Tweedy, Browne Company sold shares of the following stocks in the third quarter.
The guru reduced its holding of AGCO Corp. (AGCO) by 7.03%, impacting the portfolio by -0.14%.
The manufacturer of agricultural equipment has a market cap of $5.64 billion and an enterprise value of $7.45 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. While the return on equity (ROE) of 7.08% is outperforming the sector, return on assets (ROA) of 2.69% is underperforming 52% of the companies in the Global Farm and Construction Equipment industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.15 is below the industry median of 0.57.
Tweedy Browne (Trades, Portfolio) is the largest shareholder of the company among the gurus with 1.18% of outstanding shares followed by Tweedy Browne (Trades, Portfolio) Global Value with 0.75% and First Pacific Advisors (Trades, Portfolio) with 0.29%.
The firm trimmed its position in Unilever NV ADR (UN) by 8.03%. The trade had an impact of -0.06% on the portfolio.
The company is a supplier of household products. It has a market cap of $166.77 billion and an enterprise value of $156.44 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 36.87% and ROA of 10.29% are outperforming 82% of the companies in the Global Household and Personal Products industry. Financial strength has a rating of 7 out of 10 with no debts.
The largest shareholder of the company among the gurus is Tom Russo (Trades, Portfolio) with 0.52% of outstanding shares followed by Donald Yacktman (Trades, Portfolio) with 0.04% and Yacktman Fund (Trades, Portfolio) with 0.03%.
The ConocoPhillips (COP) position was reduced by 2.22%. The transaction had an impact of -0.06% on the portfolio.
The producer and explorer of crude oil and natural gas has a market cap of $60.65 billion and an enterprise value of $70.17 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of -7.38% and ROA of -2.91% are underperforming 61% of the companies in the Global Oil and Gas E&P industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.56 is above the industry median of 0.55.
Barrow, Hanley, Mewhinney & Strauss is the largest shareholder of the company among the gurus with 2.43% of outstanding shares followed by First Eagle Investment (Trades, Portfolio) with 0.89%, Yacktman with 0.29% and Tweedy Browne (Trades, Portfolio) with 0.16%.
The guru's holding of Devon Energy Corp. (DVN) was cut by 2.07%, impacting the portfolio by -0.06%.
The independent energy company has a market cap of $19.5 billion and an enterprise value of $31.92 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 23.81% and ROA of 5.81% are outperforming 87% of the companies in the Global Oil and Gas E&P industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.27 is below the industry median of 0.55.
The largest shareholder of the company among the gurus is Barrow, Hanley, Mewhinney & Strauss with 1.02% of outstanding shares followed by First Eagle Investment (Trades, Portfolio) with 0.93% and Jim Simons (Trades, Portfolio) with 0.65%.
The firm reduced its shares in Halliburton Co. (HAL) by 1.17%. The trade had an impact of -0.05% on the portfolio.
The oilfield services company has a market cap of $36.04 billion and an enterprise value of $45.1 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 2.30% and ROA of 0.82% are outperforming 61% of the companies in the Global Oil & Gas Equipment & Services industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.17 is below the industry median of 0.50.
Sarah Ketterer (Trades, Portfolio) is the largest shareholder of the company among the gurus with 0.59% of outstanding shares followed by Richard Pzena (Trades, Portfolio) with 0.46% and Tweedy Browne (Trades, Portfolio) with 0.4%.
Berkshire Hathaway Inc Class B (BRK.B) stake was reduced by 2.78%, impacting the portfolio by -0.04%.
The holding company has a market cap of $468.49 billion and an enterprise value of $464.25 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. While the ROE of 6.42% is underperforming the sector, ROA of 2.89% is outperforming 62% of the companies in the Global Insurance - Diversified industry. Financial strength has a rating of 5 out of 10 with a cash-debt ratio of 0.42.
The largest shareholder of the company among the gurus is Bill Gates (Trades, Portfolio) with 2.78% of outstanding shares followed by Ken Fisher (Trades, Portfolio) with 0.12%, Russo with 0.1% and Ruane Cunniff (Trades, Portfolio) with 0.08%.
The Emerson Electric Co. (EMR) position was trimmed by 1.58%. The trade had an impact of -0.04% on the portfolio.
The company has a market cap of $40.99 billion and an enterprise value of $42.64 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 18.99% and ROA of 7.95% are outperforming 77% of the companies in the Global Diversified Industrials industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.66 is below the industry median of 1.05.
T Rowe Price Equity Income Fund (Trades, Portfolio) is the largest shareholder of the company among the gurus with 0.52% of outstanding shares followed by Jeremy Grantham (Trades, Portfolio) with 0.46% and Charles Brandes (Trades, Portfolio) with 0.22%.
The firm also reduced its shares in Johnson & Johnson (JNJ) by 0.28%, impacting the portfolio by -0.03%.
The company is manufacturer and seller of products in the health care field. It has a market cap of $375.6 billion and an enterprise value of $394.54 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 22.02% and ROA of 10.77% are outperforming 81% of the companies in the Global Drug Manufacturers - Major industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.46 is below the industry median of 2.89.
The largest shareholder of the company among the gurus is Fisher with 0.44% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 0.39% and Yacktman with 0.21%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
