As Rockwell Automation (ROK) Market Valuation Rose, Shareholder First Trust Advisors LP Has Increased Its Stake; Rayonier (RYN) Holder Gruss Capital Management LP Has Boosted Holding

December 17, 2017 - By Dolores Ford

First Trust Advisors Lp increased its stake in Rockwell Automation Inc (ROK) by 66.03% based on its latest 2017Q2 regulatory filing with the SEC. First Trust Advisors Lp bought 68,106 shares as the company’s stock rose 3.58% with the market. The institutional investor held 171,243 shares of the capital goods company at the end of 2017Q2, valued at $27.74M, up from 103,137 at the end of the previous reported quarter. First Trust Advisors Lp who had been investing in Rockwell Automation Inc for a number of months, seems to be bullish on the $24.58 billion market cap company. The stock decreased 0.08% or $0.15 during the last trading session, reaching $191.31. About 218,619 shares traded. Rockwell Automation Inc. (NYSE:ROK) has risen 42.76% since December 17, 2016 and is uptrending. It has outperformed by 26.06% the S&P500.

Howard Guberman increased its stake in Rayonier Inc (RYN) by 16% based on its latest 2017Q2 regulatory filing with the SEC. Gruss Capital Management Lp bought 40,000 shares as the company’s stock declined 2.25% while stock markets rallied. The hedge fund run by Howard Guberman held 290,000 shares of the real estate investment trusts company at the end of 2017Q2, valued at $8.34M, up from 250,000 at the end of the previous reported quarter. Gruss Capital Management Lp who had been investing in Rayonier Inc for a number of months, seems to be bullish on the $4.04B market cap company. The stock increased 0.61% or $0.19 during the last trading session, reaching $31.43. About 968,831 shares traded or 112.50% up from the average. Rayonier Inc. (NYSE:RYN) has risen 11.93% since December 17, 2016 and is uptrending. It has underperformed by 4.77% the S&P500.

First Trust Advisors Lp, which manages about $85.44 billion and $37.47 billion US Long portfolio, decreased its stake in Devon Energy Corp New (NYSE:DVN) by 481,297 shares to 393,346 shares, valued at $12.58 million in 2017Q2, according to the filing. It also reduced its holding in Apache Corp (NYSE:APA) by 177,090 shares in the quarter, leaving it with 107,108 shares, and cut its stake in Pinnacle Finl Partners Inc (NASDAQ:PNFP).

Investors sentiment increased to 1.26 in 2017 Q2. Its up 0.04, from 1.22 in 2017Q1. It is positive, as 34 investors sold ROK shares while 190 reduced holdings. 74 funds opened positions while 209 raised stakes. 87.06 million shares or 0.70% more from 86.45 million shares in 2017Q1 were reported. Mechanics Retail Bank Tru Department invested 0.08% in Rockwell Automation Inc. (NYSE:ROK). Janney Montgomery Scott Limited Co holds 0.02% or 10,067 shares in its portfolio. Allsquare Wealth Llc has invested 0% in Rockwell Automation Inc. (NYSE:ROK). Livforsakringsbolaget Skandia Omsesidigt holds 7,234 shares. Advisor Partners reported 2,567 shares stake. Oppenheimer Asset Mngmt accumulated 24,036 shares. Dekabank Deutsche Girozentrale accumulated 0.1% or 81,436 shares. Pinebridge LP holds 0% or 37 shares. Benjamin F Edwards invested in 276 shares or 0.01% of the stock. Nomura Inc invested in 0% or 9,750 shares. Brandywine Global Investment Management Ltd stated it has 0.02% in Rockwell Automation Inc. (NYSE:ROK). Etrade Capital Mgmt Lc invested in 0.04% or 6,943 shares. Citadel Advisors Ltd Liability Corporation stated it has 0% in Rockwell Automation Inc. (NYSE:ROK). 3,415 were reported by Regions Corp. Finemark State Bank stated it has 1,924 shares.

Among 27 analysts covering Rockwell Automation (NYSE:ROK), 4 have Buy rating, 3 Sell and 20 Hold. Therefore 15% are positive. Rockwell Automation had 56 analyst reports since September 9, 2015 according to SRatingsIntel. The stock has “Underperform” rating by Sterne Agee CRT on Wednesday, September 9. On Monday, January 9 the stock rating was upgraded by Bank of America to “Neutral”. Morgan Stanley upgraded Rockwell Automation Inc. (NYSE:ROK) on Monday, January 9 to “Equal-Weight” rating. Bernstein downgraded the shares of ROK in report on Thursday, January 28 to “Underperform” rating. Oppenheimer maintained the shares of ROK in report on Friday, August 18 with “Hold” rating. The firm has “Hold” rating by Credit Suisse given on Wednesday, October 11. The rating was maintained by Stifel Nicolaus on Sunday, December 10 with “Hold”. The rating was downgraded by Gabelli on Thursday, April 21 to “Hold”. Berenberg initiated Rockwell Automation Inc. (NYSE:ROK) on Monday, October 3 with “Sell” rating. On Thursday, July 27 the stock rating was maintained by Oppenheimer with “Hold”.

Since July 31, 2017, it had 0 buys, and 12 sales for $12.77 million activity. Chand Sujeet also sold $1.57M worth of Rockwell Automation Inc. (NYSE:ROK) on Friday, August 4. 1,825 shares were sold by MILLER JOHN M, worth $301,808 on Wednesday, August 2. Etzel Steven W. had sold 2,100 shares worth $347,405. Moret Blake D. sold $965,638 worth of stock or 5,677 shares. CRANDALL THEODORE D sold $3.13M worth of stock or 18,900 shares. $496,092 worth of Rockwell Automation Inc. (NYSE:ROK) shares were sold by Fooks Elik I.

Among 7 analysts covering Rayonier (NYSE:RYN), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Rayonier had 20 analyst reports since August 6, 2015 according to SRatingsIntel. As per Monday, September 4, the company rating was maintained by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Friday, August 7 with “Sector Perform”. The company was maintained on Wednesday, November 1 by BMO Capital Markets. RBC Capital Markets maintained Rayonier Inc. (NYSE:RYN) rating on Friday, February 12. RBC Capital Markets has “Sector Perform” rating and $22 target. The company was maintained on Wednesday, September 27 by BMO Capital Markets. BMO Capital Markets maintained the stock with “Buy” rating in Thursday, June 22 report. The firm has “Hold” rating by RBC Capital Markets given on Friday, October 6. The firm has “Buy” rating given on Wednesday, July 26 by BMO Capital Markets. The stock of Rayonier Inc. (NYSE:RYN) has “Sell” rating given on Thursday, August 20 by Zacks. On Friday, May 26 the stock rating was upgraded by Vertical Research to “Buy”.

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