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T. Rowe Price Keeps Buying Fox, General Electric

T Rowe Price Equity Income Fund (Trades, Portfolio), which was founded in 1937, bought shares of the following stocks in both the third and fourth quarters of fiscal 2019.


Equitable Holdings

The guru increased the Equitable Holdings Inc. (EQH) position by 84.06% in the third quarter and then boosted it 82.31% in the fourth quarter. The stock has a weight of 0.57% in the portfolio.

The company, which operates in the insurance industry, has a market cap of $12.76 billion and a revenue of $13.05 billion.

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Richard Pzena (Trades, Portfolio)'s Pzena Investment Management is the largest guru shareholder of the company with 3.83% of outstanding shares, followed by HOTCHKIS & WILEY with 3.10% and Andreas Halvorsen (Trades, Portfolio)'s Viking Global Investors with 2.18%.

Edison International

Smith raised the Edison International (EIX) stake by 42.99% in the third quarter and added 7.61% in the fourth quarter. The stock has a weight of 1.38% in the portfolio.

The electric utility company has a market cap of $27.45 billion. Its revenue of $12.38 billion has fallen 0.40% over the last five years.

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The company's largest guru shareholder is Pzena with 1.59% of outstanding shares, followed by Jim Simons (Trades, Portfolio)' Renaissance Technologies with 1.21%, Barrow, Hanley, Mewhinney & Strauss with 1.01% and Pioneer Investments (Trades, Portfolio) with 0.07%.

Flowserve

The investor increased the Flowserve Corp. (FLS) holding by 15.79% in the third quarter and added 18.18% in the fourth quarter. The stock has a total weight of 0.06% in the portfolio.

The company, which provides precision-engineered flow control equipment, has a market cap of $6.59 billion. Its revenue of $3.86 billion has fallen 4.80% over the last five years.

First Eagle Investment (Trades, Portfolio) is the largest guru shareholder of the company with 9.22% of outstanding shares, followed by Mario Gabelli (Trades, Portfolio)'s GAMCO Investors with 1.79% and Sarah Ketterer (Trades, Portfolio) with 1.40%.

Fox Corp

In the third quarter, the guru increased its Fox Corp. (FOX) position by 12.97%, raising it another 4.31% in the fourth quarter. The stock has a weight of 1.18% in the portfolio.

The company, which operates in the diversified media industry, has a market cap of $22.10 billion and a revenue of $11.51 billion.

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Other notable guru shareholders of the company include Yacktman Asset Management (Trades, Portfolio) with 1.24% of outstanding shares, T. Rowe Price Equity Income Fund with 1.05%, Dodge & Cox with 0.96% and Seth Klarman (Trades, Portfolio)'s The Baupost Group with 0.92%.

General Electric

The firm boosted the General Electric Co. (GE) position by 44.97% in the third quarter and then raised it by 3.06% in the fourth quarter. The stock has a weight of 1.92% in the portfolio.

The company, which operates in industrial products industry, has a market cap of $103.41 billion. Its revenue of $130.58 billion has grown at an average annual rate of 5.80% over the last five years.

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The largest guru shareholder of the company is Barrow, Hanley, Mewhinney & Strauss with 1.22% of outstanding shares, followed by HOTCHKIS & WILEY with 1.21% and Pzena with 0.73%.

nVent Electric PLC

In the third quarter, the guru boosted the nVent Electric PLC (NVT) position by 128.01% and increased it by 5.05% in the fourth quarter. The stock has a weight of 0.29% in the portfolio.

The company, which operates in the industrial products industry, has a market cap of $4.50 billion.

The largest guru shareholder of the company is Mairs and Power (Trades, Portfolio) with 1.84% of outstanding shares, followed by First Eagle Investment (Trades, Portfolio) with 0.68%, PRIMECAP Management (Trades, Portfolio) with 0.55% and NWQ Managers (Trades, Portfolio) with 0.51%.

Johnson & Johnson

The guru bolstered the Johnson & Johnson (JNJ) position by 5.97% in the third quarter and then raised it by 5.25% in the fourth quarter. The stock has a weight of 2.33% in the portfolio.

The healthcare company has a market cap of $401 billion. Its revenue of $81.70 billion has grown at an average annual rate of 3.40% over the last five years.

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The largest guru shareholder of the company is Ken Fisher (Trades, Portfolio) with 0.45% of outstanding shares, followed by Simons' firm with 0.23%.

Disclosure: I do not own any stocks mentioned.

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This article first appeared on GuruFocus.