Investment firm First Eagle Investment (Trades, Portfolio) sold shares of the following stocks during the fourth quarter.
3M
The firm trimmed its 3M Co. (MMM) position by 23.96%. The portfolio was impacted by -0.53%.
The manufacturer of a wide range of industrial and consumer products has a market cap of $93 billion and an enterprise value of $112 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 45.39% and return on assets of 11.32% are outperforming 89% of companies in the industrial products industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.12 is below the industry median of 0.87.
The firm is the largest guru shareholder with 0.63% of outstanding shares, followed by Mairs and Power (Trades, Portfolio) with 0.33% and Jeremy Grantham (Trades, Portfolio) with 0.30%.
Microsoft
The guru trimmed its Microsoft Corp. (MSFT) stake by 21.94%. The portfolio was impacted by -0.40%.
The company, which develops hardware and software, has a market cap of $1.40 trillion.
GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 43.84% and return on assets of 16.17% are outperforming 91% of companies in the software industry. Its financial strength is rated 6 out of 10.
The largest guru shareholder of the company is PRIMECAP Management (Trades, Portfolio) with with 0.42% of outstanding shares, followed by Dodge & Cox with 0.34% and Ken Fisher (Trades, Portfolio) with 0.28%.
Synchrony Financial
The investor exited the Synchrony Financial (SYF) holding. The portfolio was impacted by -0.31%.
The credit services provider has a market cap of $20.53 billion and an enterprise value of $29.43 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 25.1% and the return on assets of 3.54% are outperforming 63% of companies in the credit services industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.61 is above the industry median of 0.24.
The largest guru shareholder of the company is Warren Buffett (Trades, Portfolio) with 2.50% of outstanding shares, followed by Seth Klarman (Trades, Portfolio) with 0.60% and Steven Cohen (Trades, Portfolio) with 0.38%.
Tiffany
The investment firm curbed its Tiffany & Co. (TIF) position by 39.37%. The trade had an impact of -0.30% on the portfolio.
The jeweler has a market cap of $16.27 billion and an enterprise value of $17.90 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 17.46% and return on assets of 9.3% are outperforming 82% of companies in the retail - cyclical industry. Its financial strength is rated 6 out of 10 with a cash-debt ratio of 0.25.
The company's largest guru shareholders include Steve Mandel (Trades, Portfolio) with 5.28% of outstanding shares, Pioneer Investments (Trades, Portfolio) with 0.81% and Ron Baron (Trades, Portfolio) with 0.42%.
Deere
The guru reduced the Deere & Co. (DE) position by 9.31%. The portfolio was impacted by -0.20%.
The manufacturer of agricultural and forestry machinery has a market cap of $53.60 billion and an enterprise value of $94.50 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 27.94% and return on assets of 4.66% are outperforming 62% of companies in the farm and heavy construction machinery industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.1 is below the industry median of 0.41.
The largest guru shareholders of the company are Al Gore (Trades, Portfolio) with 1.35% of outstanding shares, Tom Gayner (Trades, Portfolio) with 0.32% and PRIMECAP Management (Trades, Portfolio) with 0.26%.
Weyerhaeuser
The firm trimmed its position in Weyerhaeuser Co. (WY) by 5.03%. The portfolio was impacted by -0.19%.
The real estate investment trust has a market cap of $21.53 billion and an enterprise value of $27.41 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of -0.88% and return on assets of -0.45% are underperforming 87% of companies in the REITs industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.08 is above the industry median of 0.06.
Other guru shareholders of the company are T Rowe Price Equity Income Fund (Trades, Portfolio) with 1.14% of outstanding shares, Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.36% and Ken Heebner (Trades, Portfolio) with 0.15%.
Willis Towers Watson
The investor reduced the Willis Towers Watson PLC (WLTW) position by 9.9%. The portfolio was impacted by -0.18%.
The insurance broker has a market cap of $27.41 billion and an enterprise value of $33.39 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 10.4% and return on assets of 2.99% are outperforming 55% of companies in the insurance industry. Its financial strength is rated 4 out of 10 with a cash-debt ratio of 0.13.
First Eagle Investment (Trades, Portfolio) is the largest guru shareholder of the company with 2.35% of outstanding shares, followed by David Abrams (Trades, Portfolio) with 0.86% and Diamond Hill Capital (Trades, Portfolio) with 0.44%.
Disclosure: I do not own any stocks mentioned.
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