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Tiziano Frateschi
Tiziano Frateschi
Articles (1940)  | Author's Website |

Dodge & Cox Adds to United Technologies, Buys Linde

Firm's largest buys of the 4th quarter

February 26, 2019 | About:

Dodge & Cox, which manages six no-load mutual funds, bought shares of the following stocks during the fourth quarter.

The firm's United Technologies Corp. (NYSE:UTX) stake was boosted 558,913.64%, impacting the equity portfolio by 1.20%.

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The industrial conglomerate, which is involved in building escalators, elevators and jet engines as well as providing aerospace supply, HVAC, fire and security and refrigeration services, has a market cap of $110.11 billion and an enterprise value of $151.65 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 16.26% and return on assets of 4.82% are outperforming 64% of companies in the Global Aerospace and Defense industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.14 is below the industry median of 0.53.

Barrow, Hanley, Mewhinney & Strauss is another notable guru shareholder of the company with 1.19% of outstanding shares, followed by Chris Davis (Trades, Portfolio) with 0.95% and Andreas Halvorsen (Trades, Portfolio) with 0.81%.

The firm established a stake in Linde PLC (NYSE:LIN), buying 8.1 million shares. The equity portfolio was impacted by 1.18%.

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The chemical company, which supplies oxygen and specialty gases, has a market cap of $96.84 billion and an enterprise value of $105.5 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 23.24% and return on assets of 7.09% are outperforming 64% of companies in the Global Specialty Chemicals industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.07 is below the industry median of 0.72.

First Eagle Investment (Trades, Portfolio) is another notable guru shareholder of the company with 0.84% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 0.28%, PRIMECAP Management (Trades, Portfolio) with 0.26% and Diamond Hill Capital (Trades, Portfolio) with 0.17%.

Dodge & Cox expanded its Occidental Petroleum Corp. (NYSE:OXY) holding by 183%, impacting the equity portfolio by 1.02%.

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The company, which produces oil and gas, has a market cap of $49.42 billion and an enterprise value of $56.7 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 19.58% and return on assets of 9.49% are outperforming 70% of companies in the Global Oil and Gas E&P industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.29 is below the industry median of 0.51

Another notable guru shareholder of the company is Barrow, Hanley, Mewhinney & Strauss with 1.65% of outstanding shares, followed by the T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.38%, Pioneer Investments (Trades, Portfolio) with 0.21% and Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.13%.

The firm added 48.72% to its position in Cigna Corp. (NYSE:CI), impacting the equity portfolio by 0.75%.

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The company, which supplies medical and accident insurance products, has a market cap of $73.78 billion and an enterprise value of $74.7 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. While the return on equity of 19.06% is outperforming the sector, the return on assets of 4.14% is underperforming 57% of companies in the Global Health Care Plans industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.96 is below the industry median of 1.15.

The company's largest guru shareholder is Dodge & Cox with 3.47% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 1.17%, Larry Robbins (Trades, Portfolio) with 0.71% and Richard Pzena (Trades, Portfolio) with 0.19%.

The investment firm expanded its Microchip Technology Inc. (NASDAQ:MCHP) stake by 79.98%. The trade had an impact of 0.55% on the equity portfolio.

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The company, which manufactures semiconductor products, has a market cap of $21.1 billion and an enterprise value of $31.21 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 7.48% and return on assets of 2.26% are underperforming 65% of companies in the Global Semiconductors industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.04 is below the industry median of 1.69.

Barrow, Hanley, Mewhinney & Strauss is the company's largest guru shareholder with 1.41% of outstanding shares, followed by Generation Investment Management with 0.16%, Pioneer Investments with 0.11%, Tom Gayner (Trades, Portfolio) with 0.06% and Ronald Muhlenkamp (Trades, Portfolio) with 0.04%.

The investment firm added 28.68% to its FedEx Corp. (NYSE:FDX) holding. The trade had an impact of 0.53% on the equity portfolio.

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The express courier delivery service has a market cap of $47.12 billion and an enterprise value of $62.28 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 26.45% and return on assets of 9.57% are outperforming 85% of companies in the Global Integrated Shipping and Logistics industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.12 is below the industry median of 0.30

With 6.11% of outstanding shares, the firm is the company's largest guru shareholder, followed by PRIMECAP Management with 5.77%, Bill Gates (Trades, Portfolio)' foundation trust with 1.16% and Mason Hawkins (Trades, Portfolio)' Southeastern Asset Management with 1.01%.

The firm boosted the Halliburton Co. (NYSE:HAL) position by 292.33%. The trade had an impact of 0.48% on the equity portfolio.

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The company, which provides services to the oil and natural gas industry, has a market cap of $27.33 billion and an enterprise value of $35.8 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. While the return on equity of 18.81% is underperforming the sector, the return on assets of 6.48% is outperforming 50% of companies in the Global Oil and Gas Equipment and Services industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.19 is below the industry median of 0.49.

Sarah Ketterer (Trades, Portfolio) is another notable guru shareholder of the company with 1.27% of outstanding shares, followed by Pzena with 0.73%.

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.

Visit Tiziano Frateschi's Website


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