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Tiziano Frateschi
Tiziano Frateschi
Articles (2711)  | Author's Website |

Pzena Investment Trims Stanley, Black & Decker Position

Firm's largest sales of the 3rd quarter

Richard Pzena (Trades, Portfolio)'s Pzena Investment Management sold shares of the following stocks during the third quarter of fiscal 2020, which ended on Sept. 30.

Stanley Black & Decker

The fund reduced its stake in Stanley Black & Decker Inc. (SWK) by 40.52%. The trade had an impact of -0.94% on the portfolio.

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The company, which manufactures hand and power tools, has a market cap of $26.63 billion and an enterprise value of $32.12 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 10.19% and return on assets of 4.36% are outperforming 64% of companies in the industrial products industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.15 is below the industry median of 0.97.

The company's largest guru shareholder is Barrow, Hanley, Mewhinney & Strauss with 2.52% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 2.21% and John Rogers (Trades, Portfolio) with 0.35%.

The Interpublic Group of Companies

The Interpublic Group of Companies Inc. (IPG) position was trimmed by 72.7%, impacting the portfolio by -0.52%.

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The holding company has a market cap of $7.06 billion and an enterprise value of $11.16 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 21.92% and return on assets of 3.5% are outperforming 71% of companies in the diversified media industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.29 is below the industry median of 0.91.

The largest guru shareholder of the company is Rogers with 2.32% of outstanding shares, followed by Pioneer Investments with 1.25% and Hotchkis & Wiley with 0.84%.

Avangrid

The guru's fund exited its position in Avangrid Inc. (AGR). The portfolio was impacted by -0.46%.

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The company has a market cap of $15.25 billion and an enterprise value of $24.20 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 4.19% and return on assets of 1.87% are underperforming 71% of companies in the regulated utilities industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.01 is far below the industry median of 0.24.

The largest guru shareholder is Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.11% of outstanding shares, followed by Mario Gabelli (Trades, Portfolio)'s GAMCO Investors with 0.10% and John Hussman (Trades, Portfolio) with 0.01%.

Morgan Stanley

The fund reduced its Morgan Stanley (MS) holding by 16.34%, impacting the portfolio by -0.38%.

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The investment bank has a market cap of $87.10 billion and an enterprise value of $196.17 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 11.14% and return on assets of 1.07% are outperforming 50% of companies in the capital markets industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.52 is below the industry median of 2.53.

The largest guru shareholder of the company is ValueAct Holdings LP (Trades, Portfolio) with 0.90% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.54% and the T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.32%.

JELD-WEN Holding

The investment firm trimmed its JELD-WEN Holding Inc. (JELD) position by 34.53%. The trade had an impact of -0.30% on the portfolio.

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The company, which manufactures doors and windows, has a market cap of $2.11 billion and an enterprise value of $3.63 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 6.01% and return on assets of 1.37% are underperforming 58% of companies in the construction industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.23 is below the industry median of 0.64.

The largest guru shareholder of the company is Pzena with 5.37% of outstanding shares, followed by Simons' firm with 0.39% and Chuck Royce (Trades, Portfolio) with 0.30%.

Masonite International

The investment fund divested of its Masonite International Corp. (DOOR) position. The trade had an impact of -0.23% on the portfolio.

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The company, which provides doors for the construction, renovation and remodeling industries, has a market cap of $2.16 billion and an enterprise value of $2.91 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 13.2% and return on assets of 4.19% are outperforming 68% of companies in the construction industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.21 is below the industry median of 0.64.

The largest guru shareholder of the company is Simons' firm with 1.89% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 0.76%, Hotchkis & Wiley with 0.27% and Lee Ainslie (Trades, Portfolio)'s Maverick Capital with 0.04%.

Disclosure: I do not own any stocks mentioned.

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About the author:

Tiziano Frateschi
You can read about me on www.theextraincome.info, which gives suggestions on position trading.

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