Rockwell Automation (ROK) Holding Has Raised by Charter Trust Company; Southport Management Position in Corning (GLW) Lowered by $507,500

February 12, 2018 - By Ellis Scott

Southport Management Llc decreased its stake in Corning Inc (GLW) by 21.02% based on its latest 2017Q3 regulatory filing with the SEC. Southport Management Llc sold 17,500 shares as the company’s stock rose 5.06% with the market. The institutional investor held 65,750 shares of the telecommunications equipment company at the end of 2017Q3, valued at $1.97 million, down from 83,250 at the end of the previous reported quarter. Southport Management Llc who had been investing in Corning Inc for a number of months, seems to be less bullish one the $25.18B market cap company. The stock increased 2.02% or $0.58 during the last trading session, reaching $29.35. About 3.72 million shares traded. Corning Incorporated (NYSE:GLW) has risen 53.38% since February 12, 2017 and is uptrending. It has outperformed by 36.68% the S&P500.

Charter Trust Company increased its stake in Rockwell Automation Inc (ROK) by 19.48% based on its latest 2017Q3 regulatory filing with the SEC. Charter Trust Company bought 1,951 shares as the company’s stock rose 3.58% with the market. The institutional investor held 11,967 shares of the capital goods company at the end of 2017Q3, valued at $2.13 million, up from 10,016 at the end of the previous reported quarter. Charter Trust Company who had been investing in Rockwell Automation Inc for a number of months, seems to be bullish on the $23.81 billion market cap company. The stock increased 1.79% or $3.28 during the last trading session, reaching $186.32. About 331,303 shares traded. Rockwell Automation Inc. (NYSE:ROK) has risen 42.76% since February 12, 2017 and is uptrending. It has outperformed by 26.06% the S&P500.

Since August 24, 2017, it had 0 buys, and 7 sales for $12.68 million activity. Shares for $7.81M were sold by WEEKS WENDELL P on Tuesday, October 31. Kinlin Clark S also sold $1.33 million worth of Corning Incorporated (NYSE:GLW) on Thursday, August 24. Shares for $942,619 were sold by Pambianchi Christine M on Tuesday, August 29. RIEMAN DEBORAH had sold 2,083 shares worth $66,979 on Thursday, December 14. The insider TOOKES HANSEL E II sold $205,778. Shares for $945,178 were sold by Musser Eric S.

Investors sentiment decreased to 0.75 in Q3 2017. Its down 0.17, from 0.92 in 2017Q2. It worsened, as 64 investors sold GLW shares while 339 reduced holdings. 66 funds opened positions while 235 raised stakes. 610.60 million shares or 2.66% less from 627.26 million shares in 2017Q2 were reported. Amp Capital Investors Ltd stated it has 0.1% in Corning Incorporated (NYSE:GLW). Arrow Invest Advsrs Ltd has invested 0.15% in Corning Incorporated (NYSE:GLW). Ameriprise has 5.84M shares for 0.08% of their portfolio. State Teachers Retirement Sys owns 1.67M shares or 0.12% of their US portfolio. Argyle Cap Mngmt accumulated 43,650 shares or 0.51% of the stock. Caxton Assoc Lp has 0.02% invested in Corning Incorporated (NYSE:GLW). West Oak Cap Ltd Llc reported 51,762 shares stake. Annex Advisory Svcs Ltd Liability Co stated it has 39,526 shares. Nomura Asset Mngmt Ltd invested in 172,159 shares. Bartlett Limited Liability accumulated 8,950 shares or 0.01% of the stock. Sfe Inv Counsel holds 59,155 shares. Fruth Inv Management has 0.36% invested in Corning Incorporated (NYSE:GLW) for 26,425 shares. Toronto Dominion Financial Bank reported 347,319 shares. Wealthtrust Axiom Ltd Company holds 2.11% or 185,643 shares. 1832 Asset Mgmt Lp, a Ontario – Canada-based fund reported 1.03M shares.

Among 18 analysts covering Corning Incorporated (NYSE:GLW), 5 have Buy rating, 2 Sell and 11 Hold. Therefore 28% are positive. Corning Incorporated had 45 analyst reports since July 30, 2015 according to SRatingsIntel. On Friday, September 25 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Buy” rating given on Tuesday, September 15 by Deutsche Bank. Guggenheim maintained the shares of GLW in report on Tuesday, December 12 with “Buy” rating. On Tuesday, January 26 the stock rating was maintained by Drexel Hamilton with “Hold”. The company was downgraded on Tuesday, August 15 by Goldman Sachs. Deutsche Bank maintained it with “Buy” rating and $26 target in Wednesday, October 26 report. The stock of Corning Incorporated (NYSE:GLW) has “Outperform” rating given on Wednesday, October 28 by RBC Capital Markets. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, March 14. Guggenheim initiated Corning Incorporated (NYSE:GLW) rating on Wednesday, January 4. Guggenheim has “Buy” rating and $28 target. As per Friday, July 21, the company rating was maintained by Stifel Nicolaus.

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.24, from 1.26 in 2017Q2. It worsened, as 42 investors sold ROK shares while 210 reduced holdings. 56 funds opened positions while 201 raised stakes. 86.14 million shares or 1.05% less from 87.06 million shares in 2017Q2 were reported. Moreover, Broderick Brian C has 2.55% invested in Rockwell Automation Inc. (NYSE:ROK). Brandywine Global Investment Management Lc owns 14,903 shares or 0.02% of their US portfolio. Moreover, Asset Mgmt has 0.25% invested in Rockwell Automation Inc. (NYSE:ROK) for 84,816 shares. Twin Cap Incorporated has 18,680 shares for 0.17% of their portfolio. New Mexico Educational Retirement Board owns 11,926 shares or 0.1% of their US portfolio. Paradigm Asset Management Com owns 3,900 shares for 0.18% of their portfolio. Comml Bank Of America De reported 1.08 million shares stake. Fisher Asset Limited Liability accumulated 0.03% or 109,711 shares. Lodestar Invest Counsel Limited Com Il, Illinois-based fund reported 49,123 shares. Rhumbline Advisers invested 0.11% in Rockwell Automation Inc. (NYSE:ROK). Iowa-based Dubuque Bank & Trust Tru has invested 0.02% in Rockwell Automation Inc. (NYSE:ROK). Orrstown Finance, a Pennsylvania-based fund reported 502 shares. Twin Tree Mgmt Limited Partnership reported 5,141 shares. Camarda Advisors Ltd Company has invested 0.02% in Rockwell Automation Inc. (NYSE:ROK). Moreover, Investment Lc has 0.02% invested in Rockwell Automation Inc. (NYSE:ROK).

Among 29 analysts covering Rockwell Automation (NYSE:ROK), 5 have Buy rating, 3 Sell and 21 Hold. Therefore 17% are positive. Rockwell Automation had 63 analyst reports since September 9, 2015 according to SRatingsIntel. Citigroup initiated the shares of ROK in report on Thursday, January 21 with “Neutral” rating. The rating was maintained by Robert W. Baird with “Neutral” on Monday, November 13. The rating was maintained by Wells Fargo with “Market Perform” on Thursday, January 25. The rating was upgraded by Bernstein on Friday, September 30 to “Mkt Perform”. The stock of Rockwell Automation Inc. (NYSE:ROK) earned “Overweight” rating by Barclays Capital on Monday, October 24. The stock of Rockwell Automation Inc. (NYSE:ROK) has “Hold” rating given on Sunday, December 10 by Stifel Nicolaus. Citigroup maintained it with “Neutral” rating and $200 target in Friday, November 10 report. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, January 25. JP Morgan maintained it with “Neutral” rating and $190 target in Thursday, January 25 report. The stock of Rockwell Automation Inc. (NYSE:ROK) has “Hold” rating given on Wednesday, July 19 by Stifel Nicolaus.

Since August 16, 2017, it had 0 insider purchases, and 11 selling transactions for $26.87 million activity. Goris Patrick P. sold 4,900 shares worth $980,000. $495,161 worth of Rockwell Automation Inc. (NYSE:ROK) shares were sold by DORGAN DAVID M. Another trade for 5,677 shares valued at $965,638 was made by Moret Blake D. on Tuesday, September 12. Schmitt Susan sold $5.80 million worth of stock. Kulaszewicz Frank C had sold 43,100 shares worth $7.66 million on Tuesday, February 6. On Friday, January 26 NOSBUSCH KEITH D sold $2.13M worth of Rockwell Automation Inc. (NYSE:ROK) or 10,500 shares.

Charter Trust Company, which manages about $826.64 million US Long portfolio, decreased its stake in Ishares Msci United Kingdom Et by 24,272 shares to 45,409 shares, valued at $1.58M in 2017Q3, according to the filing. It also reduced its holding in Spdr (XLE) by 6,571 shares in the quarter, leaving it with 132,212 shares, and cut its stake in Spdr (XLK).

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