Fayerweather Charles buys $912,288 stake in Rockwell Automation (ROK)

Rockwell Automation (ROK) : Fayerweather Charles scooped up 25 additional shares in Rockwell Automation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 7,665 shares of Rockwell Automation which is valued at $912,288.Rockwell Automation makes up approximately 1.24% of Fayerweather Charles’s portfolio.

Other Hedge Funds, Including , Wealthsource Partners boosted its stake in ROK in the latest quarter, The investment management firm added 220 additional shares and now holds a total of 4,934 shares of Rockwell Automation which is valued at $587,245. Rockwell Automation makes up approx 0.21% of Wealthsource Partners’s portfolio.Mutual Of America Capital Management boosted its stake in ROK in the latest quarter, The investment management firm added 4,799 additional shares and now holds a total of 19,753 shares of Rockwell Automation which is valued at $2,264,879. Rockwell Automation makes up approx 0.05% of Mutual Of America Capital Management’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in ROK by selling 2,767 shares or 9.37% in the most recent quarter. The Hedge Fund company now holds 26,760 shares of ROK which is valued at $3,061,344. Rockwell Automation makes up approx 0.02% of Public Employees Retirement Association Of Colorado’s portfolio.Meeder Asset Management Inc reduced its stake in ROK by selling 967 shares or 99.9% in the most recent quarter. The Hedge Fund company now holds 1 shares of ROK which is valued at $119.

Rockwell Automation opened for trading at $117.9 and hit $119.21 on the upside on Monday, eventually ending the session at $118.86, with a gain of 1.04% or 1.22 points. The heightened volatility saw the trading volume jump to 3,86,764 shares. Company has a market cap of $15,380 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. FBR Capital Initiated Rockwell Automation on May 11, 2016 to “Outperform”, Price Target of the shares are set at $20.

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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