November 23, 2016 - By Nellie Frank
Theodore Crandall, the Sr.VP and CFO of Rockwell Automation Inc, sold 11,300 shares of the company, valued by the market at about $1,488,550 U.S. Dollars, totalled based on $131.7 per share. In the last 30 days, he also unloaded 22,600 shares worth approximately $2,889,701 USD. The provided info is as published in a SEC Form 4 dated 22/11/2016. The probability of this transaction staying ignored is nil due to its amount, with the Sr.VP and CFO currently having ownership of 98,987 shares — that is 0.08% of the total market cap of Rockwell Automation Inc.
Out of 16 analysts covering Rockwell Automation (NYSE:ROK), 3 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 19% are positive. $141 is the highest target while $85 is the lowest. The $109.46 average target is -16.89% below today’s ($131.71) stock price. Rockwell Automation has been the topic of 31 analyst reports since September 9, 2015 according to StockzIntelligence Inc. The rating was downgraded by Bernstein on Thursday, January 28 to “Underperform”. Bernstein upgraded Rockwell Automation (NYSE:ROK) on Friday, September 30 to “Mkt Perform” rating. The stock of Rockwell Automation (NYSE:ROK) earned “Underperform” rating by Bank of America on Thursday, October 29. The stock of Rockwell Automation (NYSE:ROK) has “Hold” rating given on Friday, October 7 by HSBC. The rating was downgraded by Langenberg to “Hold” on Thursday, April 28. Citigroup maintained Rockwell Automation (NYSE:ROK) on Tuesday, April 19 with “Neutral” rating. The rating was initiated by Citigroup with “Neutral” on Thursday, January 21. The firm has “Underperform” rating by Sterne Agee CRT given on Wednesday, September 9. The firm has “Neutral” rating by Robert W. Baird given on Monday, October 5. FBR Capital initiated Rockwell Automation (NYSE:ROK) rating on Wednesday, May 11. FBR Capital has “Market Perform” rating and $105 price target.
Insitutional Activity: The institutional sentiment increased to 1.05 in Q2 2016. Its up 0.05, from 1 in 2016Q1. The ratio increased, as 36 funds sold all Rockwell Automation shares owned while 186 reduced positions. 41 funds bought stakes while 180 increased positions. They now own 89.69 million shares or 11.28% less from 101.09 million shares in 2016Q1.
Us Comml Bank De last reported 0.07% of its portfolio in the stock. Moreover, Columbia L L C has 0.07% invested in Rockwell Automation (NYSE:ROK) for 7,986 shares. Bowen Hanes & accumulated 0.03% or 4,575 shares. Robecosam Usa has invested 0.62% of its portfolio in Rockwell Automation (NYSE:ROK). Deprince Race Zollo accumulated 260,850 shares or 0.61% of the stock. Suffolk Ltd Co last reported 1.55% of its portfolio in the stock. The Florida-based Ladenburg Thalmann has invested 0.02% in Rockwell Automation (NYSE:ROK). Lord Abbett And Limited Liability Corporation holds 0.02% of its portfolio in Rockwell Automation (NYSE:ROK) for 66,642 shares. Carroll Assoc has 726 shares for 0.01% of their US portfolio. The Korea-based Korea Invest Corp has invested 0.17% in Rockwell Automation (NYSE:ROK). Moreover, Hanson And Doremus Investment Management has 0.04% invested in Rockwell Automation (NYSE:ROK) for 824 shares. Thompson Management holds 0.95% of its portfolio in Rockwell Automation (NYSE:ROK) for 40,260 shares. Guggenheim Cap Ltd Llc reported 197,722 shares or 0.07% of all its holdings. Duquesne Family Office Limited Liability Corporation last reported 130,100 shares in the company. Moreover, Boston Private Wealth Limited Liability has 0.02% invested in Rockwell Automation (NYSE:ROK) for 3,465 shares.
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 25 sales for $26.72 million net activity. Chand Sujeet had sold 13,700 shares worth $1.72M on Wednesday, November 9. Shares for $1.09M were sold by Kulaszewicz Frank C. HAGERMAN DOUGLAS M sold $1.05 million worth of Rockwell Automation (NYSE:ROK) on Friday, November 11. 50,000 shares with value of $6.63M were sold by NOSBUSCH KEITH D on Monday, November 14. Shares for $1.24M were sold by MILLER JOHN M on Friday, November 11. DORGAN DAVID M also sold $763,647 worth of Rockwell Automation (NYSE:ROK) shares. Shares for $250,924 were sold by Etzel Steven W.
The stock closed at $131.71 during the last session. It is down 14.54% since April 21, 2016 and is uptrending. It has outperformed by 9.21% the S&P500.
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 $16.95 billion. The Firm operates through two divisions: Architecture & Software and Control Products & Solutions. It has a 23.68 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.
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.”
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.
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.
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By Nellie Frank