Wells Fargo Co. Ups Q3 Stake in SPX Corp, Reduces These Other Shares

Wall St. Watchdog reveals information regarding Wells Fargo Co.’s top holdings in the Industrial Goods sector for the quarter ending September 30th, 2011. The firm held 274 stocks in the Industrial Goods sector at the end of the quarter with an aggregate market value of $5.133 billion.

  • Precision Castparts Corp. (NYSE:PCP): On 06/30/2011, Wells Fargo Co. reported holding 2,491,913 shares with a market value of $410,293,460. This comprised 0.28% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 2,401,759 shares with a market value of $373,377,470. This comprised 0.31% of the total portfolio. The net change in shares for this position over the two quarters is -90,154. About Company: Precision Castparts Corp. is a worldwide manufacturer of complex metal components and products. The Company manufactures large, complex structural investment castings and airfoil castings used in jet aircraft engines. Precision has also expanded into the industrial gas turbine, industrial metal working tools and machines, and other metal products markets.
  • Deere & Company (NYSE:DE): On 06/30/2011, Wells Fargo Co. reported holding 4,924,380 shares with a market value of $406,015,116. This comprised 0.28% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 4,657,300 shares with a market value of $300,721,860. This comprised 0.25% of the total portfolio. The net change in shares for this position over the two quarters is -267,080. 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.
  • Emerson Electric Co. (NYSE:EMR): On 06/30/2011, Wells Fargo Co. reported holding 8,074,753 shares with a market value of $454,204,856. This comprised 0.31% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 7,001,304 shares with a market value of $289,223,878. This comprised 0.24% of the total portfolio. The net change in shares for this position over the two quarters is -1,073,449. 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.
  • Boeing Co. (NYSE:BA): On 06/30/2011, Wells Fargo Co. reported holding 4,928,253 shares with a market value of $364,345,746. This comprised 0.25% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 4,682,835 shares with a market value of $283,358,338. This comprised 0.23% of the total portfolio. The net change in shares for this position over the two quarters is -245,418. About Company: The Boeing Company, together with its subsidiaries, develops, produces, and markets commercial jet aircraft, as well as provides related support services to the commercial airline industry worldwide. The Company also researches, develops, produces, modifies, and supports information, space, and defense systems, including military aircraft, helicopters and space and missile systems.
  • Cummins Inc. (NYSE:CMI): On 06/30/2011, Wells Fargo Co. reported holding 3,342,532 shares with a market value of $345,918,630. This comprised 0.24% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 3,354,097 shares with a market value of $273,895,573. This comprised 0.22% of the total portfolio. The net change in shares for this position over the two quarters is 11,565. About Company: Cummins Inc. designs, manufactures, distributes and services diesel and natural gas engines. The Company also manufactures electric power generation systems and engine-related component products, including filtration and exhaust aftertreatment, fuel systems, controls, and air handling systems.
  • Caterpillar Inc. (NYSE:CAT): On 06/30/2011, Wells Fargo Co. reported holding 2,947,803 shares with a market value of $313,823,105. This comprised 0.22% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 2,681,200 shares with a market value of $197,979,798. This comprised 0.16% of the total portfolio. The net change in shares for this position over the two quarters is -266,603. 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.
  • Northrop Grumman Corporation (NYSE:NOC): On 06/30/2011, Wells Fargo Co. reported holding 3,521,587 shares with a market value of $244,222,053. This comprised 0.17% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 3,325,088 shares with a market value of $173,469,835. This comprised 0.14% of the total portfolio. The net change in shares for this position over the two quarters is -196,499. About Company: Northrop Grumman Corporation is a global security company. The Company provides systems, products, and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide.
  • Illinois Tool Works Inc. (NYSE:ITW): On 06/30/2011, Wells Fargo Co. reported holding 4,572,590 shares with a market value of $258,305,617. This comprised 0.18% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 3,994,587 shares with a market value of $166,174,813. This comprised 0.14% of the total portfolio. The net change in shares for this position over the two quarters is -578,003. 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.
  • Transdigm Group Incorporated (NYSE:TDG): On 06/30/2011, Wells Fargo Co. reported holding 1,697,105 shares with a market value of $154,759,009. This comprised 0.11% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 1,724,103 shares with a market value of $140,807,489. This comprised 0.12% of the total portfolio. The net change in shares for this position over the two quarters is 26,998. About Company: TransDigm Group, Inc., through subsidiaries, manufactures aircraft components. The Company produces ignition systems and components, gear pumps, mechanical/electromechanical actuators and controls, NiCad batteries/chargers, power conditioning devices, hold-open rods and locking devices, engineered connectors and latches, cockpit security devices, and AC/DC electric motors.
  • Spx Corporation (NYSE:SPW): On 06/30/2011, Wells Fargo Co. reported holding 2,840,481 shares with a market value of $234,794,170. This comprised 0.16% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 3,064,524 shares with a market value of $138,853,587. This comprised 0.11% of the total portfolio. The net change in shares for this position over the two quarters is 224,043. About Company: SPX Corporation is a global provider of technical products and systems, industrial products and services, service solutions, and vehicle components. The Company designs, manufactures, and markets data networking equipment, fire detection equipment, power transformers, TV and radio broadcast equipment, and a variety of specialty tools, equipment, and services.

(Note: Data regarding Wells Fargo Co.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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