Filings Worth Watching: Wafra Investment Advisory Group INC Boosted Its Rockwell Automation (ROK) Holding as Market Valuation Rose

Filings Worth Watching: Wafra Investment Advisory Group INC Boosted Its Rockwell Automation (ROK) Holding as Market Valuation Rose

Wafra Investment Advisory Group Inc increased its stake in Rockwell Automation (ROK) by 391.14% based on its latest 2016Q3 regulatory filing with the SEC. Wafra Investment Advisory Group Inc bought 119,415 shares as the company’s stock rose 5.57% with the market. The institutional investor held 149,945 shares of the capital goods company at the end of 2016Q3, valued at $18.34M, up from 30,530 at the end of the previous reported quarter. Wafra Investment Advisory Group Inc who had been investing in Rockwell Automation for a number of months, seems to be bullish on the $18.33 billion market cap company. The stock is up 1.14% or $1.59 after the positive news, hitting $141.12 per share. About 159,344 shares traded hands. Rockwell Automation (NYSE:ROK) has risen 17.42% since June 7, 2016 and is uptrending. It has outperformed by 10.00% the S&P500.

Wafra Investment Advisory Group Inc is a New York-based institutional investor with more than $7.55 billion AUM in January, 2015. This fund invests only a small percentage of its assets in equities and options. Taken from Wafra Investment Advisory Group latest Adv, the fund reported to have 72 full and part-time employees. Among which 43 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

Insitutional Activity: The institutional sentiment increased to 1.05 in Q3 2016. Its up 0.05, from 1 in 2016Q2. The ratio increased, as 37 funds sold all ROK shares owned while 187 reduced positions. 60 funds bought stakes while 175 increased positions. They now own 85.78 million shares or 4.36% less from 89.69 million shares in 2016Q2. The Michigan-based Asset Mgmt Incorporated has invested 0.05% in Rockwell Automation (NYSE:ROK). Utd Advisers Ltd Liability has 0% invested in the company for 4,187 shares. Sequoia Ltd Com accumulated 1,777 shares or 0.04% of the stock. Kidder Stephen W last reported 1.67% of its portfolio in the stock. Ent Finance Services Corp last reported 0% of its portfolio in the stock. First Bank & Trust Na holds 1,690 shares or 0.04% of its portfolio. D E Shaw Inc has 0.01% invested in the company for 48,939 shares. Wagner Bowman Mngmt, a Maryland-based fund reported 1,943 shares. Ifc Fl holds 0.03% of its portfolio in Rockwell Automation (NYSE:ROK) for 2,691 shares. Timber Hill Ltd Llc last reported 6,596 shares in the company. Arizona State Retirement accumulated 31,900 shares or 0.06% of the stock. Paradigm Asset Ltd Liability Co accumulated 0% or 1,101 shares. Ls Advisors, a Michigan-based fund reported 5,269 shares. Stephens Inc Ar accumulated 1,637 shares or 0.01% of the stock. Suntrust Banks holds 0.01% or 7,221 shares in its portfolio.

Insider Transactions: Since August 5, 2016, the stock had 0 insider buys, and 42 insider sales for $31.90 million net activity. The insider NOSBUSCH KEITH D sold 50,000 shares worth $6.63M. Another trade for 1,400 shares valued at $166,841 was sold by HAGERMAN DOUGLAS M. The insider Chand Sujeet sold 13,700 shares worth $1.72 million. $9,926 worth of Rockwell Automation (NYSE:ROK) shares were sold by Champa Kenneth M. The insider DORGAN DAVID M sold 2,200 shares worth $261,926. Kulaszewicz Frank C sold $1.09M worth of Rockwell Automation (NYSE:ROK) on Monday, August 8. The insider Schmitt Susan sold $2.32 million.

More notable recent Rockwell Automation (NYSE:ROK) news were published by: Nasdaq.com which released: “Rockwell Automation Names Patrick Goris SVP & CFO – Quick Facts” on January 11, 2017, also Forbes.com with their article: “Short Interest In Rockwell Automation Decreases By 18%” published on December 28, 2016, Finance.Yahoo.com published: “Rockwell Automation Names Rebecca House General Counsel & Secretary” on December 13, 2016. More interesting news about Rockwell Automation (NYSE:ROK) were released by: Prnewswire.com and their article: “How These Machinery Stocks are Faring? — Rockwell Automation, Colfax …” published on December 27, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Rockwell Automation CEO Blake Moret’s FY 2016 total compensation was…” with publication date: December 22, 2016.

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.”

Rockwell Automation (NYSE:ROK) Ratings Coverage

Out of 17 analysts covering Rockwell Automation (NYSE:ROK), 3 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 18% are positive. Rockwell Automation has been the topic of 33 analyst reports since September 9, 2015 according to StockzIntelligence Inc. The company was downgraded on Thursday, April 28 by Langenberg. The company was downgraded on Thursday, October 29 by Bank of America. The rating was initiated by Sterne Agee CRT on Wednesday, September 9 with “Underperform”. Berenberg initiated the stock with “Sell” rating in Monday, October 3 report. CLSA downgraded the stock to “Underperform” rating in Wednesday, November 11 report. As per Friday, September 18, the company rating was initiated by Nomura. The company was initiated on Thursday, January 21 by Citigroup. As per Wednesday, November 11, the company rating was downgraded by Credit Agricole. The stock of Rockwell Automation (NYSE:ROK) earned “Neutral” rating by on Monday, October 10. The stock has “Underperform” rating given by Bernstein on Thursday, January 28.

ROK Company Profile

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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