It Seems Rockwell Automation Will Go Down. Had Bearish Options Activity

 It Seems Rockwell Automation Will Go Down. Had Bearish Options Activity

In today’s session Rockwell Automation (ROK) recorded an unusually high (198) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious ROK decrease. With 198 contracts traded and 274 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: ROK161118P00105000 closed last at: $0.95 or 17.4% down. About 158,139 shares traded hands. Rockwell Automation (NYSE:ROK) has risen 7.78% since March 15, 2016 and is uptrending. It has outperformed by 2.30% the S&P500.

Analysts await Rockwell Automation (NYSE:ROK) to report earnings on November, 8. They expect $1.49 earnings per share, down 5.10% or $0.08 from last year’s $1.57 per share. ROK’s profit will be $190.70M for 19.45 P/E if the $1.49 EPS becomes a reality. After $1.55 actual earnings per share reported by Rockwell Automation for the previous quarter, Wall Street now forecasts -3.87% negative EPS growth.

Rockwell Automation (NYSE:ROK) Ratings Coverage

Out of 15 analysts covering Rockwell Automation (NYSE:ROK), 2 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 13% are positive. Rockwell Automation has been the topic of 30 analyst reports since September 9, 2015 according to StockzIntelligence Inc. The rating was initiated by HSBC on Friday, October 7 with “Hold”. As per Monday, October 10, the company rating was maintained by . The firm has “Underperform” rating given on Thursday, January 28 by Bernstein. The firm has “Buy” rating by Deutsche Bank given on Wednesday, November 11. The firm has “Market Perform” rating given on Wednesday, May 11 by FBR Capital. Citigroup initiated Rockwell Automation (NYSE:ROK) on Thursday, January 21 with “Neutral” rating. Citigroup maintained Rockwell Automation (NYSE:ROK) on Tuesday, April 19 with “Neutral” rating. Bank of America downgraded Rockwell Automation (NYSE:ROK) on Thursday, October 29 to “Underperform” rating. As per Monday, October 3, the company rating was initiated by Berenberg. The stock of Rockwell Automation (NYSE:ROK) has “Underperform” rating given on Wednesday, September 9 by Sterne Agee CRT.

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.”

Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 0.03, from 0.97 in 2016Q1. The ratio increased, as 36 funds sold all Rockwell Automation shares owned while 186 reduced positions. 41 funds bought stakes while 180 increased positions. They now own 89.69 million shares or 11.28% less from 101.09 million shares in 2016Q1.
Clinton Grp Inc holds 8,293 shares or 0.04% of its portfolio. Patten Grp has 47 shares for 0% of their US portfolio. Advisors Asset Mngmt holds 0.2% or 108,743 shares in its portfolio. Moreover, Nbt National Bank & Trust N A Ny has 0.04% invested in Rockwell Automation (NYSE:ROK) for 2,100 shares. Fayez Sarofim And reported 5,260 shares or 0% of all its holdings. Vident Investment Advisory Llc has 14,415 shares for 0.23% of their US portfolio. Citigroup has invested 0% of its portfolio in Rockwell Automation (NYSE:ROK). The Massachusetts-based Congress Asset Mgmt Company Ma has invested 1.3% in Rockwell Automation (NYSE:ROK). Swiss Fincl Bank has 368,336 shares for 0.07% of their US portfolio. Blackrock Inc accumulated 0.05% or 280,542 shares. Comm Bank & Trust accumulated 22,136 shares or 0.04% of the stock. Fmr Limited Liability last reported 0.02% of its portfolio in the stock. Principal Financial Grp Inc last reported 195,662 shares in the company. Moreover, Burney has 0.02% invested in Rockwell Automation (NYSE:ROK) for 2,282 shares. Smithfield Trust Co holds 0.02% of its portfolio in Rockwell Automation (NYSE:ROK) for 700 shares.

Insider Transactions: Since May 5, 2016, the stock had 0 buys, and 13 insider sales for $6.21 million net activity. MILLER JOHN M had sold 1,881 shares worth $210,136. Another trade for 4,800 shares valued at $571,891 was made by Chand Sujeet on Monday, August 15. $1.16M worth of Rockwell Automation (NYSE:ROK) was sold by HAGERMAN DOUGLAS M on Tuesday, August 23. CRANDALL THEODORE D sold $640,322 worth of stock or 5,404 shares. Etzel Steven W. also sold $218,768 worth of Rockwell Automation (NYSE:ROK) on Friday, September 30. Kulaszewicz Frank C had sold 9,267 shares worth $1.09 million. MCCORMICK WILLIAM T JR/WI had sold 686 shares worth $77,587 on Tuesday, May 10.

Rockwell Automation, Inc. is a well-known provider of industrial automation power, control and information solutions for manufacturers. The company has a market cap of $14.84 billion. The Firm operates through two divisions: Architecture & Software and Control Products & Solutions. It has a 20.58 P/E ratio. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.

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.

More important recent Rockwell Automation (NYSE:ROK) news were published by: Prnewswire.com which released: “JMP Engineering Achieves Fourth Technology Designation with Rockwell Automation” on October 18, 2016, also Fool.com published article titled: “Is Rockwell Automation Stock Still a Good Value?”, Bizjournals.com published: “Rockwell Automation buys systems integrator Maverick Technologies” on October 03, 2016. More interesting news about Rockwell Automation (NYSE:ROK) was released by: Thestreet.com and their article: “Rockwell Automation (ROK) Stock Advancing, Bernstein Upgrades” with publication date: September 30, 2016.

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