Charter Trust Co buys $1,044,192 stake in Rockwell Automation (ROK)

Rockwell Automation (ROK) : Charter Trust Co scooped up 197 additional shares in Rockwell Automation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 8,940 shares of Rockwell Automation which is valued at $1,044,192.Rockwell Automation makes up approximately 0.12% of Charter Trust Co’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware boosted its stake in ROK in the latest quarter, The investment management firm added 660 additional shares and now holds a total of 12,818 shares of Rockwell Automation which is valued at $1,497,142. Rockwell Automation makes up approx 0.14% of Reliance Trust Co Of Delaware’s portfolio. Searle added ROK to its portfolio by purchasing 12,120 company shares during the most recent quarter which is valued at $1,418,525. Rockwell Automation makes up approx 1.23% of Searle’s portfolio.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.North Star Asset Management Inc boosted its stake in ROK in the latest quarter, The investment management firm added 1,375 additional shares and now holds a total of 34,257 shares of Rockwell Automation which is valued at $4,153,319. Rockwell Automation makes up approx 0.47% of North Star Asset Management Inc’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 opened for trading at $117.4 and hit $118.17 on the upside on Friday, eventually ending the session at $116.8, with a gain of 0.43% or 0.5 points. The heightened volatility saw the trading volume jump to 9,42,942 shares. Company has a market cap of $15,114 M.

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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