Northwest Investment Counselors buys $1,607,168 stake in Rockwell Automation (ROK)

Rockwell Automation (ROK) : Northwest Investment Counselors scooped up 611 additional shares in Rockwell Automation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 13,760 shares of Rockwell Automation which is valued at $1,607,168.Rockwell Automation makes up approximately 0.84% of Northwest Investment Counselors’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in ROK in the latest quarter, The investment management firm added 8,551 additional shares and now holds a total of 100,042 shares of Rockwell Automation which is valued at $11,684,906. Rockwell Automation makes up approx 0.10% of National Pension Service’s portfolio.Creative Planning boosted its stake in ROK in the latest quarter, The investment management firm added 13,953 additional shares and now holds a total of 30,180 shares of Rockwell Automation which is valued at $3,476,736. Rockwell Automation makes up approx 0.02% of Creative Planning’s portfolio.Legal General Group Plc reduced its stake in ROK by selling 185 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 601,377 shares of ROK which is valued at $69,278,630. Rockwell Automation makes up approx 0.07% of Legal General Group Plc’s portfolio.

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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