Rockwell Automation (ROK) : Beese Fulmer Investment Management reduced its stake in Rockwell Automation by 2.92% during the most recent quarter end. The investment management company now holds a total of 14,966 shares of Rockwell Automation which is valued at $1,716,002 after selling 450 shares in Rockwell Automation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Rockwell Automation makes up approximately 0.48% of Beese Fulmer Investment Management’s portfolio.
Other Hedge Funds, Including , Ngam Advisors boosted its stake in ROK in the latest quarter, The investment management firm added 4,313 additional shares and now holds a total of 54,971 shares of Rockwell Automation which is valued at $6,302,975. Rockwell Automation makes up approx 0.08% of Ngam Advisors’s portfolio. Herndon Capital Management added ROK to its portfolio by purchasing 12 company shares during the most recent quarter which is valued at $1,373.Meeder Asset Management Inc reduced its stake in ROK by selling 967 shares or 99.9% in the most recent quarter. The Hedge Fund company now holds 1 shares of ROK which is valued at $119.Creative Planning boosted its stake in ROK in the latest quarter, The investment management firm added 5,008 additional shares and now holds a total of 16,227 shares of Rockwell Automation which is valued at $1,928,417. Rockwell Automation makes up approx 0.01% of Creative Planning’s portfolio.Edge Wealth Management reduced its stake in ROK by selling 125 shares or 21.74% in the most recent quarter. The Hedge Fund company now holds 450 shares of ROK which is valued at $52,065. Rockwell Automation makes up approx 0.02% of Edge Wealth Management’s portfolio.
Rockwell Automation opened for trading at $114.58 and hit $116.47 on the upside on Thursday, eventually ending the session at $115.05, with a gain of 0.34% or 0.39 points. The heightened volatility saw the trading volume jump to 6,34,961 shares. Company has a market cap of $14,987 M.
On the company’s financial health, Rockwell Automation reported $1.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.47. The company had revenue of $1474.00 million for the quarter, compared to analysts expectations of $1489.55 million. The company’s revenue was down -6.4 % 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.
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.