Rockwell Automation spikes 10% after receiving a buyout offer

Rockwell Automation spikes 10% after receiving a buyout offer”

In the latest earnings report the EPS was $6.20 and is projected to be $6.78 for the current year with 128,359,000 shares outstanding. (NYSE:ROK) by 0.8% in the third quarter, according to its most recent filing with the SEC. After having $1.76 EPS previously, Rockwell Automation's analysts see -2.84% EPS growth. Shares for $779,100 were sold by Kulaszewicz Frank C. On Monday, May 15 MCCORMICK WILLIAM T JR/WI sold $68,288 worth of Rockwell Automation (NYSE:ROK) or 432 shares. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.51 billion. About shares traded. Whitestone REIT (WSR) has declined 9.96% since October 31, 2016 and is downtrending. The business's quarterly revenue was down 4.3% compared to the same quarter previous year. Blake D. Moret, President and CEO reported the sale of 5,677 shares of (ROK). The stock of Rockwell Automation (NYSE:ROK) has "Equal-Weight" rating given on Monday, January 9 by Morgan Stanley. Citigroup Inc. reduced their price target on Rockwell Automation from $120.00 to $118.00 and set a "neutral" rating on the stock in a research report on Thursday, July 28th.

Factory automation equipment maker Emerson Electric Co has made multiple offers for smaller rival Rockwell Automation Inc, CNBC reported on Tuesday, citing people familiar with the matter. The value of the investment in Rockwell Automation, Inc. went from $22,384,000 to $25,684,000 a change of $3,300,000 quarter to quarter. Finally, Berenberg Bank started coverage on Rockwell Automation in a research report on Monday, October 3rd. Robert W. Baird downgraded the stock to "Neutral" rating in Monday, October 5 report.

Among 4 analysts covering Ameresco (NYSE:AMRC), 3 have Buy rating, 0 Sell and 1 Hold. The stock has an average rating of "Hold" and an average target price of $109.77. "(ROK)" was reported by StockNewsTimes and is owned by of StockNewsTimes.

Shares last traded at $187.00 slightly over $180.96, the stock's 50 day moving average and which is well above the 200 day moving average of $166.10. The company has market cap of $2.59 billion.

Rockwell Automation, Inc. has a 12 month low of $117.24 and a 12 month high of $189.91. Rockwell Automation, Inc. recently announced a dividend for shareholders paid on Monday the 11th of September 2017. Stockholders of record on Monday, November 14th will be issued a $0.76 dividend. The industrial products company reported $1.76 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.64 by $0.12. The dividend yield was $1.61. Rockwell Automation's dividend payout ratio (DPR) is presently 52.06%.

In related news, Director Keith D. Nosbusch sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 2nd. The shares were purchased at an average price of $165.05. Following the completion of the transaction, the insider now owns 21,426 shares in the company, valued at approximately $3,644,562.60.

The company is so far trading unchanged from yesterday's close of 187.00. Also, VP Douglas M. Hagerman sold 1,400 shares of the firm's stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $165.50, for a total value of $3,310,000.00. The disclosure for this sale can be found here. The Michigan-based Northpointe Capital Llc has invested 0.41% in the stock. Tredje AP fonden boosted its position in Rockwell Automation by 262.5% in the second quarter. Sun Life Financial INC now owns 945 shares of the industrial products company's stock worth $153,000 after purchasing an additional 934 shares during the last quarter.

Somerville Kurt F grew its position in Rockwell Automation, Inc. Johnson Financial Group Inc. now owns 940 shares of the company's stock worth $108,000 after buying an additional 891 shares during the last quarter.

Menta Capital Llc increased Rockwell Automation Inc (ROK) stake by 32.75% reported in 2017Q2 SEC filing. Voya Investment Management LLC raised its holdings in shares of Rockwell Automation by 741.5% in the 2nd quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company.

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