November 25, 2016 - By Adrian Mccoy · 0 Comments
Rockwell Automation Inc (NYSE:ROK) institutional sentiment increased to 1.05 in Q2 2016. Its up 0.05, from 1 in 2016Q1. The ratio is better, as 221 investment professionals opened new or increased positions, while 222 trimmed and sold stock positions in Rockwell Automation Inc. The investment professionals in our partner’s database reported: 89.69 million shares, down from 101.09 million shares in 2016Q1. Also, the number of investment professionals holding Rockwell Automation Inc in their top 10 positions increased from 3 to 4 for an increase of 1. Sold All: 36 Reduced: 186 Increased: 180 New Position: 41.
Rockwell Automation, Inc. is a well-known provider of industrial automation power, control and information solutions for manufacturers. The company has a market cap of $17.06 billion. The Firm operates through two divisions: Architecture & Software and Control Products & Solutions. It has a 23.9 P/E ratio. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
The stock increased 0.80% or $1.06 during the last trading session, hitting $132.92. About 374,597 shares traded hands. Rockwell Automation (NYSE:ROK) has risen 14.55% since April 22, 2016 and is uptrending. It has outperformed by 9.14% the S&P500.
Analysts await Rockwell Automation (NYSE:ROK) to report earnings on January, 25. They expect $1.43 earnings per share, down 4.03% or $0.06 from last year’s $1.49 per share. ROK’s profit will be $183.54M for 23.24 P/E if the $1.43 EPS becomes a reality. After $1.52 actual earnings per share reported by Rockwell Automation for the previous quarter, Wall Street now forecasts -5.92% negative EPS growth.
According to Zacks Investment Research, “Rockwell Automation is a leading global provider of industrial automation power, control and information solutions that help customers meet their manufacturing productivity objectives. The Company brings together leading brands in industrial automation for Complete Automation solutions, including Allen-Bradley controls and services, Dodge mechanical power transmission products, Reliance Electric motors and drives, and Rockwell Software factory management software.”
Alecta Pensionsforsakring Omsesidigt holds 3.35% of its portfolio in Rockwell Automation for 2.98 million shares. Reynders Mcveigh Capital Management Llc owns 192,860 shares or 3.21% of their US portfolio. Moreover, M. Kraus & Co has 2.67% invested in the company for 32,613 shares. The Louisiana-based Waters Parkerson & Co. Llc has invested 2.26% in the stock. Alphamark Advisors Llc, a Kentucky-based fund reported 31,382 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 26 selling transactions for $28.21 million net activity.
Ratings analysis reveals 19% of Rockwell Automation’s analysts are positive. Out of 16 Wall Street analysts rating Rockwell Automation, 3 give it “Buy”, 4 “Sell” rating, while 9 recommend “Hold”. The lowest target is $85 while the high is $141. The stock’s average target of $109.46 is -17.65% below today’s ($132.92) share price. ROK was included in 31 notes of analysts from September 9, 2015. HSBC initiated the stock with “Hold” rating in Friday, October 7 report. The stock of Rockwell Automation (NYSE:ROK) earned “Sell” rating by Berenberg on Monday, October 3. Citigroup initiated the stock with “Neutral” rating in Thursday, January 21 report. Nomura initiated the shares of ROK in a report on Friday, September 18 with “Neutral” rating. The firm earned “Market Perform” rating on Wednesday, May 11 by FBR Capital. The company was upgraded on Friday, September 30 by Bernstein. On Monday, October 5 the stock rating was downgraded by Robert W. Baird to “Neutral”. Langenberg downgraded the stock to “Hold” rating in Thursday, April 28 report. The stock of Rockwell Automation (NYSE:ROK) has “Overweight” rating given on Monday, October 24 by Barclays Capital. The stock of Rockwell Automation (NYSE:ROK) has “Underperform” rating given on Wednesday, November 11 by Credit Agricole.
Rockwell Automation, Inc. (Rockwell Automation), incorporated on August 29, 1996, is a well-known provider of industrial automation power, control and information solutions for manufacturers. The Firm operates through two divisions: Architecture & Software and Control Products & Solutions. In the United States, Canada and certain other countries the Company sells primarily through the independent distributors. In the remaining countries, the Company sells through a combination of direct sales and sales through distributors. The Firm sells large systems and service offerings through its direct sales force.
More recent Rockwell Automation (NYSE:ROK) news were published by: Businesswire.com which released: “Rockwell Automation Invests $12M to Bring Science and Technology to Next …” on November 14, 2016. Also Jsonline.com published the news titled: “Rockwell Automation predicts annual sales increase” on November 07, 2016. Businesswire.com‘s news article titled: “Rockwell Automation Names New President for Asia-Pacific Region” with publication date: October 27, 2016 was also an interesting one.
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By Adrian Mccoy