Grimes Company Lowers stake in Rockwell Automation (ROK)

Rockwell Automation (ROK) : Grimes Company reduced its stake in Rockwell Automation by 1.68% during the most recent quarter end. The investment management company now holds a total of 66,193 shares of Rockwell Automation which is valued at $7,510,920 after selling 1,129 shares in Rockwell Automation , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Rockwell Automation makes up approximately 0.97% of Grimes Company’s portfolio.

Rockwell Automation closed down -0.23 points or -0.20% at $113.24 with 11,20,825 shares getting traded on Monday. Post opening the session at $113.53, the shares hit an intraday low of $112.28 and an intraday high of $113.91 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Louisiana State Employees Retirement System reduced its stake in ROK by selling 400 shares or 4.35% in the most recent quarter. The Hedge Fund company now holds 8,800 shares of ROK which is valued at $998,536. Rockwell Automation makes up approx 0.05% of Louisiana State Employees Retirement System’s portfolio.Lodestar Investment Counselil boosted its stake in ROK in the latest quarter, The investment management firm added 648 additional shares and now holds a total of 48,213 shares of Rockwell Automation which is valued at $5,549,798. Rockwell Automation makes up approx 0.78% of Lodestar Investment Counselil’s portfolio. Butensky Cohen Financial Security Inc sold out all of its stake in ROK during the most recent quarter. The investment firm sold 24 shares of ROK which is valued $2,763.New York State Teachers Retirement System reduced its stake in ROK by selling 55 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 229,346 shares of ROK which is valued at $26,400,018. Rockwell Automation makes up approx 0.07% of New York State Teachers Retirement System’s portfolio.Gierl Augustine Investment Management Inc boosted its stake in ROK in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 715 shares of Rockwell Automation which is valued at $83,555. Rockwell Automation makes up approx 0.08% of Gierl Augustine Investment Management Inc’s portfolio.

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. 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 was Downgraded by Gabelli & Co to ” Hold” on Apr 21, 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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