Mairs and Power

Mairs and Power

Last Update: 08-14-2017

Number of Stocks: 199
Number of New Stocks: 4

Total Value: $8,272 Mil
Q/Q Turnover: 3%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Mairs and Power' s Profile & Performance

Profile

Mairs and Power Inc is a small firm whose strength and success has resulted from applying a conservative growth investment approach consistently for over 70 years. Both the Growth and Balanced Funds are built on a foundation of selected quality growth stocks purchased at what management considers to be reasonable valuation levels. When these securities are purchased, the intention is to hold these issues for relatively long periods of time to maximize tax-efficiency and allow the power of compounding to build wealth for its shareholders. However, sales are made on occasion in response to such factors as changing fundamentals, investment strategy shifts, and excessive valuation.

Bill Frels is the portfolio manager at Mairs & Power, the investment advisory firm where he started in 1992. Frels plans to retire at the end of 2014, but will remain as the chairman of the investment committee and a shareholder.

Web Page:http://www.mairsandpower.com/

Investing Philosophy

Mairs & Powers follows a consistent and conservative investment approach. Mutual funds and individual accounts are built on quality growth stocks and fixed income securities. Equity securities are held for relatively long periods of time to maximize tax efficiency. Fixed income securities are held to maturity.

Total Holding History

Performance of Mairs & Power Growth Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201615.3811.963.4
2015-3.071.38-4.4
20148.1213.69-5.6
3-Year Cumulative20.9 (6.5%/year)29 (8.9%/year)-8.1 (-2.4%/year)
201335.6432.393.2
201221.91165.9
5-Year Cumulative100 (14.9%/year)98.2 (14.7%/year)1.8 (0.2%/year)
20110.742.11-1.4
201017.415.062.3
200922.5226.46-3.9
2008-28.51-378.5
20074.95.49-0.6
10-Year Cumulative117.3 (8.1%/year)95.7 (6.9%/year)21.6 (1.2%/year)
200610.2415.79-5.6
20054.374.91-0.5
200417.9910.887.1
200326.3328.68-2.4
2002-8.12-22.114.0
15-Year Cumulative242.4 (8.6%/year)164.2 (6.7%/year)78.2 (1.9%/year)
20016.48-11.8918.4
200026.48-9.135.6
19997.1621.04-13.9
19989.3628.58-19.2
199728.6633.36-4.7
20-Year Cumulative595.2 (10.2%/year)339.2 (7.7%/year)256 (2.5%/year)
199627.7622.964.8
199547.737.5810.1
19945.661.324.3
199312.8310.082.8
19927.877.620.2
25-Year Cumulative1587.1 (12%/year)791.8 (9.1%/year)795.3 (2.9%/year)
199142.0530.4711.6
19903.63-3.16.7
198928.0631.69-3.6
198810.0316.61-6.6
1987-2.335.1-7.4
30-Year Cumulative3317.9 (12.5%/year)1719.7 (10.2%/year)1598.2 (2.3%/year)
198611.5418.6-7.1
198534.7731.63.2
1984-2.026.1-8.1
198315.7622.4-6.6
198239.1621.417.8
35-Year Cumulative8009.4 (13.4%/year)4377.7 (11.5%/year)3631.7 (1.9%/year)
1981-3.86-51.1
198016.2732.3-16.0

Top Ranked Articles

Mairs & Power Comments on Alphabet Guru stock highlight
One such stock is Alphabet (NASDAQ:GOOG) the holding company parent of Google, the leader in on-line search engines. While the company is headquartered outside of the Upper Midwest where many of our investments are located, it is an example of a stock that fits our investment approach in most other ways. The company enjoys above average growth, maintains a durable competitive advantage globally and is attractively valued. Read more...
Mairs & Power Comments on Agree Guru stock highlight
As interest rates declined, Agree (NYSE:ADC)’s 4%+ dividend looked quite attractive to the market, benefiting the stock. Looking forward, we also believe Agree has a well-positioned commercial real estate portfolio with smaller footprints in high-traffic urban areas. Read more...
General Mills Slides on Disappointing Earnings Weak yogurt sales continue to weigh the company down
Cereal and yogurt manufacturer General Mills Inc. (NYSE:GIS) reported disappointing results for the first quarter of fiscal 2018 before the opening bell on Sept. 20. Read more...
Mairs & Power Comments on MTS Systems Guru stock highlight
Not every M&A transaction is necessarily positive for investors and we evaluate each based on its individual merits. That is why, earlier this year, when MTS Systems (NASDAQ:MTSC) announced the acquisition of sensor maker PCB Group for $580 million, we decided it was time to exit the stock. In addition to our concerns about execution of the current business, we did not believe the strategy behind the acquisition was solid. It added to the company’s existing sensor business, where the company does not enjoy a strong competitive advantage, and it diluted MTS’s durable competitive advantage in its core test business while adding substantial leverage to the balance sheet. Read more...
Mairs & Power Comments on Target Guru stock highlight
The biggest mover in our portfolio last quarter was Target (NYSE:TGT) which was down nearly 30 percent in the period. The company, like many brick-and-mortar retailers, is being hurt by on-line sales. Management has responded and has taken several steps to become more competitive online, as well as to boost in store traffic, which has been declining. While Target’s on-line sales have grown, they are less profitable than in-store sales, causing us to re-evaluate our outlook for the company’s profitability and growth potential as we continue to hold Target in the Fund. While we have seen many of Target’s competitors struggle even more, some even disappearing, we believe Target is a long term survivor that should benefit from the industry shake up currently underway. Read more...
» More Mairs and Power Articles

Commentaries and Stories

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General Mills Slides on Disappointing Earnings Weak yogurt sales continue to weigh the company down Mairs and Power,George Soros,Ray Dalio - General Mills Slides On Disappointing Earnings
Cereal and yogurt manufacturer General Mills Inc. (NYSE:GIS) reported disappointing results for the first quarter of fiscal 2018 before the opening bell on Sept. 20. More...

GENERAL MILLS, 1Q, EARNINGS, MISS, DOWN


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Mairs and Power Finds Value and Growth Close to Home This Minnesota-based firm tries to find companies based in the Upper Midwest so it can get to know them, have better access to management Mairs and Power - Mairs And Power Finds Value And Growth Close To Home
Every guru finds a route to success, some unique edge in identifying reasonably priced companies that have more potential than average. More...

GURU, INVESTMENT GURU, MAIRS & POWER, ST. PAUL, REGIONAL, MUTUAL FUNDS, GROWTH, LONG-TERM, EQUITY, LARGE CAP, COMPETITIVE SUSTAINABILITY, MOAT, INDUSTRIALS, OUTPERFORMANCE


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Mairs & Power Comments on 3M Guru stock highlight
In addition, we believe we are at an end to the historic ultra-low interest rate environment of the past several years. The interest rate outlook is something we pay attention to as equity investors. The low interest rate environment of the past several years has led to a market posture, broadly speaking, where investors have favored dividend paying stocks over bonds. Comparing 3M corporate debt to 3M stock (NYSE:MMM) illustrates the point nicely. During September 2016, 3M issued a new 10 year bond paying 2.25 percent. Meanwhile the dividend yield on 3M stock was roughly 2.50 percent, creating a significant relative value challenge to the bonds. For example, if you invested $100 in a 3M bond, you would earn $2.25 annually and get your $100 back when the bond matured at the end of 10 years. If you invested $100 in 3M stock you would get $250 the first year and quite likely more the next year and subsequent years (3Ms dividend has grown 15 percent annually for the past five years) and you’d also expect your $100 investment in the stock to be worth more after ten years. Thus, aside from the relative safety of bonds vs. stocks, bonds More...

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Mairs & Power Comments on Tennant Company Guru stock highlight
Even with the market run up since the election, we are still finding opportunities for investment. Tennant Company (NYSE:TNC) is a Minneapolis-based firm we have been following for several years and just recently added to our buy list. The company is a leader in commercial scrubbers and sweepers for office, warehouse and retail store environments where labor is the largest component of cost. In a seemingly low-tech industry, Tennant has been investing more heavily in research and development than its competition. The company’s newest machines incorporate on-board technology that provides user manuals in multiple languages, predictive maintenance alerts and telemetry to track machine locations and improve productivity. Longer-term, Tennant has partnered with a robotics company to develop autonomous floor sweepers and scrubbers that could operate without a human driver during off hours when a facility is closed. We predict that over the long-term, Tennant will successfully commercialize this technology, giving it a significant competitive advantage, premium pricing and above average margins. More...

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Mairs & Power Comments on Target Guru stock highlight
The biggest mover in our portfolio last quarter was Target (NYSE:TGT) which was down nearly 30 percent in the period. The company, like many brick-and-mortar retailers, is being hurt by on-line sales. Management has responded and has taken several steps to become more competitive online, as well as to boost in store traffic, which has been declining. While Target’s on-line sales have grown, they are less profitable than in-store sales, causing us to re-evaluate our outlook for the company’s profitability and growth potential as we continue to hold Target in the Fund. While we have seen many of Target’s competitors struggle even more, some even disappearing, we believe Target is a long term survivor that should benefit from the industry shake up currently underway. More...

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Mairs & Power Growth Fund First Quarter Results Commentary on markets and holdings Mairs and Power - Mairs & Power Growth Fund First Quarter Results
On rare occasions, a seemingly small change can be an early indicator of a turning point in an important long-term trend with profound implications for the future. We may be witnessing such a tipping point in the first quarter of 2017. After nearly 35 years of generally declining interest rates, the bond market appears to be at an inflection point and interest rates globally may have bottomed. More...

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High Predictability Guru Stocks All-in-One Screener ranks best companies Bill Gates,Mairs and Power,Pioneer Investments,Chr - High Predictability Guru Stocks
According to GuruFocus’ All-in-One Screener, the following stocks have high business predictability ratings and total returns since the beginning of the year are positive. At least five gurus are shareholders in the companies. More...

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8 Undervalued Stocks With Growing Book Values Companies with a wide margin of safety Mairs and Power,Pioneer Investments - 8 Undervalued Stocks With Growing Book Values
The following companies have grown their book values per share (BV/S) over the last 10 years. More...

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Bill Nygren Sells Bank of America, T. Rowe Price, Goldman Sachs The guru's largest 4th-quarter deals Bill Nygren,Mairs and Power,Manning & Napier Advis - Bill Nygren Sells Bank Of America, T. Rowe Price, Goldman Sachs
Bill Nygren (Trades, Portfolio) is portfolio manager of the Oakmark Fund, the Oakmark Select Fund and the Oakmark Global Select Fund. During the fourth quarter the guru sold shares in the following stocks: More...

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Robert Olstein Exits Pentair, Brady, Trims WestRock An overview of the guru's most important sales of the 3rd quarter Robert Olstein,Mairs and Power,T Rowe Price Equity - Robert Olstein Exits Pentair, Brady, Trims WestRock
Robert Olstein (Trades, Portfolio) is the chairman and chief investment officer of the Olstein Financial Alert Fund. During the third quarter the guru sold shares in the following stocks: More...

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Mairs & Power Comments on Agree Guru stock highlight
As interest rates declined, Agree (NYSE:ADC)’s 4%+ dividend looked quite attractive to the market, benefiting the stock. Looking forward, we also believe Agree has a well-positioned commercial real estate portfolio with smaller footprints in high-traffic urban areas. More...

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Mairs & Power Comments on Gentherm Guru stock highlight
Gentherm (NASDAQ:THRM) likewise lowered its guidance for the year as heated and cooled automotive seating has not grown as quickly as anticipated. We believe penetration is still relatively low and growth should improve in this key market. We are also excited by the company’s new product that will help regulate battery temperature in hybrid cars, improving battery productive life. It’s worth noting we had trimmed both positions on previous strength and are now taking advantage of current weakness to buy back some of those shares at more reasonable valuations. More...

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Mairs & Power Comments on Oshkosh Truck Guru stock highlight
Oshkosh Truck (NYSE:OSK) has benefited from strong end markets in fire and emergency vehicles and a more stable end market in construction-related aerial lift platforms. But the business development we are most excited by is their win of the joint forces light tactical vehicle contract to replace an aging Humvee fleet for the U.S. military. While this contract will take time to ramp up, we believe it will be a significant piece of business for Oshkosh over the next decade. More...

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Mairs & Power Small Cap Fund 3rd Quarter Results Market and holdings overview Mairs and Power - Mairs & Power Small Cap Fund 3rd Quarter Results
The market continued its nervous advance with the only consensus opinion being “uncertainty.” For the quarter and the first nine months, the S&P 500 Total Return (TR) was 3.85% and 7.84% respectively and the Dow Jones Industrial Average TR was 2.78% and 7.21%. Our other key benchmark, the Barclays Government/Credit Bond Index Return was 0.40% and 6.66% for the third quarter and year-to-date. More...

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Mairs & Power Comments on Wells Fargo Guru stock highlight
Another name in the Fund that has been in the news recently is Wells Fargo (NYSE:WFC). Following reports of widespread deceptive sales practices and resulting government fines, which have hurt both the stock price and the company’s reputation, we have received questions from many of our investors expressing concerns about our Wells Fargo position. While we share investors’ concerns about the extent of the unauthorized accounts problem at Wells Fargo, we have decided to hold existing positions for the present. We know many of the senior executives at Wells Fargo and believe they are people of good character. We do not think the current situation indicates a systemic problem with the values of the organization or its people and we are convinced that changes are underway that will remove the incentives that caused the problem. We are also expecting a slower growth rate for Wells Fargo going forward. Despite our expectation for slower growth, the market has (in our opinion) overly punished the stock and this is a very inopportune time to sell Wells Fargo. We will closely monitor the situation and the impact on the company’s competitive More...

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Mairs & Power Comments on MTS Systems Guru stock highlight
Not every M&A transaction is necessarily positive for investors and we evaluate each based on its individual merits. That is why, earlier this year, when MTS Systems (NASDAQ:MTSC) announced the acquisition of sensor maker PCB Group for $580 million, we decided it was time to exit the stock. In addition to our concerns about execution of the current business, we did not believe the strategy behind the acquisition was solid. It added to the company’s existing sensor business, where the company does not enjoy a strong competitive advantage, and it diluted MTS’s durable competitive advantage in its core test business while adding substantial leverage to the balance sheet. More...

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Mairs & Power Comments on Alphabet Guru stock highlight
One such stock is Alphabet (NASDAQ:GOOG) the holding company parent of Google, the leader in on-line search engines. While the company is headquartered outside of the Upper Midwest where many of our investments are located, it is an example of a stock that fits our investment approach in most other ways. The company enjoys above average growth, maintains a durable competitive advantage globally and is attractively valued. More...

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Mairs & Power Growth Fund 3rd Quarter Results Overview of quarter and holdings Mairs and Power - Mairs & Power Growth Fund 3rd Quarter Results
The market continued its nervous advance with the only consensus opinion being “uncertainty.” For the quarter and the first nine months, the S&P 500 Total Return (TR) was 3.85% and 7.84% respectively and the Dow Jones Industrial Average TR was 2.78% and 7.21%. Our other key benchmark, the Barclays Government/Credit Bond Index Return was 0.40% and 6.66% for the third quarter and year-to-date. More...

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Mairs and Power Buys Walt Disney, Exits Baxalta Largest trades by the firm in the 2nd quarter Mairs and Power - Mairs And Power Buys Walt Disney, Exits Baxalta
Mairs and Power (Trades, Portfolio) is a small firm whose strength and success has resulted from applying a conservative growth investment approach consistently for over 70 years. During the second quarter, the firm traded the following stocks. More...

MAIRS, POWER, TRADES


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Can C. H. Robinson Start Delivering Big Capital Gains Again? Freight broker has a strong position, potential Donald Yacktman,Mairs and Power - Can C. H. Robinson Start Delivering Big Capital Gains Again?
C. H. Robinson Worldwide, Inc. (NASDAQ:CHRW) dominates the freight brokerage business and has done well for the investors—mainly institutional—who bought its shares some years back. More...

TRANSPORTATION, LOGISTICS, INSTITUTIONAL INVESTORS, FORTUNE 500, UNDERVALUED PREDICTABLE


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