Rockwell Automation (ROK) : Pensionfund Dsm Netherlands reduced its stake in Rockwell Automation by 12.38% during the most recent quarter end. The investment management company now holds a total of 28,300 shares of Rockwell Automation which is valued at $3,920,682 after selling 4,000 shares in Rockwell Automation , the firm said in a disclosure report filed with the SEC on Jan 3, 2017.Rockwell Automation makes up approximately 0.56% of Pensionfund Dsm Netherlands’s portfolio.
Other Hedge Funds, Including ,
Rockwell Automation opened for trading at $135.9 and hit $138.66 on the upside on Tuesday, eventually ending the session at $138.54, with a gain of 3.08% or 4.14 points. The heightened volatility saw the trading volume jump to 13,29,489 shares. Company has a market cap of $17,833 M.
On the company’s financial health, Rockwell Automation reported $1.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Nov 7, 2016. Analyst had a consensus of $1.49. The company had revenue of $1538.60 million for the quarter, compared to analysts expectations of $1516.61 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.57 EPS.
Many Wall Street Analysts have commented on Rockwell Automation. Company shares were Upgraded by Barclays on Oct 24, 2016 to ” Overweight”, Firm has raised the Price Target to $ 141 from a previous price target of $118 .Rockwell Automation was Initiated by HSBC Securities to “Hold” on Oct 7, 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.