Emerson raises bid for Rockwell Automation to $29bn

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They expect $0.83 EPS, up 1.22% or $0.01 from last year's $0.82 per share. Canada Pension Plan Investment Board now owns 231,974 shares of the industrial products company's stock worth $41,340,000 after purchasing an additional 1,219 shares during the period.

The new offer is to acquire all outstanding shares of Rockwell for $225 apiece, consisting of $135 per share in cash and $90 per share in Emerson stock. On Wednesday, May 31 Chand Sujeet sold $1.52M worth of Rockwell Automation (NYSE:ROK) or 9,500 shares. Rockland Trust Co. increased its position in shares of Rockwell Automation by 16.0% in the second quarter. Lombard Odier Asset Management Switzerland Sa sold 4,313 shares as the company's stock rose 3.58% with the market. Telemus Capital LLC bought a new position in shares of Rockwell Automation during the second quarter worth about $201,000. The MF Rank of Rockwell Automation Inc. About 1.47 million shares traded or 37.38% up from the average. Checking in on some other ratios, the company has a Price to Cash Flow ratio of 23.562724, and a current Price to Earnings ratio of 29.506912.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, November 8th. The company has a market cap of $17.23 billion, a PE ratio of 24.17 and a beta of 1.07.

For the last quarter Rockwell Automation Inc reported a revenue of $1.7 billion, compared with the revenue of $1.5 billion during the same period a year ago. Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. As of the latest earnings report the EPS was $6.35 with 128.40M shares now outstanding.

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Rockwell's shares were up 7%, trading at $202 before the offer was made. Shareholders of record on Monday, November 14th were issued a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, November 9th. Rockwell Automation earned a news sentiment score of 0.24 on Accern's scale. Rockwell Automation's dividend payout ratio (DPR) is now 54.58%. The stock was sold at an average price of $170.10, for a total transaction of $965,657.70. Sun Life Financial INC now owns 945 shares of the industrial products company's stock valued at $153,000 after acquiring an additional 934 shares in the last quarter. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The shares were sold at an average price of $170.06, for a total value of $293,013.38. Following the transaction, the insider now directly owns 22,849 shares in the company, valued at $3,885,700.94. The disclosure for this sale can be found here. If you are reading this piece on another domain, it was illegally copied and reposted in violation of USA and global copyright & trademark law.

Marketfield Asset Management Llc decreased its stake in Rockwell Automation Inc (ROK) by 11.96% based on its latest 2017Q2 regulatory filing with the SEC. Glg Partners Lp who had been investing in Twenty First Centy Fox Inc for a number of months, seems to be bullish on the $53.74B market cap company. It increased, as 34 investors sold Rockwell Automation shares while 190 reduced holdings. The stock of Rockwell Automation (NYSE:ROK) earned "Buy" rating by Buckingham Research on Friday, January 20. Credit Agricole downgraded Rockwell Automation (NYSE:ROK) on Wednesday, November 11 to "Underperform" rating. Finally, Stifel Nicolaus reissued a "hold" rating and set a $167.00 target price on shares of Rockwell Automation in a research report on Wednesday, July 19th.

Among 26 analysts covering Rockwell Automation (NYSE:ROK), 4 have Buy rating, 3 Sell and 19 Hold. Rockwell Automation now has an average rating of "Hold" and an average price target of $165.00.

Rockwell Automation, Inc.is a well-known provider of industrial automation power, control and information solutions for manufacturers. It operates in two segments: architecture and software and control products and solutions.

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