GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Mairs & Power Funds Buys Western Union, Norfolk Southern, Baxter International, Sells Adobe Systems Inc., Integrys Energy Group, Nokia Corp.

insider

This is the Q2 portfolio update of Mairs & Power Funds. Mairs & Power Growth Fund is run by the firm’s CIO Bill Frels. Over the past 10 years, the fund averaged 5.93% a year, while the market is negative. The Fund gained 7.9% versus 5.4% for the S&P 500 index in the first quarter.

Bill Frels owns 122 stocks with a total value of $2.9 billion. These are the details of the buys and sells.

For the details of Bill Frels's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Bill+Frels

This is the sector weightings of his portfolio:

Industrials 37.1%
Health Care 18.2%
Financials 12.7%
Basic Materials 11.2%
Consumer Goods 6.4%
Consumer Services 6.2%
Technology 4.4%
Oil & Gas 3.1%
Utilities 0.3%
Telecommunications 0.3%


These are the top 5 holdings of Bill Frels

  1. 3M Company (MMM) - 2,002,023 shares, 5.39% of the total portfolio. Shares reduced by 3.84%
  2. Target Corp. (TGT) - 2,479,963 shares, 4.15% of the total portfolio. Shares reduced by 3.14%
  3. Medtronic Inc. (MDT) - 3,330,860 shares, 4.12% of the total portfolio. Shares reduced by 1.54%
  4. Ecolab Inc. (ECL) - 2,647,766 shares, 4.05% of the total portfolio. Shares added by 1.7%
  5. Emerson Electric Co. (EMR) - 2,661,013 shares, 3.96% of the total portfolio. Shares reduced by 5.84%


Added: The Western Union Company (WU)

Bill Frels added to his holdings in The Western Union Company by 471.19%. His purchase prices were between $14.94 and $19, with an estimated average price of $16.68. The impact to his portfolio due to this purchase was 0.35%. His holdings were 848,705 shares as of 06/30/2010.

The Western Union Company is a provider of global money-transfer services. The Western Union Company has a market cap of $10.79 billion; its shares were traded at around $16.06 with a P/E ratio of 12.3 and P/S ratio of 2.1. The dividend yield of The Western Union Company stocks is 1.4%. The Western Union Company had an annual average earning growth of 3.2% over the past 5 years.

Added: Baxter International Inc. (BAX)

Bill Frels added to his holdings in Baxter International Inc. by 17.1%. His purchase prices were between $40.47 and $59.92, with an estimated average price of $46.72. The impact to his portfolio due to this purchase was 0.34%. His holdings were 1,677,591 shares as of 06/30/2010.

Baxter engages in the worldwide development, manufacture and distribution of a diversified line of products, systems and services used primarily in the health-care field. Baxter International Inc. has a market cap of $27.45 billion; its shares were traded at around $45.8 with a P/E ratio of 11.8 and P/S ratio of 2.2. The dividend yield of Baxter International Inc. stocks is 2.5%. Baxter International Inc. had an annual average earning growth of 7.1% over the past 10 years. GuruFocus rated Baxter International Inc. the business predictability rank of 3.5-star.

Added: Exxon Mobil Corp. (XOM)

Bill Frels added to his holdings in Exxon Mobil Corp. by 13.06%. His purchase prices were between $57.29 and $69.29, with an estimated average price of $64.08. The impact to his portfolio due to this purchase was 0.1%. His holdings were 434,069 shares as of 06/30/2010.

Exxon Mobil Corporation's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crudeoil, natural gas and petroleum products. Exxon Mobil Corp. has a market cap of $307.07 billion; its shares were traded at around $60.23 with a P/E ratio of 11.7 and P/S ratio of 1. The dividend yield of Exxon Mobil Corp. stocks is 2.9%. Exxon Mobil Corp. had an annual average earning growth of 11.2% over the past 10 years. GuruFocus rated Exxon Mobil Corp. the business predictability rank of 3.5-star.

Added: Badger Meter Inc (BMI)

Bill Frels added to his holdings in Badger Meter Inc by 28.58%. His purchase prices were between $37.81 and $44.08, with an estimated average price of $40.44. The impact to his portfolio due to this purchase was 0.08%. His holdings were 280,229 shares as of 06/30/2010.

Badger Meter, Inc. is a marketer and manufacturer of products, and a provider of services, using flow measurement and control technologies serving markets worldwide. Badger Meter Inc has a market cap of $558.8 million; its shares were traded at around $37.3 with a P/E ratio of 22 and P/S ratio of 2.2. The dividend yield of Badger Meter Inc stocks is 1.3%. Badger Meter Inc had an annual average earning growth of 19.3% over the past 10 years. GuruFocus rated Badger Meter Inc the business predictability rank of 3-star.

Added: Chevron Corp. (CVX)

Bill Frels added to his holdings in Chevron Corp. by 26.98%. His purchase prices were between $68.36 and $82.83, with an estimated average price of $76.64. The impact to his portfolio due to this purchase was 0.05%. His holdings were 100,560 shares as of 06/30/2010.

Chevron is the fifth-largest integrated energy company in the world. Chevron Corp. has a market cap of $154.81 billion; its shares were traded at around $77.07 with a P/E ratio of 9.3 and P/S ratio of 0.9. The dividend yield of Chevron Corp. stocks is 3.7%. Chevron Corp. had an annual average earning growth of 11.5% over the past 10 years. GuruFocus rated Chevron Corp. the business predictability rank of 3-star.

Added: Hewlettpackard Company (HPQ)

Bill Frels added to his holdings in Hewlettpackard Company by 43.06%. His purchase prices were between $44.3 and $54.26, with an estimated average price of $49.29. The impact to his portfolio due to this purchase was 0.01%. His holdings were 15,702 shares as of 06/30/2010.

Hewlett Packard is one of the global providers of computing and imaging solutions and services for business and home. Hewlettpackard Company has a market cap of $84.7 billion; its shares were traded at around $40.14 with a P/E ratio of 8.6 and P/S ratio of 0.8. The dividend yield of Hewlettpackard Company stocks is 0.8%. Hewlettpackard Company had an annual average earning growth of 26.5% over the past 5 years.

Added: Enteromedics Inc. (ETRM)

Bill Frels added to his holdings in Enteromedics Inc. by 499.88%. His purchase prices were between $0.291 and $0.6332, with an estimated average price of $0.44. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 19,286 shares as of 06/30/2010.

EnteroMedics Inc. was established to develop and commercialize a new therapeutic platform for treating a wide range of acute and chronic diseases that are mediated by the vagal nerves. Enteromedics Inc. has a market cap of $84.3 million; its shares were traded at around $1.88 .

New Purchase: Norfolk Southern Corp. (NSC)

Bill Frels initiated holdings in Norfolk Southern Corp.. His purchase prices were between $52.19 and $61.15, with an estimated average price of $57.56. The impact to his portfolio due to this purchase was 0.04%. His holdings were 21,500 shares as of 06/30/2010.

Norfolk Southern Corp., a Virginia-based holding company, owns two major freight railroads, Norfolk Southern Railway Company and Norfolk Western Railway Company, which operates in numerous states, the District of Columbia and the Province of Ontario. Norfolk Southern Corp. has a market cap of $20.32 billion; its shares were traded at around $54.91 with a P/E ratio of 16.4 and P/S ratio of 2.6. The dividend yield of Norfolk Southern Corp. stocks is 2.6%. Norfolk Southern Corp. had an annual average earning growth of 13.7% over the past 10 years. GuruFocus rated Norfolk Southern Corp. the business predictability rank of 4.5-star.

New Purchase: E.i. Du Pont De Nemours And Co. (DD)

Bill Frels initiated holdings in E.i. Du Pont De Nemours And Co.. His purchase prices were between $34.09 and $40.95, with an estimated average price of $37.65. The impact to his portfolio due to this purchase was 0.04%. His holdings were 36,050 shares as of 06/30/2010.

E.I. DuPont de Nemours is involved in science and technology in a range of disciplines including high-performance materials, specialty chemicals, pharmaceuticals and biotechnology. E.i. Du Pont De Nemours And Co. has a market cap of $36.94 billion; its shares were traded at around $40.77 with a P/E ratio of 12.4 and P/S ratio of 1.4. The dividend yield of E.i. Du Pont De Nemours And Co. stocks is 4.1%.

New Purchase: Blackrock Real Asset Equity Trust (BCF)

Bill Frels initiated holdings in Blackrock Real Asset Equity Trust. His purchase prices were between $10.57 and $13.92, with an estimated average price of $12.3. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 10,841 shares as of 06/30/2010.

Blackrock Real Asset Equity Trust has a market cap of $827.1 million; its shares were traded at around $11.879 . The dividend yield of Blackrock Real Asset Equity Trust stocks is 8.1%.

Reduced: Briggs & Stratton Corp. (BGG)

Bill Frels reduced to his holdings in Briggs & Stratton Corp. by 66.43%. His sale prices were between $17.41 and $24.04, with an estimated average price of $21.32. The impact to his portfolio due to this sale was -0.01%. Bill Frels still held 23,350 shares as of 06/30/2010.

Briggs & Stratton Corp. is one of the world's largest producers of air cooled gasoline engines for outdoor power equipment. Briggs & Stratton Corp. has a market cap of $873.1 million; its shares were traded at around $17.44 with a P/E ratio of 17.8 and P/S ratio of 0.4. The dividend yield of Briggs & Stratton Corp. stocks is 2.5%.

Reduced: Marshall & Ilsley Corp New Com (MI)

Bill Frels reduced to his holdings in Marshall & Ilsley Corp New Com by 66.32%. His sale prices were between $7.12 and $10.19, with an estimated average price of $8.38. The impact to his portfolio due to this sale was -0.02%. Bill Frels still held 128,158 shares as of 06/30/2010.

Marshall & Ilsley Corp. is a diversified financial services corporation. Marshall & Ilsley Corp New Com has a market cap of $3.52 billion; its shares were traded at around $6.67 with and P/S ratio of 1.4. The dividend yield of Marshall & Ilsley Corp New Com stocks is 0.6%.

Reduced: Supervalu Inc. (SVU)

Bill Frels reduced to his holdings in Supervalu Inc. by 20.21%. His sale prices were between $11.12 and $17.16, with an estimated average price of $14.13. The impact to his portfolio due to this sale was -0.04%. Bill Frels still held 579,424 shares as of 06/30/2010.

SUPERVALU is one of the nation's largest supermarket retailer and largest food distributor. Supervalu Inc. has a market cap of $2.34 billion; its shares were traded at around $11.05 with a P/E ratio of 5.9 and P/S ratio of 0.1. The dividend yield of Supervalu Inc. stocks is 3.3%. Supervalu Inc. had an annual average earning growth of 6.2% over the past 10 years.

Sold Out: Sei Investments Company (SEIC)

Bill Frels sold out his holdings in Sei Investments Company. His sale prices were between $20.23 and $24.34, with an estimated average price of $22.04.

SEI Investments is a global provider of asset management and investment technology solutions. Sei Investments Company has a market cap of $3.66 billion; its shares were traded at around $19.28 with a P/E ratio of 17.4 and P/S ratio of 3.5. The dividend yield of Sei Investments Company stocks is 1%. Sei Investments Company had an annual average earning growth of 18.8% over the past 10 years. GuruFocus rated Sei Investments Company the business predictability rank of 4-star.

Sold Out: Nokia Corp. (NOK)

Bill Frels sold out his holdings in Nokia Corp.. His sale prices were between $8.02 and $15.65, with an estimated average price of $11.31.

Nokia is the world leader in mobile communications. Nokia Corp. has a market cap of $33.93 billion; its shares were traded at around $9.06 with a P/E ratio of 9.6 and P/S ratio of 0.6. The dividend yield of Nokia Corp. stocks is 3.9%. Nokia Corp. had an annual average earning growth of 5.3% over the past 10 years.

Sold Out: Integrys Energy Group Inc. (TEG)

Bill Frels sold out his holdings in Integrys Energy Group Inc.. His sale prices were between $43.09 and $50.39, with an estimated average price of $47.01.

Integrys Energy Group is a diversified holding company with regulated utility operations operating through six wholly owned subsidiaries. Integrys Energy Group Inc. has a market cap of $3.7 billion; its shares were traded at around $48.09 with a P/E ratio of 17.4 and P/S ratio of 0.5. The dividend yield of Integrys Energy Group Inc. stocks is 5.8%.

Sold Out: Johnson Controls Inc. (JCI)

Bill Frels sold out his holdings in Johnson Controls Inc.. His sale prices were between $25.9 and $35.01, with an estimated average price of $30.38.

Johnson Controls, Inc. is a global market leader in automotive systems and facility management and control. Johnson Controls Inc. has a market cap of $18.78 billion; its shares were traded at around $27.91 with a P/E ratio of 15.2 and P/S ratio of 0.7. The dividend yield of Johnson Controls Inc. stocks is 1.8%.

Sold Out: General Dynamics Corp. (GD)

Bill Frels sold out his holdings in General Dynamics Corp.. His sale prices were between $59.43 and $78.67, with an estimated average price of $70.83.

General Dynamics Corp.'s primary businesses focus is on shipbuilding and marine systems, business aviation, information systems, and land and amphibious combat systems. General Dynamics Corp. has a market cap of $23.42 billion; its shares were traded at around $60.72 with a P/E ratio of 9.7 and P/S ratio of 0.8. The dividend yield of General Dynamics Corp. stocks is 2.7%. General Dynamics Corp. had an annual average earning growth of 13.7% over the past 10 years. GuruFocus rated General Dynamics Corp. the business predictability rank of 4.5-star.

Sold Out: The Boeing Company (BA)

Bill Frels sold out his holdings in The Boeing Company. His sale prices were between $60.11 and $75.59, with an estimated average price of $68.52.

The Boeing Company is one of the world's major aerospace firms. The Boeing Company has a market cap of $49.11 billion; its shares were traded at around $64.7 with a P/E ratio of 49.4 and P/S ratio of 0.8. The dividend yield of The Boeing Company stocks is 2.5%. The Boeing Company had an annual average earning growth of 8.5% over the past 5 years.

Sold Out: Anadarko Petroleum Corp. (APC)

Bill Frels sold out his holdings in Anadarko Petroleum Corp.. His sale prices were between $34.83 and $74.74, with an estimated average price of $56.98.

Anadarko Petroleum Corporation is one of the world's largest independentoil and gas exploration and production companies. Anadarko Petroleum Corp. has a market cap of $25.65 billion; its shares were traded at around $51.84 with a P/E ratio of 42.2 and P/S ratio of 2.9. The dividend yield of Anadarko Petroleum Corp. stocks is 0.6%. Anadarko Petroleum Corp. had an annual average earning growth of 12.8% over the past 10 years. GuruFocus rated Anadarko Petroleum Corp. the business predictability rank of 2-star.

Sold Out: Adobe Systems Inc. (ADBE)

Bill Frels sold out his holdings in Adobe Systems Inc.. His sale prices were between $26.9 and $36.25, with an estimated average price of $33.17.

Adobe Systems Incorporated is a provider of graphic design, publishing, and imaging software for Web and print production. Adobe Systems Inc. has a market cap of $14.71 billion; its shares were traded at around $28.01 with a P/E ratio of 22.8 and P/S ratio of 5. Adobe Systems Inc. had an annual average earning growth of 10.2% over the past 10 years. GuruFocus rated Adobe Systems Inc. the business predictability rank of 4-star.


Rating: 3.0/5 (8 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide