Baltimore-washington Financial Advisors buys $6,099,955 stake in Rockwell Automation (ROK)

Rockwell Automation (ROK) : Baltimore-washington Financial Advisors scooped up 513 additional shares in Rockwell Automation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 52,951 shares of Rockwell Automation which is valued at $6,099,955.Rockwell Automation makes up approximately 1.77% of Baltimore-washington Financial Advisors’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in ROK by selling 4,692 shares or 69.47% in the most recent quarter. The Hedge Fund company now holds 2,062 shares of ROK which is valued at $246,821. Rockwell Automation makes up approx 0.03% of First Mercantile Trust Co’s portfolio.Simplex Trading reduced its stake in ROK by selling 6,946 shares or 91.7% in the most recent quarter. The Hedge Fund company now holds 629 shares of ROK which is valued at $75,291. Rockwell Automation makes up approx 0.01% of Simplex Trading’s portfolio. Washington Trust Bank added ROK to its portfolio by purchasing 12 company shares during the most recent quarter which is valued at $1,455.

Rockwell Automation closed down -1.84 points or -1.57% at $115.2 with 8,82,897 shares getting traded on Tuesday. Post opening the session at $116.45, the shares hit an intraday low of $114.46 and an intraday high of $116.63 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

Many Wall Street Analysts have commented on Rockwell Automation. Rockwell Automation was Initiated by HSBC Securities to “Hold” on Oct 7, 2016. Berenberg Initiated Rockwell Automation on Oct 3, 2016 to “Sell”, Price Target of the shares are set at $110.Rockwell Automation was Upgraded by Bernstein to ” Mkt Perform” on Sep 30, 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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