M. Kraus Co buys $3,773,324 stake in Rockwell Automation (ROK)

Rockwell Automation (ROK) : M. Kraus Co scooped up 575 additional shares in Rockwell Automation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 6, 2016. The investment management firm now holds a total of 32,613 shares of Rockwell Automation which is valued at $3,773,324.Rockwell Automation makes up approximately 2.21% of M. Kraus Co’s portfolio.

Other Hedge Funds, Including , Curian Capital sold out all of its stake in ROK during the most recent quarter. The investment firm sold 4,052 shares of ROK which is valued $468,816.

Rockwell Automation opened for trading at $116.47 and hit $118 on the upside on Monday, eventually ending the session at $117.51, with a gain of 1.56% or 1.81 points. The heightened volatility saw the trading volume jump to 8,90,315 shares. Company has a market cap of $15,307 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.

Investors should note that on Jun 8, 2016, Rockwell Automation announced a cash dividend of $0.7250. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 12, 2016.

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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