From Procter & Gamble to Home Depot: Comparing Bahl & Gaynor Inc's Q3 and Q4 2022 13F Holdings

Investment management firm Bahl & Gaynor Inc recently released its 13F holdings for Q3 and Q4 of 2022, revealing significant changes in their portfolio. In this blog post, we'll take a closer look at the changes made to their holdings and analyze the reasons behind those changes.

Introduction:

Bahl & Gaynor Inc is an investment management firm based in Cincinnati, Ohio, with a focus on dividend growth investing. As per the company's latest 13F filings, the firm's total public equity portfolio value decreased from $17.92 billion in Q3 to $17.56 billion in Q4.

Main Body:

In Q3 2022, the top five holdings of Bahl & Gaynor Inc were in Procter & Gamble Co, Nextera Energy Inc, Truist Financial Corp, Nextera Energy Inc, and Home Depot Inc. However, in Q4 2022, the top five holdings changed to Nextera Energy Inc, Home Depot Inc, Procter & Gamble Co, Abbott Laboratories, and United Parcel Service Inc.

One of the most significant changes in Bahl & Gaynor Inc's portfolio was in Procter & Gamble Co. The firm lowered its stake in the consumer goods company from 4.41 million shares to 4.33 million shares, representing a decrease of 18%. Despite the decrease in shares, the company's value increased from $556 million to $656 million.

Another significant shift was in Nextera Energy Inc, where the company reduced its holdings from 6.18 million shares to 5.72 million shares, representing a decrease of 1.2% in value. Home Depot, on the other hand, was a beneficial investment for Bahl & Gaynor Inc. The firm increased its stake in the home improvement company from 1.52 million shares to 1.41 million shares, with a value increase from $420 million to $444 million.

Moreover, Bahl & Gaynor Inc increased its stakes in Abbott Laboratories, PNC Financial Services Group Inc, and Medtronic PLC. However, the company reduced its position in Microsoft Corporation, Realty Income Corp, and Fidelity National Information Services. Notably, Microsoft Corporation witnessed a significant decrease in Bahl & Gaynor Inc's holdings, with a decrease in shares from 2.19 million to 1.85 million, resulting in a 12.8% drop in value.

Conclusion:

Bahl & Gaynor Inc's Q3 and Q4 13F filings reveal some notable changes in its portfolio. The company has been diligent in reducing its stakes in some of its holdings while increasing its position in others. Home Depot, Abbott Laboratories, and Medtronic PLC are some of the companies where the firm has increased its position, whereas Microsoft Corporation and Realty Income Corp are some of the companies with a reduced stake. Nonetheless, only time will tell how these investments will benefit Bahl & Gaynor Inc in the coming years.