Top Asset Manager Reduces Shares of Emerson Electric, Republic Services and Deere in Third Quarter

Wall St. Watchdog reveals information regarding Legg Mason Investment Counsel’s top holdings in the Industrial Goods sector for the quarter ending September 30th, 2011. The firm held 66 stocks in the Industrial Goods sector at the end of the quarter with an aggregate market value of $240.827 million.

  • Emerson Electric Co. (NYSE:EMR): On 06/30/2011, Legg Mason Investment Counsel reported holding 986,422 shares with a market value of $55,486,238. This comprised 1.36% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 887,849 shares with a market value of $36,677,043. This comprised 1.05% of the total portfolio. The net change in shares for this position over the two quarters is -98,573. About Company: Emerson Electric Co. manufactures and markets electrical, electromechanical, and electronic products and systems. The Company produces a variety of products, including process control, industrial automation, electronics, appliance components, and electric motors. Emerson sells its products around the world.
  • Republic Services Inc. (NYSE:RSG): On 06/30/2011, Legg Mason Investment Counsel reported holding 1,033,918 shares with a market value of $31,896,371. This comprised 0.78% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 1,025,831 shares with a market value of $28,784,817. This comprised 0.83% of the total portfolio. The net change in shares for this position over the two quarters is -8,087. About Company: Republic Services, Inc. provides non-hazardous solid waste collection and disposal services in the United States. The Company provides solid waste collection services for commercial, industrial, municipal, and residential customers. Republic also operates transfer stations, landfills, and recycling facilities.
  • Deere & Company (NYSE:DE): On 06/30/2011, Legg Mason Investment Counsel reported holding 348,816 shares with a market value of $28,759,878. This comprised 0.7% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 327,423 shares with a market value of $21,141,703. This comprised 0.61% of the total portfolio. The net change in shares for this position over the two quarters is -21,393. About Company: Deere & Company manufactures and distributes a range of agricultural, construction and forestry, and commercial and consumer equipment. The Company supplies replacement parts for its own products and for those of other manufacturers. Deere also provides product and parts financing services.
  • Abb Ltd. (NYSE:ABB): On 06/30/2011, Legg Mason Investment Counsel reported holding 1,152,346 shares with a market value of $29,903,380. This comprised 0.73% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 1,148,326 shares with a market value of $19,613,408. This comprised 0.56% of the total portfolio. The net change in shares for this position over the two quarters is -4,020. About Company: ABB Limited provides power and automation technologies. The Company operates under segments that include power products, power systems, automation products, process automation and robotics.
  • Illinois Tool Works Inc. (NYSE:ITW): On 06/30/2011, Legg Mason Investment Counsel reported holding 461,366 shares with a market value of $26,062,566. This comprised 0.64% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 462,647 shares with a market value of $19,246,114. This comprised 0.55% of the total portfolio. The net change in shares for this position over the two quarters is 1,281. About Company: Illinois Tool Works Inc. designs and manufactures fasteners and components, equipment and consumable systems, and a variety of specialty products and equipment. The Company’s products include industrial fluids and adhesives, tooling for specialty applications, welding products, and quality measurement equipment and systems. Illinois Tool Works operates worldwide.
  • Caterpillar Inc. (NYSE:CAT): On 06/30/2011, Legg Mason Investment Counsel reported holding 255,229 shares with a market value of $27,171,679. This comprised 0.67% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 250,514 shares with a market value of $18,497,953. This comprised 0.53% of the total portfolio. The net change in shares for this position over the two quarters is -4,715. About Company: Caterpillar Inc. designs, manufactures, and markets construction, mining, agricultural, and forestry machinery. The Company also manufactures engines and other related parts for its equipment, and offers financing and insurance. Caterpillar distributes its products through a worldwide organization of dealers.
  • Quanta Services Inc. (NYSE:PWR): On 06/30/2011, Legg Mason Investment Counsel reported holding 901,193 shares with a market value of $18,204,099. This comprised 0.45% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 846,073 shares with a market value of $15,897,712. This comprised 0.46% of the total portfolio. The net change in shares for this position over the two quarters is -55,120. About Company: Quanta Services, Inc. provides specialized contracting services to electric utilities, telecommunication and cable television operators, and governmental entities. The Company also installs transportation control and lighting systems and provides specialty electric power and communication services for industrial and commercial customers. Quanta performs projects across the United States.
  • Parker Hannifin Corporation (NYSE:PH): On 06/30/2011, Legg Mason Investment Counsel reported holding 146,912 shares with a market value of $13,183,883. This comprised 0.32% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 148,257 shares with a market value of $9,359,465. This comprised 0.27% of the total portfolio. The net change in shares for this position over the two quarters is 1,345. About Company: Parker Hannifin Corporation manufactures motion control products, including fluid power systems, electromechanical controls, and related components. The Company also produces fluid purification, fluid flow, process instrumentation, air conditioning, refrigeration, and electromagnetic shielding and thermal management products.
  • Covanta Holding Corporation (NYSE:CVA): On 06/30/2011, Legg Mason Investment Counsel reported holding 617,890 shares with a market value of $10,189,006. This comprised 0.25% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 520,838 shares with a market value of $7,911,529. This comprised 0.23% of the total portfolio. The net change in shares for this position over the two quarters is -97,052. About Company: Covanta Holding Corporation conducts operations in waste disposal, energy services, and specialty insurance. The Company also owns and operates waste-to-energy and power generation projects. Covanta’s waste-to-energy facilities convert municipal solid waste into renewable energy for communities primarily in the United States.
  • Lincoln Electric Holdings Inc. (NASDAQ:LECO): On 06/30/2011, Legg Mason Investment Counsel reported holding 194,882 shares with a market value of $6,986,519. This comprised 0.17% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 172,332 shares with a market value of $4,999,351. This comprised 0.14% of the total portfolio. The net change in shares for this position over the two quarters is -22,550. About Company: Lincoln Electric Holdings, Inc. designs and manufactures welding and cutting products. The Company’s products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes, fluxes, and regulators and torches used in oxy-fuel welding and cutting.

(Note: Data regarding Legg Mason Investment Counsel’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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