Rockwell Automation (ROK) is Downgraded by Gabelli & Co to Hold

Rockwell Automation (ROK) was Downgraded by Gabelli & Co to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Gabelli & Co advised their investors in a research report released on Apr 21, 2016.

Many Wall Street Analysts have commented on Rockwell Automation. Rockwell Automation was Downgraded by Bernstein to ” Underperform” on Jan 28, 2016.

On the company’s financial health, Rockwell Automation reported $1.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $1.33. The company had revenue of $1426.60 million for the quarter, compared to analysts expectations of $1382.11 million. The company’s revenue was down -9.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.64 EPS.

Rockwell Automation opened for trading at $115.63 and hit $117.26 on the upside on Monday, eventually ending the session at $117.06, with a gain of 0.17% or 0.2 points. The heightened volatility saw the trading volume jump to 6,06,624 shares. Company has a market cap of $15,384 M.

In a different news, on Apr 14, 2016, Douglas M Hagerman (Sr. VP, Gen Counsel and Sec.) sold 1,800 shares at $115.11 per share price. According to the SEC, on Feb 26, 2016, Susan Schmitt (Sr. VP, HR) sold 1,500 shares at $104.61 per share price. On Dec 8, 2015, Sujeet Chand (Sr VP & Chief Tech. Officer) sold 1,811 shares at $106.45 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Rockwell Automation

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