received a Bachelor's degree in Economics from The Wharton School of the University of Pennsylvania where his majors were finance and entrepreneurship in 2004. His career in investment banking and finance began with a position as an analyst at The Blackstone Group in 2004. From 2005 to 2012, Mr. Eisner served as the head of Corporate Strategy at Highbridge Capital Management. Following this, he served as the Managing Director & COO-Hedge Fund Strategies at JPMorgan Investment Management, Inc from 2012 to 2013. Greg Eisner then served as the Chief Investment Officer for Dubin & Co. until 2019 when he joined Engineer Gate Manager as the Chief Executive Officer.

Greg Eisner's Engineers Gate Manager held the stocks of many famous companies by the end of the second quarter of 2021, namely salesforce.com, inc. (NYSE:CRM), Dell Technologies Inc. (NYSE:DELL), Marriott International Inc (NYSE:MAR), and Uber Technologies, Inc. (NYSE:UBER).

Our Methodology

The 10 dividend stocks to buy according to Greg Eisner's Engineers Gate Manager were picked on the basis of their positions in the hedge fund's 13F holdings. In order to compile the 10 dividend stocks to buy according to Greg Eisner's Engineers Gate Manager, we only picked the holdings with dividend yields of more than 2% from the fund’s Q2 portfolio.

With this context in mind, let's now discuss the 10 dividend stocks to buy according to Greg Eisner's Engineers Gate Manager.

Photo by Nathan Dumlao on Unsplash

Why does hedge fund activity matter? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021, our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

10 Dividend Stocks to Buy According to Greg Eisner's Engineers Gate Manager

10. Ally Financial Inc (NYSE:ALLY)

Engineers Gate Manager’s Stake Value: $4.945 million

Percentage of Engineers Gate Manager’s 13F Portfolio: 0.31%

Number of Hedge Fund Holders as of Q2 2021: 54

Dividend Yield: 2.03%

Ally Financial Inc (NYSE: ALLY) is one of the 10 dividend stocks to buy according to Greg Eisner's Engineers Gate Manager as the stock had a dividend yield of 2.03% as of November 17. The bank holding company has its headquarters in Detroit, Michigan, and was founded in 1919.

On October 21, Ally Financial Inc (NYSE: ALLY) reported its Q3 2021 revenue of $1.98 billion, which missed estimates by $50 million and demonstrated a year-over-year growth of 17.9%.

On October 22, Kevin Barker, an analyst at Piper Sandler, downgraded the company's stock from its previous rating of Overweight to Neutral and lowered its price target from $68 to $59.

9. Colgate-Palmolive Company (NYSE:CL)

Engineers Gate Manager’s Stake Value: $5.550 million

Percentage of Engineers Gate Manager’s 13F Portfolio: 0.35%

Number of Hedge Fund Holders as of Q2 2021: 58

Dividend Yield: 2.31%

Colgate-Palmolive Company (NYSE: CL) is a multinational giant that specializes in the production and distribution of household, personal care, and healthcare products.

Although Engineers Gate Manager held 68,229 shares of Colgate-Palmolive Company (NYSE: CL) by the end of Q2 2021, the institutional investor that held the most shares of the company in the same time period was Jean-Marie Eveillard's First Eagle Investment Management. The fund held 11,844,820 of Colgate-Palmolive Company (NYSE: CL)'s shares at the end of Q2 2021, which were worth over $963 million.

On October 29, Colgate-Palmolive Company (NYSE: CL) reported its revenue for Q3 2021 as $4.41 billion, as opposed to the estimated revenue of $4.4 billion. Its Q3 2021 revenue showed year-over-year growth of 6.3%. However, the reported EPS of $0.75 missed the expected EPS by $0.05.

8. Xcel Energy Inc (NYSE:XEL)

Engineers Gate Manager’s Stake Value: $6.076 million

Percentage of Engineers Gate Manager’s 13F Portfolio: 0.39%

Number of Hedge Fund Holders as of Q2 2021: 22

Dividend Yield: 2.83%

Xcel Energy Inc (NYSE: XEL) is an American holding company that provides electricity to customers in several states such as New Mexico, Wisconsin, Michigan, Colorado, and Texas. It is one of the 10 dividend stocks to buy according to Greg Eisner's Engineers Gate Manager as the stock had a dividend yield of 2.83% as of November 17.

On October 28, Xcel Energy Inc (NYSE: XEL) reported its Q3 2021 revenue of $3.47 billion, beating estimates by $60 million. Following this, on October 29, Julien Dumoulin-Smith, an analyst at BofA Securities, Inc., upgraded Xcel Energy Inc (NYSE: XEL) from "Neutral" to "Buy" and raised the price target from $67 to $72.

On November 2, Paul Fremont, an analyst at Mizuho Financial Group, Inc., decreased his price target on Xcel Energy Inc (NYSE: XEL) from its previous value of $70 to $64, yet maintained a "Neutral" rating on the shares.

In addition to Colgate-Palmolive Company (NYSE: CL) and Xcel Energy Inc (NYSE: XEL), Greg Eisner's Engineers Gate Manager also held significant shares in salesforce.com, inc. (NYSE: CRM), Dell Technologies Inc. (NYSE: DELL), Marriott International Inc (NYSE: MAR), and Uber Technologies, Inc. (NYSE: UBER) at the end of Q2 2021.

7. Morgan Stanley (NYSE:MS)

Engineers Gate Manager’s Stake Value: $6.094 million

Percentage of Engineers Gate Manager’s 13F Portfolio: 0.39%

Number of Hedge Fund Holders as of Q2 2021: 69

Dividend Yield: 2.87%

Morgan Stanley (NYSE: MS), headquartered in New York City, New York, is a famous multinational investment bank that has been providing financial services since its inception in 1935. Morgan Stanley (NYSE: MS) is one of the 10 dividend stocks to buy according to Greg Eisner's Engineers Gate Manager as the stock had a dividend yield of 2.87% as of November 17.

On October 14, Morgan Stanley (NYSE: MS) announced its Q3 2021 revenue of $14.75 billion, which beat estimates to $5.07 billion. Later, on October 18, Keith Horowitz, an analyst at Citigroup Inc., maintained a "Neutral" rating on the shares and raised the price target on Morgan Stanley (NYSE: MS) from $100 to $105.

6. AbbVie Inc (NYSE:ABBV)

Engineers Gate Manager’s Stake Value: $6.121 million

Percentage of Engineers Gate Manager’s 13F Portfolio: 0.39%

Number of Hedge Fund Holders as of Q2 2021: 82

Dividend Yield: 4.81%

AbbVie Inc (NYSE: ABBV) had a dividend yield of 4.81% as of November 17 and is, therefore, one of the 10 dividend stocks to buy according to Greg Eisner's Engineers Gate Manager. This American biopharmaceutical company was founded in 2013 and is headquartered in Delaware, United States.

On October 29, AbbVie Inc (NYSE: ABBV) announced its Q3 2021 revenue of $14.34 billion which beat estimates by $30 million. The same day, AbbVie Inc (NYSE: ABBV) announced that its dividend payouts would be increased by 8.5% from February 2022. Subsequently, on November 1, David Risinger, an analyst at Morgan Stanley, raised the firm's price target on AbbVie Inc (NYSE: ABBV) from $116 to $124 but maintained an "Overweight' rating on the shares.

Engineers Gate Manager held 54,344 shares of AbbVie Inc (NYSE: ABBV) by the end of Q2 2021. As of the second quarter of 2021, Engineers Gate Manager also held significant shares in many noteworthy companies such as salesforce.com, inc. (NYSE: CRM), Dell Technologies Inc. (NYSE: DELL), Marriott International Inc (NYSE: MAR) and Uber Technologies, Inc. (NYSE: UBER).

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Disclosure: None. 10 Dividend Stocks to Buy According to Greg Eisner's Engineers Gate Manager is originally published on Insider Monkey.