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T Rowe Price Sells Boeing, Cummins, Ameriprise

The fund's largest 3rd-quarter sales

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Oct 23, 2017
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T Rowe Price Equity Income Fund (Trades, Portfolio) was founded in 1985 by Brian Rogers. John Linehan succeeded Rogers as manager in 2015. During the third quarter the guru sold shares in the following stocks :

The firm exited its holding in E.I. du Pont de Nemours & Co. (DD) impacting the portfolio -1.8%.

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The technology and science company has a market cap of $72.83 billion and enterprise value of $80.61 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity (ROE) of 20.72% and return on assets (ROA) of 5.34% are outperforming 67% of the companies in the Global Agricultural Inputs industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.46 is below the industry median of 0.50.

The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 1.48% of outstanding shares followed by

Larry Robbins (Trades, Portfolio) with 0.21% and Jim Simons (Trades, Portfolio) with 0.1%.

The firm reduced its stake of Boeing Co. (BA) by 35.37% with an impact of -0.71% on the portfolio.

The company has a market cap of $153.71 billion and enterprise value of $154.21 billion. It designs, manufactures and sells missile defense, jetliners and military aircraft in the aerospace and defense industry.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 2,297.29% and ROA of 7.94% are outperforming 83% of the companies in the Global Aerospace and Defense industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.96 is above the industry median of 0.43.

Spiros Segalas (Trades, Portfolio) is the largest shareholder among the gurus with 0.4% of outstanding shares followed by T Rowe Price Equity Income Fund with 0.24%, HOTCHKIS & WILEY with 0.19% and PRIMECAP Management (Trades, Portfolio) with 0.13%.

The Royal Dutch Shell PLC ADR Class A (RDS.A) stake was reduced by 73.03%. The transaction had an impact of -0.56% on the portfolio.

The integrated oil and gas company has a market cap of $252.21 billion and enterprise value of $324.54 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 4.34% and ROA of 1.99% are underperforming 57% of the companies in the Global Oil and Gas Integrated industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.27 is below the industry median of 0.36.

Richard Pzena (Trades, Portfolio) is the largest shareholder among the gurus with 0.18% of outstanding shares followed by HOTCHKIS & WILEY with 0.13%.

The guru's holding of Carnival Corp. (CCL) was closed with an impact of -0.48% on the portfolio.

The travel company has a market cap of $48.38 billion and enterprise value of $57.06 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 11.57% and ROA of 6.74% are underperforming 72% of the companies in the Global Leisure industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.05 is below the industry median of 0.66.

The largest shareholder among the gurus is PRIMECAP Management with 2.98% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 1.05%,

Steven Cohen (Trades, Portfolio) with 0.1% and Louis Moore Bacon (Trades, Portfolio) with 0.08%.

The Ameriprise Financial Inc. (AMP) stake was reduced by 29.69%. The trade had an impact of -0.4% on the portfolio.

The company has a market cap of $22.9 billion and enterprise value of $25.93 billion. It provides financial services to its customers.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. While the ROE of 21.61% is outperforming the sector, ROA of 0.99% is underperforming 60% of the companies in the Global Asset Management industry. Financial strength has a rating of 5 out of 10 with a cash-debt ratio of 0.44.

Simons is another notable shareholder among the gurus with 0.03% of outstanding shares followed by

Paul Tudor Jones (Trades, Portfolio) with 0.02%, Mario Gabelli (Trades, Portfolio) with 0.02% and First Eagle Investment (Trades, Portfolio) with 0.01%.

Cummins Inc.’s (CMI) stake was closed impacting the portfolio by -0.37%.

The industrial goods manufacturer has a market cap of $29.34 billion and enterprise value of $30 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 21.05% and ROA of 9.65% are outperforming 85% of the companies in the Global Diversified Industrials industry. Financial strength has a rating of 7 out of 10. The cash-debt ratio of 0.82 is below the industry median of 1.05.

The largest shareholder among the gurus is HOTCHKIS & WILEY with 2.13% of outstanding shares followed by

Bill Nygren (Trades, Portfolio) with 1.38% and First Eagle Investment with 1.17%.

The Illinois Tool Works Inc. (ITW)’s position was reduced by 28.18%. The trade had an impact of -0.36% on the portfolio.

The manufacturer of industrial products has a market cap of $52.92 billion and enterprise value of $58.47 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 46.56% and ROA of 13.95% are outperforming 93% of the companies in the Global Diversified Industrials industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.31 is below the industry median of 1.05.

Jeremy Grantham (Trades, Portfolio) is another notable shareholder among the gurus with 0.18% of outstanding shares followed by John Rogers (Trades, Portfolio) with 0.14% and Tom Gayner (Trades, Portfolio) with 0.07%.

Disclosure: I do not own any shares of any stocks mentioned in this article.

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