Rockwell Automation (ROK) : Exxonmobil Investment Management Inc Tx reduced its stake in Rockwell Automation by 2.01% during the most recent quarter end. The investment management company now holds a total of 33,040 shares of Rockwell Automation which is valued at $3,954,888 after selling 678 shares in Rockwell Automation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Rockwell Automation makes up approximately 0.08% of Exxonmobil Investment Management Inc Tx’s portfolio.
Other Hedge Funds, Including , 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.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.Acropolis Investment Management reduced its stake in ROK by selling 575 shares or 6.05% in the most recent quarter. The Hedge Fund company now holds 8,930 shares of ROK which is valued at $1,082,673. Rockwell Automation makes up approx 0.20% of Acropolis Investment Management’s portfolio.Chevy Chase Trust Holdings reduced its stake in ROK by selling 3,299 shares or 2.96% in the most recent quarter. The Hedge Fund company now holds 107,978 shares of ROK which is valued at $13,091,253. Rockwell Automation makes up approx 0.07% of Chevy Chase Trust Holdings’s portfolio.
Rockwell Automation closed down -0.97 points or -0.80% at $119.7 with 8,87,225 shares getting traded on Friday. Post opening the session at $120.13, the shares hit an intraday low of $118.55 and an intraday high of $120.205 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.
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.