Waters Parkerson Lowers stake in Rockwell Automation (ROK)

Rockwell Automation (ROK) : Waters Parkerson reduced its stake in Rockwell Automation by 2.04% during the most recent quarter end. The investment management company now holds a total of 183,369 shares of Rockwell Automation which is valued at $21,571,529 after selling 3,828 shares in Rockwell Automation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Rockwell Automation makes up approximately 2.18% of Waters Parkerson’s portfolio.

Other Hedge Funds, Including , Wealthsource Partners boosted its stake in ROK in the latest quarter, The investment management firm added 220 additional shares and now holds a total of 4,934 shares of Rockwell Automation which is valued at $587,245. Rockwell Automation makes up approx 0.21% of Wealthsource Partners’s portfolio.Fayerweather Charles boosted its stake in ROK in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 7,665 shares of Rockwell Automation which is valued at $912,288. Rockwell Automation makes up approx 1.24% of Fayerweather Charles’s portfolio. Duncker Streett Co Inc sold out all of its stake in ROK during the most recent quarter. The investment firm sold 70 shares of ROK which is valued $8,297.

Rockwell Automation closed down -0.88 points or -0.74% at $118.43 with 13,18,902 shares getting traded on Friday. Post opening the session at $117.25, the shares hit an intraday low of $116.99 and an intraday high of $118.765 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.

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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