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Main » Emerson sweetens bid for Rockwell Automation to $29 billion

Emerson sweetens bid for Rockwell Automation to $29 billion

17 November 2017

Acrospire Investment Management LLC now owns 799 shares of the industrial products company's stock worth $129,000 after purchasing an additional 499 shares during the period. The Rockwell Automation Inc had a decent operating margin of 16.36%, compared with the operating margin of 17.15% a year before.

The Q.i. Value of Rockwell Automation Inc. The VC1 of Rockwell Automation Inc.

Glg Partners Lp, which manages about $27.28B and $1.81B US Long portfolio, decreased its stake in C&J Energy Svcs Inc New by 48,641 shares to 223,514 shares, valued at $7.66 million in 2017Q2, according to the filing.

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Several equities research analysts have recently weighed in on ROK shares. "A combination of Emerson and Rockwell would create a leader in the $200 billion global automation market", Emerson CEO David Farr said in a letter to Rockwell. During the same quarter in the previous year, the business posted $1.52 EPS. sell-side analysts anticipate that Rockwell Automation, Inc. will post 7.39 EPS for the current fiscal year.

Rockwell shares leapt 8% to 204.00 in premarket trading on the stock market today, while Emerson shares were down 0.7% at 58.70. The stock of Rockwell Automation (NYSE:ROK) has "Neutral" rating given on Thursday, January 21 by Citigroup.

It's the company's third attempt to buy Rockwell. Cowen & Co maintained Rockwell Automation (NYSE:ROK) on Thursday, October 26 with "Hold" rating. For the last five years Rockwell Automation Inc had an average revenue decline of 0.7% a year.

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Since Rockwell is a major supplier of software and controls for assembly lines, the deal would bolster Emerson's operations in the area and help improve the company's position in the automation market. (NYSE:ROK) is 65. A company with a value of 0 is thought to be an undervalued company, while a company with a value of 100 is considered an overvalued company. The Volatility 3m of Rockwell Automation Inc. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Rockwell Automation during the 3rd quarter worth approximately $186,000. Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. Rockland Trust Co. now owns 16,899 shares of the company's stock worth $1,940,000 after buying an additional 2,330 shares during the last quarter. Shares of Rockwell - which provides industrial automation power, control and information solutions to manufacturers - closed at $188.73 on Wednesday and have risen more than 40 percent in 2017.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. The first value is calculated by adding the dividend yield to the percentage of repurchased shares. The ex-dividend date of this dividend is Friday, November 10th. This is a positive change from Rockwell Automation's previous quarterly dividend of $0.76. Rockwell Automation's dividend payout ratio (DPR) is now 54.58%. The total value of its holdings increased 20.0%. Following the transaction, the insider now directly owns 22,849 shares in the company, valued at $3,885,700.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

In other Rockwell Automation news, insider Blake D. Moret sold 5,677 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $170.10, for a total transaction of $965,657.70. The insider Etzel Steven W. sold 3,000 shares worth $475,635. The disclosure for this sale can be found here. MCCORMICK WILLIAM T JR/WI also sold $68,288 worth of Rockwell Automation (NYSE:ROK) shares. "(ROK)" was originally posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and worldwide copyright & trademark law.

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More notable recent Rockwell Automation (NYSE:ROK) news were published by: Prnewswire.com which released: "ManpowerGroup and Rockwell Automation Host Graduation Ceremony for Newly ..." on November 10, 2017, also Seekingalpha.com with their article: "Rockwell Automation (ROK) Q4 2017 Results - Earnings Call Transcript" published on November 08, 2017, Businesswire.com published: "RF IDeas to Showcase Leading Manufacturing Authentication Solutions at the ..." on November 14, 2017.

Emerson sweetens bid for Rockwell Automation to $29 billion