Hemenway Trust Co Lowers stake in Rockwell Automation (ROK)

Rockwell Automation (ROK) : Hemenway Trust Co reduced its stake in Rockwell Automation by 1.34% during the most recent quarter end. The investment management company now holds a total of 50,935 shares of Rockwell Automation which is valued at $5.9 Million after selling 690 shares in Rockwell Automation , the firm said in a disclosure report filed with the SEC on May 27, 2016.Rockwell Automation makes up approximately 1.60% of Hemenway Trust Co’s portfolio.

Other Hedge Funds, Including , Gardiner Nancy B boosted its stake in ROK in the latest quarter, The investment management firm added 530 additional shares and now holds a total of 4,270 shares of Rockwell Automation which is valued at $497,498. Rockwell Automation makes up approx 2.14% of Gardiner Nancy B’s portfolio.Mason Street Advisors boosted its stake in ROK in the latest quarter, The investment management firm added 260 additional shares and now holds a total of 17,506 shares of Rockwell Automation which is valued at $1.9 Million. Rockwell Automation makes up approx 0.06% of Mason Street Advisors’s portfolio.Saturna Capital Corp reduced its stake in ROK by selling 224 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 325,000 shares of ROK which is valued at $36.8 Million. Rockwell Automation makes up approx 1.20% of Saturna Capital Corp’s portfolio.1832 Asset Management boosted its stake in ROK in the latest quarter, The investment management firm added 11,100 additional shares and now holds a total of 41,300 shares of Rockwell Automation which is valued at $4.7 Million. Rockwell Automation makes up approx 0.02% of 1832 Asset Management’s portfolio. Carnick Kubik added ROK to its portfolio by purchasing 275 company shares during the most recent quarter which is valued at $31,097. Rockwell Automation makes up approx 0.02% of Carnick Kubik’s portfolio.

Rockwell Automation closed down -0.08 points or -0.07% at $118.83 with 6,86,718 shares getting traded on Tuesday. Post opening the session at $119.25, the shares hit an intraday low of $118.765 and an intraday high of $120 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Rockwell Automation reported $1.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $1.34. The company had revenue of $1440.30 million for the quarter, compared to analysts expectations of $1401.18 million. The company’s revenue was down -7.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.59 EPS.

Many Wall Street Analysts have commented on Rockwell Automation. FBR Capital Initiated Rockwell Automation on May 11, 2016 to “Outperform”, Price Target of the shares are set at $20.Company shares were Reiterated by Barclays on Apr 28, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 120 from a previous price target of $104 .Rockwell Automation was Downgraded by Ladenburg Thalmann to ” Neutral” on Apr 28, 2016.

Rockwell Automation Inc. (Rockwell Automation) is a provider of industrial automation power control and information solutions that help manufacturers achieve a competitive advantage for their businesses. The Company operates in two segments: Architecture & Software which deals in hardware software and communication components of the organization and controls Products & Solutions that handles a portfolio of intelligent motor control and industrial control products application expertise and project management capabilities. In the United States Canada and certain other countries the Company sells primarily through the independent distributors in conjunction with its direct sales force. In the remaining countries the Company sells through a combination of its direct sales force.

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