Mairs and Power (Trades, Portfolio) had an interesting fourth quarter, adding and reducing holdings in familiar and not-so-familiar names and rearranging its 20 most-valuable stakes.
Mairs and Power (Trades, Portfolio)’s most significant fourth-quarter deal was a 46% increase in its stake in Hormel Foods Corp. (HRL, Financial), an Austin, Minnesota-based food processing company. Mairs and Power (Trades, Portfolio) purchased 1,284,486 shares for an average price of $35.71 per share. The transaction had a 0.76% impact on Mairs and Power (Trades, Portfolio)’s portfolio.
The stake, now 4,057,218 shares, is 0.77% of Hormel’s outstanding shares and 2.4% of Mairs and Power (Trades, Portfolio)’s total assets. Mairs and Power (Trades, Portfolio) is Hormel’s leading shareholder among the gurus.
Hormel has a P/E of 31.7, a forward P/E of 26.9, a P/B of 5.5 and a P/S of 2.6. GuruFocus gives Hormel a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10.
Hormel sold for $43.7 per share Friday. The company became the 12th-most valuable stake in Mairs and Power (Trades, Portfolio)’s portfolio with the purchase.
Mairs and Power (Trades, Portfolio) hiked its stake in Pfizer Inc. (PFE, Financial), a New York-based pharmaceutical company, by more than 27%. Mairs and Power (Trades, Portfolio) acquired 833,414 shares for an average price of $33.17 per share. The deal had a 0.4% impact on Mairs and Power (Trades, Portfolio)’s portfolio.
The stake, now 3,897,329 shares, is 0.06% of Pfizer’s outstanding shares and 1.89% of Mairs and Power (Trades, Portfolio)’s total assets. Barrow, Hanley, Mewhinney & Strauss is Pfizer’s leading shareholder among the gurus with a stake of 53,862,996 shares. The stake is 0.87% of Pfizer’s outstanding shares and 2.59% of the guru’s total assets.
Pfizer has a P/E of 22.1, a forward P/E of 11.9, a P/B of 2.8 and a P/S of 3.9. GuruFocus gives Pfizer a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
Pfizer sold for $29.45 per share Friday.
Mairs and Power (Trades, Portfolio) boosted its stake in Zimmer Biomet Holdings Inc. (ZBH, Financial), a Warsaw, Indiana-based medical device company, by nearly 41% with the purchase of 216,743 shares for an average price of $100.92 per share. The transaction had a 0.33% impact on Mairs and Power (Trades, Portfolio)’s portfolio.
The stake, now 745,878 shares, is 0.38% of Zimmer Biomet’s outstanding shares and 1.15% of Mairs and Power (Trades, Portfolio)’s total assets. Zimmer Biomet’s leading shareholder among the gurus is HOTCHKIS & WILEY with a stake of 2,403,976 shares. The stake is 1.21% of Zimmer Biomet’s outstanding shares and 1% of the guru’s total assets.
Zimmer Biomet has a P/E of 124.4, a forward P/E of 12, a P/B of 2.1 and a P/S of 3.3. GuruFocus gives Zimmer Biomet a Financial Strength rating of 4/10 and a Profitability and Growth rating of 7/10.
Zimmer Biomet sold for $104.51 per share Friday.
Mairs and Power (Trades, Portfolio) raised its stake in St. Jude Medical Inc. (STJ, Financial), a medical device company based in Little Canada, Minnesota, by more than 11%. The guru bought 231,515 shares for an average price of $63.04 per share. The deal had a 0.21% impact on Mairs and Power (Trades, Portfolio)’s portfolio.
The stake, now 2,258,163 shares, is 0.8% of St. Jude Medical’s outstanding shares and 2.09% of Mairs and Power (Trades, Portfolio)’s total assets. Vanguard Health Care Fund (Trades, Portfolio) is St. Jude Medical’s leading shareholder among the gurus with a stake of 6,123,679 shares. The stake is 2.16% of St. Jude Medical’s outstanding shares and 0.75% of Vanguard’s total assets.
St. Jude Medical has a P/E of 17.8, a forward P/E of 12.5, a P/B of 3.8 and a P/S of 2.8. GuruFocus gives St. Jude Medical a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
St. Jude Medical sold for $54.71 per share Friday. The stake is 18th-most valuable in Mairs and Power (Trades, Portfolio)’s portfolio.
Mairs and Power (Trades, Portfolio) hiked its stake in Proto Labs Inc. (PRLB, Financial), a Maple Plain, Minnesota-based producer of parts used in medical devices, electronics, appliances and consumer products, by more than 350%. Mairs and Power (Trades, Portfolio) purchased 169,775 shares for an average price of $64.51 per share. The transaction had a 0.16% impact on Mairs and Power (Trades, Portfolio)’s portfolio.
The stake, now 218,219 shares, is 0.83% of Proto Labs’ outstanding shares and 0.21% of Mairs and Power (Trades, Portfolio)’s total assets. Mairs and Power (Trades, Portfolio) is Proto Labs’ leading shareholder among the gurus.
Proto Labs has a P/E of 43.5, a forward P/E of 33.2, a P/B of 6.1 and a P/S of 7.6. GuruFocus gives Proto Labs a Financial Strength rating of 9/10 and a Profitability and Growth rating of 7/10.
Proto Labs sold for $76.59 per share Friday.
Mairs and Power (Trades, Portfolio) trimmed its stake in Emerson Electric Co. (EMR, Financial), a Ferguson, Missouri-based electrical equipment company, by more than 17%. Mairs and Power (Trades, Portfolio) sold 621,917 shares for an average price of $47.72 per share. The deal had a -0.43% impact on Mairs and Power (Trades, Portfolio)’s portfolio.
The remaining stake of 2,978,510 shares is 0.46% of Emerson Electric’s outstanding shares and 2.14% of Mairs and Power (Trades, Portfolio)’s total assets. T Rowe Price Equity Income Fund (Trades, Portfolio) is Emerson Electric’s leading shareholder among the gurus with a stake of 5,325,000 shares. The stake is 0.83% of Emerson Electric’s outstanding shares and 1.15% of the guru’s total assets.
Emerson Electric has a P/E of 14.4, a forward P/E of 16.4, a P/B of 4.7 and a P/S of 1.7. GuruFocus gives Emerson Electric a Financial Strength rating of 9/10 and a Profitability and Growth rating of 7/10.
Emerson Electric sold for $54.64 per share Friday. The stake remained the 17th-most valuable in Mairs and Power (Trades, Portfolio)’s portfolio.
Mairs and Power (Trades, Portfolio) sold more than 10% of its stake in Toro Co. (TTC, Financial), a Bloomington, Minnesota-based manufacturer of lawn mowers, snow blowers and irrigation system supplies. The guru sold 242,087 shares for an average price of $74.95 per share. The transaction had a -0.27% impact on Mairs and Power (Trades, Portfolio)’s portfolio.
The remaining stake of 2,156,862 shares is 3.96% of Toro’s outstanding shares and 2.36% of the guru’s total assets. Mairs and Power (Trades, Portfolio) is Toro’s leading shareholder among the gurus.
Toro has a P/E of 23.2, a forward P/E of 19.7, a P/B of 10.2 and a P/S of 2. GuruFocus gives Toro a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Toro sold for $85.9 per share Friday. Toro traded places with Hormel and dropped to 13th-most valuable status in Mairs and Power (Trades, Portfolio)’s portfolio.
Mairs and Power (Trades, Portfolio) reduced its stake in Honeywell International Inc. (HON, Financial), a Morris Plains, New Jersey-based company that produces commercial and consumer products, engineering services and aerospace systems, by more than 6%. The guru sold 143,286 shares for an average price of $102.24 per share. The deal had a -0.21% impact on Mairs and Power (Trades, Portfolio)’s portfolio.
The remaining stake of 2,223,982 shares is 0.29% of Honeywell’s outstanding shares and 3.45% of Mairs and Power (Trades, Portfolio)’s total assets. Honeywell’s leading shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with a stake of 12,494,143 shares. The stake is 1.62% of Honeywell’s outstanding shares and 1.93% of the guru’s total assets.
Honeywell is Mairs and Power (Trades, Portfolio)’s sixth-most valuable stake.
Honeywell has a P/E of 18.5, a forward P/E of 15.4, a P/B of 4.7 and a P/S of 2.3. GuruFocus gives Honeywell a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Honeywell sold for $112.1 per share Friday.
Mairs and Power (Trades, Portfolio) trimmed its stake in Deluxe Corp. (DLX, Financial), a Shoreview, Minnesota-based provider of customized products for commercial and individual use, by nearly 16%. The guru sold 122,198 shares for an average price of $57.74 per share. The transaction had a -0.11% impact on Mairs and Power (Trades, Portfolio)’s portfolio.
The remaining stake of 659,894 shares is 1.35% of Deluxe’s outstanding shares and 0.54% of Mairs and Power (Trades, Portfolio)’s total assets. Mairs and Power (Trades, Portfolio) is Deluxe’s leading shareholder among the gurus.
Deluxe has a P/E of 14, a forward P/E of 11.4, a P/B of 4 and a P/S of 1.7. GuruFocus gives Deluxe a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10.
Deluxe sold for $60.91 per share Friday.
Mairs and Power (Trades, Portfolio) sold more than 8% of its stake in Badger Meter Inc. (BMI, Financial), a Milwaukee-based manufacturer of products using flow measurement and control technologies. The guru sold 106,197 shares for an average price of $59.64 per share. The deal had a -0.1% impact on Mairs and Power (Trades, Portfolio)’s portfolio.
The remaining stake of 1,175,731 shares is 8.1% of Badger Meter’s outstanding shares and 1.03% of Mairs and Power (Trades, Portfolio)’s total assets. Mairs and Power (Trades, Portfolio) is Badger Meter’s leading shareholder among the gurus.
Badger Meter has a P/E of 36.6, a forward P/E of 26.9, a P/B of 4.2 and a P/S of 2.5. GuruFocus gives Badger Meter a Financial Strength rating of 9/10 and a Profitability and Growth rating of 7/10.
Badger Meter sold for $65.91 per share Friday.
Mairs and Power (Trades, Portfolio) reduced its stake in Stratasys Ltd. (SSYS, Financial), manufacturer of 3D printers and 3D production systems, by nearly 15%. The guru sold 228,925 shares for an average price of $26.32 per share. The transaction had a -0.1% impact on Mairs and Power (Trades, Portfolio)’s portfolio.
The remaining stake of 1,305,313 shares is 2.51% of Stratasys’ outstanding shares and 0.46% of Mairs and Power (Trades, Portfolio)’s total assets. Stratasys’ leading shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with a stake of 3,285,000 shares. The stake is 6.31% of Stratasys’ outstanding shares and 0.08% of PRIMECAP’s total assets.
Stratasys has a forward P/E of 147.1, a P/B of 1 and a P/S of 1.73. GuruFocus gives Stratasys a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
Stratasys sold for $25.01 per share Friday.
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