Based Rockwell Automation to consider second takeover bid from St. Louis' Emerson

Based Rockwell Automation to consider second takeover bid from St. Louis' Emerson

Rockwell executives told reporters and customers at an introductory event on November 15 that opportunities in automation across all sectors are expanding rapidly, and that the company is aggressively carving out investments to dominate that growing digital space. The fund owned 70,000 shares of the industrial products company's stock after selling 5,000 shares during the quarter. It also reduced Sarepta Therapeutics Inc (NASDAQ:SRPT) stake by 14,687 shares and now owns 9,395 shares. Mr. Moret added that the board and management "are committed to serving the best interests of the company and Rockwell Automation shareowners, and are confident in the company's strategic direction and our ability to continue delivering superior levels of growth and value creation".

St. Louis-based technology firm Emerson Electric has once again offered to acquire Milwaukee-based Rockwell Automation, this time proposing to acquire all of Rockwell's outstanding shares in a deal valued at $29 billion. Accern also assigned news headlines about the industrial products company an impact score of 46.534833234077 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days. Lazard Asset Management LLC raised its stake in shares of Rockwell Automation by 0.5% in the second quarter. It also increased its holding in Pricesmart Inc (NASDAQ:PSMT) by 11,100 shares in the quarter, for a total of 200,100 shares, and has risen its stake in Apollo Global Mgmt Llc (NYSE:APO). The Heathbridge Capital Management Ltd holds 124,750 shares with $20.20 million value, down from 146,450 last quarter. The latest exchange of 7.68 Million shares is below its average trading activity of 8.03 Million shares. Insiders own 1.65% of the company's stock.

Several analysts have recently weighed in on ROK shares. (NYSE:NYSE:ROK) today confirmed that it has received a revised unsolicited proposal from Emerson (NYSE:NYSE:EMR) to acquire Rockwell Automation. Cowen & Co maintained Rockwell Automation (NYSE:ROK) on Thursday, October 26 with "Hold" rating. Langenberg downgraded Rockwell Automation (NYSE:ROK) on Thursday, April 28 to "Hold" rating.


Equity analyst Citigroup raised the price target of the stock on November 10 boosting the projection from $187.00 to $200.00 and issued a "Neutral" recommendation. Robert W. Baird downgraded the shares of ROK in report on Monday, October 5 to "Neutral" rating. Morgan Stanley maintained it with "Equal-Weight" rating and $173 target in Monday, October 2 report. The shares were sold at an average price of $170.06, for a total transaction of $293,013.38. Following the sale, the insider now directly owns 21,426 shares in the company, valued at approximately $3,644,562.60. The sale was disclosed in a filing with the SEC, which is available through this link. Following the completion of the transaction, the insider now owns 22,849 shares of the company's stock, valued at $3,885,700.94. $136.61's average target is -29.05% below currents $192.54 stock price. The disclosure for this sale can be found here. Insiders own 1.65% of the company's stock. Rockwell Automation earned a news sentiment score of 0.24 on Accern's scale. Artisan Partners Limited Partnership who had been investing in Healthequity Inc for a number of months, seems to be less bullish one the $3.01B market cap company. The original version of this news story can be read at https://www.dispatchtribunal.com/2017/11/16/public-employees-retirement-association-of-colorado-has-4-15-million-stake-in-rockwell-automation-inc-rok.html. The Rockwell Automation Board expects to respond to Emerson's proposal in due course. (NYSE ROK) traded down $2.85 during midday trading on Thursday, hitting $188.73. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.46 and a quick ratio of 3.00. Rockwell Automation, Inc. has a 12 month low of $129.66 and a 12 month high of $210.72.

Rockwell Automation (NYSE:ROK) last released its earnings results on Monday, November 7th. The industrial products company reported $1.69 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.72 by ($0.03). The business earned $1.54 billion during the quarter, compared to the consensus estimate of $1.51 billion. The business's revenue was up 8.4% on a year-over-year basis.

Lombard Odier Asset Management Switzerland Sa decreased its stake in Rockwell Automation Inc (ROK) by 39.6% based on its latest 2017Q2 regulatory filing with the SEC. Shareholders of record on Monday, November 13th will be issued a $0.835 dividend. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $3.04 annualized dividend and a yield of 2.26%. Btim Corporation stated it has 0.01% in Rockwell Automation (NYSE:ROK). Finally, LS Investment Advisors LLC increased its position in shares of Rockwell Automation by 1.5% in the second quarter.

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