In spite of uncertain market conditions, a number of large-cap
engineering and production companies are up, and second quarter
trading activity reflects the investing billionaires' interest in
them. Here are the highlights of most recent trading of three
diversified industrial companies, each up 26% or more over 12
ABB Ltd. (
) - Up 27% over 12 months
ABB Ltd. (
) is up 27% over 12 months with a market cap of $51.76 billion.
The current share price is $22.54, and trades with a P/E of 18.90.
The dividend yield is 3.20.
Founded in 1988, ABB Ltd. is a global leader in power and
automation technologies, based in Zurich, Switzerland. On a
worldwide basis, ABB is the largest supplier of industrial motors
and drives, the largest provider of generators to the wind
industry, and the largest supplier of power grids. The company
employs 145,000 people and operates in approximately 100 countries.
ABB maintains seven corporate research centers around the world.
The company reported second quarter 2013 results of net income at
$763 million, up 16% from the same quarter a year ago. Orders for
the quarter were at $9.3 billion, down 7% from the same period a
year ago. Income from operations was up 19% at $1.18 billion for
the quarter, compared to $1 billion for the same quarter a year
As of June 30, 2012, one Guru
bought anew holding of 1,104,100 shares at an average price of
$22.14 for a gain of 1.9%. Guru
reduced his position by 26.43% selling 8,068 shares at an average
price of $22.14 for a gain of 1.9%.
Danaher Corporation (
) - Up 26% over 12 months
A global science and technology manufacturer, Danaher Corporation
is up 26% over 12 months with a market cap of $46.93 billion.
The current share price is $67.47, and trades with a P/E of 8.90.
The dividend yield is 0.10.
Danaher is a Fortune 200 that designs, manufactures and markets
products and services to professional, medical, industrial and
commercial customers. The Danaher Business System employs 63,000
around the world and customers in more than 125 countries. The
company has five reporting segments: Test & Measurement,
Environmental, Life Sciences & Diagnostics, Dental and
Danaher Corporation reported results for the second quarter of 2013
with net earnings for the quarter ended June 28, 2013, at $616.8
million, or $0.87 per share on a diluted basis, a 3.5% increase
over diluted net earnings per share of $0.84 for the second quarter
of 2012. Revenues for the quarter were $4.7 billion, 4% higher than
the $4.6 billion reported for the second quarter of 2012. Core
revenues increased 2.5% in the second quarter of 2013 compared to
the second quarter of 2012. In 2012, Danaher generated $18.3
billion of revenue.
As of June 30, 2012, Guru Jeremy Grantham increased his position by
64.98%, buying 154,354 shares at an average price of $61.61 for a
gain of 9.5%. Grantham's trading history shows an average gain of
95% on 8,221,025 shares bought at an average price of $34.68 and
98% on 7,848,823 shares sold at an average price of $34.11 per
Illinois Tool Works Inc. (
) - Up 30% over 12 months
Another diversified industrial company, Illinois Tool Works Inc. (
) is up 30% over 12 months with a market cap of $33.22 billion.
The current share price is $74.17, and trades with a P/E of 12.60.
The dividend yield is 2.10.
Founded more than 100 years ago, ITW is a global diversified
manufacturer of specialized industrial equipment, consumables, and
related service businesses. The company has operations in 58
countries and employs approximately 60,000 people. ITW has a broad
portfolio of nearly 12,000 active patents.
Illinois Tool Works Inc. reported second quarter 2013 diluted
earnings per share from continuing operations of $1.03. According
to a company press release, ITW's total revenue of $4.2 billion
increased 1.0%, excluding the impact of the Decorative Surfaces
segment in 2012 results. The company's total adjusted operating
margin of 17.4% was 40 basis points higher than the same period a
year ago. The 17.4% operating margin included $38 million of
restructuring costs in the quarter, $25 million more than the same
period a year ago. The company reported free operating cash flow of
As of June 30, 2012, six Gurus were trading ITW. John Rogers
increased his position by 22.47%, buying 1,541,134 shares at an
average price of $66.88 for a gain of 10.9%.
Chuck Royce increased his position by 32.74%, buying 19,775 shares
at an average price of $66.88 for a gain of 10.9%.
Here are more ITW trade details on two Gurus who reduced their
positions and two who sold out.
GuruFocus "Real Time Picks" reports the stock purchases and sales
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