Somerville Kurt F buys $8,188,219 stake in Rockwell Automation (ROK)

Rockwell Automation (ROK) : Somerville Kurt F scooped up 1,610 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 68,797 shares of Rockwell Automation which is valued at $8,188,219.Rockwell Automation makes up approximately 1.79% of Somerville Kurt F’s portfolio.

Other Hedge Funds, Including , Dempze Nancy E boosted its stake in ROK in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 5,195 shares of Rockwell Automation which is valued at $618,309. Rockwell Automation makes up approx 1.06% of Dempze Nancy E’s portfolio.Boston Family Office reduced its stake in ROK by selling 485 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 88,616 shares of ROK which is valued at $10,380,478. Rockwell Automation makes up approx 1.31% of Boston Family Office’s portfolio. Duncker Streett Co Inc sold out all of its stake in ROK during the most recent quarter. The investment firm sold 70 shares of ROK which is valued $8,297.Lodestar Investment Counselil reduced its stake in ROK by selling 400 shares or 0.83% in the most recent quarter. The Hedge Fund company now holds 47,813 shares of ROK which is valued at $5,705,525. Rockwell Automation makes up approx 0.79% of Lodestar Investment Counselil’s portfolio.

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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