When members of Congress trade stocks, people pay attention — especially when the trades involve the Magnificent Seven. One lawmaker just swapped some of the biggest names in tech for old-school dividend payers.
Rep. David Taylor (R-Ohio) disclosed a batch of trades made on May 15, and the pattern is pretty clear: out with growth, in with income.
Taylor sold shares of Alphabet (GOOGL) and Apple (AAPL), with the Alphabet sale in the $15,000 to $50,000 range and the Apple sale between $1,000 and $15,000. He also made a second smaller sale of Alphabet in the same range.
On the buying side, Taylor picked up shares of Home Depot (HD), Medpace Holdings (MEDP), Parker-Hannifin (PH), and AT&T (T). All of those purchases were in the $1,000 to $15,000 range, and he bought Home Depot twice.
This isn't Taylor's first rodeo with Home Depot. He's been buying the stock for months, and his overall trading history shows hundreds of transactions over the past two years, mostly in that same $1,000 to $15,000 bracket.
So what's the motivation? It could be a simple portfolio rebalancing or profit-taking. But the dividend story is hard to ignore.
Home Depot yields about 3%. Parker-Hannifin yields 1%. AT&T yields a hefty 4.5%. Medpace doesn't pay a dividend, but the other three more than make up for it. Compare that to Apple's 0.2% yield and Alphabet's 0.4% yield. If you're looking for income, the choice is obvious.
Taylor sits on the Agriculture Committee and the Transportation and Infrastructure Committee, so none of these trades scream conflict of interest. They just look like an investor shifting gears.
Home Depot also just reported quarterly results that beat analyst estimates on both earnings per share and revenue. The company has beaten EPS estimates in two straight quarters and revenue in three straight quarters. Over the past 10 quarters, it's beaten on both metrics seven times. The company reaffirmed its full-year guidance, calling for total sales growth of 2.5% to 4.5% and comparable sales growth flat to up 2%.
Whether Taylor is taking profits, doubling down on a favorite, or just chasing yield, his latest trades offer a window into how one lawmaker is positioning his portfolio. For investors who like dividends, it might be worth watching what he does next.







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