Rockwell Automation (ROK) is Initiated by HSBC Securities to Hold

Rockwell Automation (ROK) was Initiated by HSBC Securities to “Hold”. HSBC Securities advised their investors in a research report released on Oct 7, 2016.

Many Wall Street Analysts have commented on Rockwell Automation. 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.

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 closed down -1.38 points or -1.14% at $119.19 with 9,58,103 shares getting traded on Tuesday. Post opening the session at $120.99, the shares hit an intraday low of $119.01 and an intraday high of $123.48 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Oct 4, 2016, Steven W. Etzel (VP and Treasurer) sold 1,800 shares at $121.75 per share price. According to the SEC, on Aug 29, 2016, Douglas M Hagerman (Sr. VP, Gen Counsel and Sec.) sold 1,400 shares at $119.17 per share price. On Aug 24, 2016, David M Dorgan (VP and Controller) sold 2,200 shares at $119.06 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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Rockwell Automation - Is it time to Sell?

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