Sfmg buys $207,517 stake in Rockwell Automation (ROK)

Rockwell Automation (ROK) : Sfmg scooped up 9 additional shares in Rockwell Automation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,764 shares of Rockwell Automation which is valued at $207,517.Rockwell Automation makes up approximately 0.05% of Sfmg’s portfolio.

Other Hedge Funds, Including , Highbridge Capital Management added ROK to its portfolio by purchasing 1,900 company shares during the most recent quarter which is valued at $223,516. Rockwell Automation makes up approx 0.01% of Highbridge Capital Management’s portfolio. Menta Capital sold out all of its stake in ROK during the most recent quarter. The investment firm sold 2,120 shares of ROK which is valued $249,397.Oppenheimerfunds boosted its stake in ROK in the latest quarter, The investment management firm added 516,031 additional shares and now holds a total of 521,107 shares of Rockwell Automation which is valued at $61,303,027. Rockwell Automation makes up approx 0.08% of Oppenheimerfunds’s portfolio.Hightower Advisors reduced its stake in ROK by selling 2,060 shares or 17.2% in the most recent quarter. The Hedge Fund company now holds 9,919 shares of ROK which is valued at $1,166,871. Rockwell Automation makes up approx 0.01% of Hightower Advisors’s portfolio.

Rockwell Automation closed down -0.06 points or -0.05% at $116.44 with 594,885 shares getting traded on Wednesday. Post opening the session at $116.5, the shares hit an intraday low of $116.137 and an intraday high of $116.95 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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