Pioneer Investments (Trades, Portfolio) added 42 holdings to its portfolio in the third quarter. The following are its top four new buys:
Pioneer purchased a 4,112,503-share stake in Masco Corp. (MAS, Financial), a Michigan-based manufacturer of home improvement and home construction products, for an average price of $34.59 per share. The transaction had a 0.52% impact on the portfolio.
Pioneer is Masco’s leading shareholder among the gurus. Its stake is 1.25% of the company’s outstanding shares.
Masco has a price-earnings (P/E) ratio of 23.21, a forward P/E of 16.78 and a price-sales (P/S) ratio of 1.44. GuruFocus gives Masco a Financial Strength rating of 5/10 and a Profitability and Growth rating of 6/10 with return on assets (ROA) of 8.17% that is higher than 77% of the companies in the Global Building Materials industry.
Masco sold for $32.26 per share Thursday. The DCF Calculator gives Masco a fair value of $14.88.
Pioneer bought a 1,588,622-share stake in Amphenol Corp. (APH, Financial), a Connecticut-based electronics company, for an average price of $60.78 per share. The deal had a 0.38% impact on the portfolio.
Amphenol’s leading shareholder among the gurus is First Eagle Investment (Trades, Portfolio) with a stake of 3,900,926 shares. The stake is 1.26% of Amphenol’s outstanding shares.
Amphenol has a P/E ratio of 27.28, a forward P/E of 23.36, a price-book (P/B) ratio of 5.64 and a P/S ratio of 3.47. GuruFocus gives Amphenol a Financial Strength rating of 6/10 and a Profitability and Growth rating of 9/10 with return on equity (ROE) of 23.15% that is higher than 93% of the companies in the Global Electronic Components industry and ROA of 10.04% that is higher than 87% of the companies in that industry.
Amphenol sold for $68.01 per share Thursday. The DCF Calculator gives Amphenol a fair value of $50.28.
Pioneer invested in a 1,952,986-share stake in Charles Schwab Corp. (SCHW, Financial), a San Francisco-based brokerage and banking company, for an average price of $29.32 per share. The transaction had a 0.23% impact on the portfolio.
Dodge & Cox is Charles Schwab’s leading shareholder among the gurus with a stake of 101,788,384 shares. The stake is 7.68% of Charles Schwab’s outstanding shares.
Charles Schwab has a P/E ratio of 30.08, a forward P/E of 24.45, a P/B ratio of 3.69 and a P/S ratio of 6.86. GuruFocus gives Charles Schwab a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10 with ROE of 11.50% that is higher than 76% of the companies in the Global Capital Markets industry and ROA of 0.94% that is lower than 54% of the companies in that industry.
Charles Schwab sold for $37.01 per share Wednesday. The DCF Calculator gives Charles Schwab a fair value of $13.16.
Charles Schwab is endowing a 21-credit workshop in financial planning and wealth management at Indiana University’s Kelley School of Business.
Pioneer purchased a 1,334,922-share stake in Sealed Air Corp. (SEE, Financial), a North Carolina-based packaging company, for an average price of $47.03 per share. The deal had a 0.22% impact on the portfolio.
Andreas Halvorsen (Trades, Portfolio) is Sealed Air’s leading shareholder among the gurus with a stake of 4,354,411 shares. The stake is 2.25% of Sealed Air’s outstanding shares.
Sealed Air has a P/E ratio of 22.16, a forward P/E of 15.70, a P/B ratio of 16.65 and a P/S ratio of 1.40. GuruFocus gives Sealed Air a Financial Strength rating of 4/10 and a Profitability and Growth rating of 8/10 with ROE of 79.79% that is higher than 99% of the companies in the Global Packaging & Containers industry and ROA of 5.69% that is higher than 63% of the companies in that industry.
Sealed Air sold for $47.67 per share Thursday. The DCF Calculator gives Sealed Air a fair value of $23.01.
Disclosure: I do not own any stocks mentioned in this article.
Start a free seven-day trial of Premium Membership to GuruFocus.
