C.H. Robinson Worldwide, Inc. (CHRW), Techne Corporation (TECH), Donaldson Company, Inc. (DCI): How Mark Henneman’s Top Picks Performed Over the Year?

In the constant screams for the next big internet Goliath, the voice for good old fashioned companies do get silenced at times. So, it’s unusual to find a fund manager nowadays who doesn’t count even one Internet Company among his top stock picks, but, Mark Henneman, Fund Manager of Mairs and Power Growth Fund, and Morningstar’s 2012 U.S. Fund manager of the year, is not one of them.

Techne Corporation (NASDAQ:TECH)

Exactly a year earlier, on CNBC, Henneman shared his top stock picks, which were C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW), Techne Corporation (NASDAQ:TECH) and Donaldson Company, Inc. (NYSE:DCI). Surprisingly, all these companies were based in Minnesota, just like over 60% of all the companies that Henneman’s fund had invested in and the state in which the fund is based itself. We at Insider Monkey thought to revisit these picks from Henneman and see how they performed over the year.

Henneman’s first pick was Techne Corporation (NASDAQ:TECH), which traded at near $79 levels when he aired his views and now trades at $94.16, a solid 23.91% increase from last year.

“They [Techne Corporation (NASDAQ:TECH)] provide biotechnology products to Labs Business has been a little bit soft here recently as the government has cut back on spending, but the thing we really like there is the new CEO that came from 3M. He hasn’t told us what he is going to do, but what we think is going to happen is he is going to increase innovation, which will drive growth,” Henneman had said.

His next pick was, Donaldson Company, Inc. (NYSE:DCI), a company that makes air and fluid filtration products that are used in heavy trucks. Donaldson Company, Inc. (NYSE:DCI)’s stock used to trade at near $37 levels when Henneman gave his views and now trades at near $39 levels, a year to date return of nearly 5%. Interestingly, Donaldson Company, Inc. (NYSE:DCI)’s stock traded above $40 for most part of the year, reaching as high as $43.74, but has witnessed a downfall starting this July.

The final pick from Henneman was C.H. Robinson Worldwide (NASDAQ:CHRW), a third party logistics firm. C.H. Robinson Worldwide (NASDAQ:CHRW)’s used to trade at near $56.5 exactly a year ago and now trades at $67.39, generating a return of  above 19% year to date.

 

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