Portland Global Advisors buys $2,096,555 stake in Rockwell Automation (ROK)

Rockwell Automation (ROK) : Portland Global Advisors scooped up 75 additional shares in Rockwell Automation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 17,930 shares of Rockwell Automation which is valued at $2,096,555.Rockwell Automation makes up approximately 0.93% of Portland Global Advisors’s portfolio.

Other Hedge Funds, Including , Strs Ohio boosted its stake in ROK in the latest quarter, The investment management firm added 23 additional shares and now holds a total of 5,535 shares of Rockwell Automation which is valued at $647,208.New York State Teachers Retirement System reduced its stake in ROK by selling 110 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 229,236 shares of ROK which is valued at $27,171,343. Rockwell Automation makes up approx 0.07% of New York State Teachers Retirement System’s portfolio.Raymond James Trust N.a. reduced its stake in ROK by selling 85 shares or 3.69% in the most recent quarter. The Hedge Fund company now holds 2,219 shares of ROK which is valued at $256,738. Rockwell Automation makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.

Rockwell Automation closed down -1.83 points or -1.57% at $114.4 with 11,90,695 shares getting traded on Friday. Post opening the session at $115.87, the shares hit an intraday low of $114 and an intraday high of $116.17 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.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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