As Merck & Co New (MRK) Market Value Rose, Franklin Street Advisors Has Lowered Its Stake; Rockwell Automation (ROK) Stock Value Declined While Frontier Investment Mgmt Company Cut by $3.83 Million Its Position

June 13, 2018 - By Neil V. Hobbs

Rockwell Automation Inc. (NYSE:ROK) Logo

Franklin Street Advisors Inc decreased its stake in Merck & Co Inc New (MRK) by 89.32% based on its latest 2018Q1 regulatory filing with the SEC. Franklin Street Advisors Inc sold 128,885 shares as the company’s stock rose 5.40% while stock markets declined. The hedge fund held 15,415 shares of the health care company at the end of 2018Q1, valued at $840,000, down from 144,300 at the end of the previous reported quarter. Franklin Street Advisors Inc who had been investing in Merck & Co Inc New for a number of months, seems to be less bullish one the $168.43 billion market cap company. The stock increased 0.26% or $0.165 during the last trading session, reaching $62.605. About 6.91M shares traded. Merck & Co., Inc. (NYSE:MRK) has declined 9.15% since June 13, 2017 and is downtrending. It has underperformed by 21.72% the S&P500. Some Historical MRK News: 01/05/2018 – MERCK & CO SEES FY ADJ EPS $4.16 TO $4.28, SAW $4.08 TO $4.23; 19/04/2018 – P&G to buy Merck’s consumer health business for €3.4bn; 17/05/2018 – Interesting night — The top winners and losers on ASCO abstract night: Loxo, Blueprint, Jounce, Merck KGaA and more $JNCE $LOXO $BPMC $NVS etc; 13/03/2018 – Merck: First Filing Acceptance for an Anti-PD-1 Therapy in Cervical Cancer; 13/03/2018 – MERCK & CO INC – SBLA FOR KEYTRUDA IS BASED IN PART ON DATA FROM PHASE 2 KEYNOTE-158 TRIAL; 09/04/2018 – KEYTRUDA MONOTHERAPY MET PRIMARY ENDPOINT IN PHASE 3; 03/05/2018 – European Medicines Agency Validates Bristol-Myers Squibb’s Type II Variation Application for Opdivo Plus Yervoy Combination; 23/03/2018 – Merck, Eisai: Anticancer Agent Lenvima Approved for Additional Indication of Unresectable Hepatocellular Carcinoma in Japan; 03/05/2018 – MERCK WILL MAKE $125M INVESTMENT IN MODERNA; 25/04/2018 – GILEAD HAD BEEN SUED BY MERCK OVER ITS HEPATITIS DRUGS

Frontier Investment Mgmt Company decreased its stake in Rockwell Automation Inc (ROK) by 0.73% based on its latest 2018Q1 regulatory filing with the SEC. Frontier Investment Mgmt Company sold 22 shares as the company’s stock declined 5.51% with the market. The institutional investor held 3,002 shares of the capital goods company at the end of 2018Q1, valued at $522.94 million, down from 3,024 at the end of the previous reported quarter. Frontier Investment Mgmt Company who had been investing in Rockwell Automation Inc for a number of months, seems to be less bullish one the $22.48B market cap company. The stock decreased 0.69% or $1.24 during the last trading session, reaching $178.97. About 479,488 shares traded. Rockwell Automation Inc. (NYSE:ROK) has risen 11.77% since June 13, 2017 and is uptrending. It has underperformed by 0.80% the S&P500. Some Historical ROK News: 02/05/2018 – TenLinks: Rockwell Automation Updates FactoryTalk Analytics Portfolio; 14/05/2018 – Rockwell Automation Presenting at Conference May 21; 11/04/2018 – Lucas Museum Comes Forward as Buyer of Rockwell Painting; 16/03/2018 – UTX CEO: PORTFOLIO REVIEW TO BEGIN AFTER ROCKWELL DEAL CLOSE; 27/04/2018 – In remote China, a high-tech auto plant flags global challenge; 28/03/2018 – ROCKWELL AUTOMATION INC ROK.N : WELLS FARGO RAISES TO OUTPERFORM; 28/03/2018 – ROCKWELL AUTOMATION INC ROK.N : WELLS FARGO RAISES TARGET PRICE TO $205 FROM $200; 25/04/2018 – ROCKWELL AUTOMATION INC – “DEMAND FOR QUARTER WAS FAIRLY BROAD BASED ACROSS REGIONS AND VERTICALS”; 04/05/2018 – United Technologies Wins EU Nod for $23 Billion Rockwell Deal; 25/04/2018 – ROCKWELL AUTOMATION INC – ” GLOBAL MANUFACTURING ENVIRONMENT REMAINS FAVORABLE AND MACROECONOMIC INDICATORS ARE POSITIVE”

Analysts await Rockwell Automation Inc. (NYSE:ROK) to report earnings on July, 25. They expect $2.04 earnings per share, up 15.91% or $0.28 from last year’s $1.76 per share. ROK’s profit will be $256.18M for 21.93 P/E if the $2.04 EPS becomes a reality. After $1.89 actual earnings per share reported by Rockwell Automation Inc. for the previous quarter, Wall Street now forecasts 7.94% EPS growth.

Frontier Investment Mgmt Company, which manages about $1.19B and $1203.28 billion US Long portfolio, upped its stake in Genuine Parts Co (NYSE:GPC) by 191 shares to 3,651 shares, valued at $327.98 million in 2018Q1, according to the filing. It also increased its holding in Firstenergy Corp (NYSE:FE) by 7,221 shares in the quarter, for a total of 222,963 shares, and has risen its stake in Edgewater Technology Inc (NASDAQ:EDGW).

More important recent Rockwell Automation Inc. (NYSE:ROK) news were published by: Fool.com which released: “3 Under-the-Radar Robotics Stocks” on June 12, 2018, also Themiddlemarket.com published article titled: “M&A daily wrap: Rockwell, PTC, L Catterton, Splunk, Heineken, Knauf”, Bizjournals.com published: “Former Rockwell Automation CFO Crandall retiring in late 2018” on June 12, 2018. More interesting news about Rockwell Automation Inc. (NYSE:ROK) was released by: Seekingalpha.com and their article: “Rockwell Automation increases FY2018 share repurchase target to $1.5B” with publication date: June 11, 2018.

Since January 26, 2018, it had 0 insider buys, and 14 selling transactions for $30.30 million activity. On Tuesday, February 6 Kulaszewicz Frank C sold $7.66 million worth of Rockwell Automation Inc. (NYSE:ROK) or 43,100 shares. CRANDALL THEODORE D sold $2.03 million worth of stock or 10,000 shares. MILLER JOHN M also sold $831,996 worth of Rockwell Automation Inc. (NYSE:ROK) shares. MCDERMOTT JOHN P sold 2,050 shares worth $385,187. $894,054 worth of Rockwell Automation Inc. (NYSE:ROK) shares were sold by Chand Sujeet. Goris Patrick P. sold $980,000 worth of stock or 4,900 shares.

Investors sentiment decreased to 1.03 in 2018 Q1. Its down 0.05, from 1.08 in 2017Q4. It turned negative, as 55 investors sold ROK shares while 217 reduced holdings. 74 funds opened positions while 205 raised stakes. 83.56 million shares or 0.92% less from 84.33 million shares in 2017Q4 were reported. 169,559 were reported by State Board Of Administration Of Florida Retirement. First Republic Inv Mngmt Inc holds 0.02% or 12,662 shares. Blue Chip Prtn owns 800 shares or 0.04% of their US portfolio. Syntal Cap Prns Ltd Llc, a Texas-based fund reported 1,823 shares. Tiaa Cref Management Lc reported 0.11% in Rockwell Automation Inc. (NYSE:ROK). Smithfield Trust invested in 2,969 shares or 0.06% of the stock. Captrust Finance reported 341 shares. Hightower Advsr Ltd owns 13,271 shares. 26 are owned by Tarbox Family Office. Suffolk Capital Mngmt stated it has 70,214 shares or 1.73% of all its holdings. Moreover, Sun Life has 0% invested in Rockwell Automation Inc. (NYSE:ROK). Price T Rowe Incorporated Md owns 300,142 shares or 0.01% of their US portfolio. Chicago Equity Partners Ltd Liability, Illinois-based fund reported 80,645 shares. Moreover, Rudman Errol M has 0.84% invested in Rockwell Automation Inc. (NYSE:ROK). Principal Fincl Group owns 194,803 shares for 0.03% of their portfolio.

Among 30 analysts covering Rockwell Automation (NYSE:ROK), 5 have Buy rating, 3 Sell and 22 Hold. Therefore 17% are positive. Rockwell Automation had 74 analyst reports since September 9, 2015 according to SRatingsIntel. The firm has “Hold” rating by Oppenheimer given on Friday, August 18. Citigroup maintained Rockwell Automation Inc. (NYSE:ROK) rating on Tuesday, April 19. Citigroup has “Neutral” rating and $120 target. On Wednesday, April 25 the stock rating was downgraded by Vertical Research to “Hold”. The rating was upgraded by J.P. Morgan to “Hold” on Thursday, July 27. The rating was maintained by Citigroup with “Neutral” on Monday, October 9. Cowen & Co maintained Rockwell Automation Inc. (NYSE:ROK) rating on Thursday, October 26. Cowen & Co has “Hold” rating and $140.0 target. Robert W. Baird downgraded Rockwell Automation Inc. (NYSE:ROK) on Monday, October 5 to “Neutral” rating. On Wednesday, March 28 the stock rating was upgraded by Wells Fargo to “Outperform”. The rating was maintained by Cowen & Co on Friday, September 15 with “Hold”. The company was maintained on Thursday, April 26 by Barclays Capital.

More notable recent Merck & Co., Inc. (NYSE:MRK) news were published by: Seekingalpha.com which released: “Bristol Meyers Top NASH Contenders” on June 12, 2018, also Streetinsider.com with their article: “Merck (MRK) Says FDA Granted Priority Review to its sBLA for GARDASIL9 in Women and Men Ages 27 to 45 for …” published on June 13, 2018, Streetinsider.com published: “Merck (MRK) Announces FDA Approval of its KEYTRUDA for Previously Treated Patients with Recurrent or Metastatic …” on June 12, 2018. More interesting news about Merck & Co., Inc. (NYSE:MRK) were released by: Businesswire.com and their article: “FDA Grants Priority Review to Merck’s Supplemental Biologics License Application (sBLA) for GARDASIL” published on June 13, 2018 as well as 247Wallst.com‘s news article titled: “Major Pharmaceuticals Scare Off Short Sellers” with publication date: June 12, 2018.

Among 24 analysts covering Merck & Co. Inc. (NYSE:MRK), 21 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Merck & Co. Inc. had 90 analyst reports since August 13, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Hold” rating and $6700 target in Friday, April 20 report. The firm has “Outperform” rating by BMO Capital Markets given on Wednesday, February 14. The rating was maintained by Argus Research with “Buy” on Tuesday, November 17. SunTrust upgraded Merck & Co., Inc. (NYSE:MRK) on Tuesday, January 16 to “Buy” rating. As per Thursday, August 13, the company rating was upgraded by BMO Capital Markets. BMO Capital Markets maintained Merck & Co., Inc. (NYSE:MRK) on Tuesday, October 31 with “Outperform” rating. The rating was maintained by SunTrust with “Buy” on Friday, July 28. The stock has “Hold” rating by Jefferies on Tuesday, March 15. The firm earned “Buy” rating on Thursday, October 13 by Bank of America. Jefferies maintained Merck & Co., Inc. (NYSE:MRK) rating on Friday, October 20. Jefferies has “Sell” rating and $55.0 target.

Investors sentiment increased to 1 in 2018 Q1. Its up 0.06, from 0.94 in 2017Q4. It improved, as 72 investors sold MRK shares while 603 reduced holdings. 114 funds opened positions while 561 raised stakes. 1.91 billion shares or 1.08% less from 1.93 billion shares in 2017Q4 were reported. 31,403 are held by Amer Rech And Mngmt. Moneta Group Investment Advsrs Ltd has invested 0.05% in Merck & Co., Inc. (NYSE:MRK). Nomura Asset Mgmt Co holds 0.74% of its portfolio in Merck & Co., Inc. (NYSE:MRK) for 1.24 million shares. Paw Cap Corp owns 12,000 shares. Lpl Fincl Ltd Liability owns 0.11% invested in Merck & Co., Inc. (NYSE:MRK) for 756,922 shares. Navellier And Incorporated holds 13,200 shares or 0.11% of its portfolio. Aldebaran Fincl has 0.45% invested in Merck & Co., Inc. (NYSE:MRK) for 12,421 shares. Fragasso Grp Inc owns 5,865 shares for 0.08% of their portfolio. Washington Trust has invested 0.15% in Merck & Co., Inc. (NYSE:MRK). A D Beadell Counsel accumulated 15,363 shares. Patriot Wealth invested in 118,275 shares. Park Corp Oh holds 1.31% of its portfolio in Merck & Co., Inc. (NYSE:MRK) for 415,456 shares. 189,965 are owned by Two Sigma Securities Ltd Limited Liability Company. Tru Com Of Virginia Va has invested 0.39% in Merck & Co., Inc. (NYSE:MRK). Stelac Advisory Lc has invested 0.07% of its portfolio in Merck & Co., Inc. (NYSE:MRK).

Rockwell Automation Inc. (NYSE:ROK) Institutional Positions Chart

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