Rockwell Automation (ROK) is Upgraded by Bernstein to Mkt Perform

Rockwell Automation (ROK) was Upgraded by Bernstein to ” Mkt Perform”. Earlier the firm had a rating of “Underperform ” on the company shares. Bernstein advised their investors in a research report released on Sep 30, 2016.

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 opened for trading at $114.16 and hit $115.68 on the upside on Tuesday, eventually ending the session at $115.62, with a gain of 0.90% or 1.03 points. The heightened volatility saw the trading volume jump to 4,77,617 shares. Company has a market cap of $14,961 M.

In a different news, on Aug 29, 2016, Douglas M Hagerman (Sr. VP, Gen Counsel and Sec.) sold 1,400 shares at $119.17 per share price. According to the SEC, on Aug 24, 2016, David M Dorgan (VP and Controller) sold 2,200 shares at $119.06 per share price. On Aug 16, 2016, Sujeet Chand (Sr VP & Chief Tech. Officer) sold 4,800 shares at $119.14 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Rockwell Automation

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