Strategic Global Advisors Lowers stake in Rockwell Automation (ROK)

Rockwell Automation (ROK) : Strategic Global Advisors reduced its stake in Rockwell Automation by 24.59% during the most recent quarter end. The investment management company now holds a total of 38,494 shares of Rockwell Automation which is valued at $4.4 Million after selling 12,550 shares in Rockwell Automation , the firm said in a disclosure report filed with the SEC on May 13, 2016.Rockwell Automation makes up approximately 1.89% of Strategic Global Advisors’s portfolio.

Other Hedge Funds, Including , Cleararc Capital Inc reduced its stake in ROK by selling 29 shares or 0.9% in the most recent quarter. The Hedge Fund company now holds 3,208 shares of ROK which is valued at $362,761. Rockwell Automation makes up approx 0.08% of Cleararc Capital Inc’s portfolio. Meeder Asset Management Inc added ROK to its portfolio by purchasing 968 company shares during the most recent quarter which is valued at $109,461. Rockwell Automation makes up approx 0.01% of Meeder Asset Management Inc’s portfolio.Lazard Asset Management boosted its stake in ROK in the latest quarter, The investment management firm added 280,916 additional shares and now holds a total of 4,257,988 shares of Rockwell Automation which is valued at $481.5 Million. Rockwell Automation makes up approx 1.19% of Lazard Asset Management’s portfolio.Blackrock Investment Management reduced its stake in ROK by selling 34,670 shares or 9.6% in the most recent quarter. The Hedge Fund company now holds 326,434 shares of ROK which is valued at $36.9 Million. Rockwell Automation makes up approx 0.05% of Blackrock Investment Management’s portfolio.Bronfman E.l. Rothschild boosted its stake in ROK in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 624 shares of Rockwell Automation which is valued at $70,007. Rockwell Automation makes up approx 0.01% of Bronfman E.l. Rothschild’s portfolio.

Rockwell Automation opened for trading at $114.4 and hit $115.93 on the upside on Wednesday, eventually ending the session at $115.75, with a gain of 1.83% or 2.08 points. The heightened volatility saw the trading volume jump to 9,58,681 shares. Company has a market cap of $15,078 M.

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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