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Ken Fisher’s Top Increases of the Fourth Quarter

January 15, 2014 | About:
Monica Wolfe

Monica Wolfe

122 followers

CEO and CIO of Fisher Investments, Ken Fisher, had a pretty busy fourth quarter. Fisher purchased a total of 60 new stocks and sold out of 48 others. His fourth quarter portfolio holds 528 stocks and is valued at over $44.364 billion. The following five stocks represent the five companies where Fisher made the largest increase in holdings.

Siemens AG (SI)

Over the past quarter Ken Fisher (Trades, Portfolio) made his largest increase in the company Siemens AG.  Fisher upped his stake 3971.79%, adding a total of 3,399,215 shares of the company’s stock.  The guru bought these shares at an estimated average quarterly price of $128.75 per share.  Since his buy the price per share is trading up approximately 6.7%. 

Fisher now holds on to 3,484,799 shares of Siemens stock, representing 1.1% of his total portfolio and 0.41% of the company’s shares outstanding. 

Fisher’s holding history as of the fourth quarter:

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Siemens is a Germany-based Company which is engaged in electronics and electrical engineering. The company's operations are focused on three sectors. These Sectors are Industry, Energy and Healthcare.

Siemens’ historical revenue and net income:

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The analysis on Siemens reports that the company’s operating margin is expanding, its revenue has slowed down over the past year and the price is sitting near a 2-year high. The analysis also notes that the company has issued EUR1.3 billion of debt over the past three years, but that debt level is acceptable.

The Peter Lynch Chart suggests that the company is currently overvalued:

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Siemens AG has a market cap of $115.77 billion. Its shares are currently trading at around $137.33 with a P/E ratio of 20.10, a P/S ratio of 1.10 and a P/B ratio of 2.90. The company had an annual average earnings growth of 7.00% over the past ten years.

GuruFocus rated Siemens the business predictability rank of 2-star.

Safran SA (SAFRY)

Fisher made another notable increase in Safran SA where he upped his position by 570.76%.  The guru purchased a total of 119,742 shares of the company’s stock over the duration of the fourth quarter.  He bought these shares in the fourth quarter price range of $15.00 to $17.37, with an estimated average quarterly price of $16.11 per share.  The price per share has increased approximately 12.4% since then.

Fisher now holds on to 296,638 shares of the company’s stock, representing 0.012% of his total portfolio and 0.07% of the company’s shares outstanding.

Fisher’s historical holding history of Safran:

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Safran SA's core businesses are aerospace, defense and security, manufacturing engines and equipment for air and space, defense electronics and security solutions.

Safran’s historical revenue and net income:

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The analysis on Safran reports that the company’s asset growth is currently faster than its revenue growth, its price is sitting near a 5-year high and its P/S and P/E ratios are currently trading at historical highs.

The Peter Lynch Chart suggests that the company is currently overvalued:

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Safran has a market cap of $30.33 billion.  Its shares are currently trading at around $18.21 with a P/E ratio of 17.20, a P/S ratio of 1.50 and a P/B ratio of 0.90.  The dividend yield of Safran stocks is 1.50%.  The company had an annual average earnings growth of 49.10% over the past five years.

Stryker Corporation (SYK)

The third largest increase Fisher made over the fourth quarter was in Stryker Corporation where he upped his holdings 148.61%. The guru purchased 11,889 shares over the past quarter for an estimated average quarterly price of $72.95 per share.  Since his buy the price per share has gone up approximately 7.1%.

Fisher now holds on to 19,889 shares of Stryker Corporation, representing 0.01% of the company’s shares outstanding and 0.0034% of his total portfolio.

Fisher’s holding history of Stryker:

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Stryker is a medical technology company. The Company's products include implants used in joint replacement and trauma surgeries; surgical equipment and surgical navigation systems; patient handling and emergency medical equipment; neurosurgical, neurovascular and spinal devices; as well as other medical device products used in a variety of medical specialties.

Stryker’s historical revenue and net income:

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The analysis on Stryker reports that the company’s price is near a 10-year high, its revenue has slowed down over the past year and over the past three years the company has issued $1.8 billion of debt.

The Peter Lynch Chart suggests that the company is currently overvalued:

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Beacon Roofing Supply (BECN)

Over the past quarter Fisher upped his holdings in Beacon Roofing Supply 143.74% by purchasing a total of 382,530 shares.  He bought these shares at the estimated average quarterly price of $36.29 per share, and since his increase the price per share is up 12.3%. 

Fisher now holds on to 648,655 shares of Beacon Roofing Supply, representing 0.059% of his total portfolio as well as 1.33% of the company’s shares outstanding.

Fisher’s historical holding history:

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Beacon Roofing Supply is a distributor of residential and non-residential roofing materials in the United States and Canada. It also distributes other complementary building materials, including siding, windows, and specialty lumber products and waterproofing systems for residential and nonresidential building exteriors.

Beacon Roofing Supply’s historical revenue and earnings growth:

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The analysis on Beacon reports that the company’s price is near a 10-year high, it has shown predictable revenue and earnings growth and its operating margin is expanding.

The Peter Lynch Chart suggests that the company is currently overvalued:

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Beacon Roofing Supply has a market cap of $1.98 billion.  Its shares are currently trading at around $40.25 with a P/E ratio of 27.50, a P/S ratio of 0.90 and a P/B ratio of 2.60.  Beacon Roofing Supply had an annual average earnings growth of 14.50% over the past ten years.

GuruFocus rated Beacon Roofing Supply the business predictability rank of 2-star

PrivateBancorp (PVTB)

The guru also made a notable increase in his position PrivateBancorp.  He upped his stake in the company 120.18% by purchasing a total of 206,475 shares of the company’s stock.  He bought these shares in the fourth quarter price range of $20.90 to $29.25, with an estimated average quarterly price of $25.75.  Since then the price per share is up about 10.3%.

Fisher now holds on to 378,275 shares, representing 0.025% of his total portfolio and 0.49% of the company’s shares outstanding.

Fisher’s holding history of PrivateBancorp:

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The company, through its subsidiaries, provides customized business and personal financial services to middle-market commercial and commercial real estate companies as well as business owners, executives, entrepreneurs and wealthy families.

PrivateBancorp’s historical revenue and earnings growth:

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The analysis on PrivateBancorp reports that the company’s revenue has been in decline over the past five years, its price is sitting near its 5-year high and its dividend yield is near a 10-year low.

The Peter Lynch Chart suggests that the company is currently overvalued:

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PrivateBancorp has a market cap of $2.2 billion.  Its shares are currently trading at around $28.28 with a P/E ratio of 20.10, a P/S ratio of 4.10 and a P/B ratio of 1.70. 

Check out Fisher’s complete fourth quarter portfolio here.

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