Sumitomo Life Insurance Company Upped Rockwell Automation Com (ROK) Holding by $478,642 as Market Valuation Rose; Front Barnett Associates Stake in Helmerich & Payne (HP) Decreased by $347,724 as Stock Price Declined

February 15, 2018 - By Winifred Garcia

Sumitomo Life Insurance Company increased its stake in Rockwell Automation Inc Com (ROK) by 23.03% based on its latest 2017Q3 regulatory filing with the SEC. Sumitomo Life Insurance Company bought 2,689 shares as the company’s stock rose 3.58% with the market. The institutional investor held 14,364 shares of the capital goods company at the end of 2017Q3, valued at $2.56M, up from 11,675 at the end of the previous reported quarter. Sumitomo Life Insurance Company who had been investing in Rockwell Automation Inc Com for a number of months, seems to be bullish on the $23.91B market cap company. The stock increased 1.44% or $2.65 during the last trading session, reaching $187.09. About 823,516 shares traded. Rockwell Automation Inc. (NYSE:ROK) has risen 42.76% since February 15, 2017 and is uptrending. It has outperformed by 26.06% the S&P500.

Front Barnett Associates Llc decreased its stake in Helmerich & Payne Inc (HP) by 5.71% based on its latest 2017Q3 regulatory filing with the SEC. Front Barnett Associates Llc sold 6,687 shares as the company’s stock declined 12.04% while stock markets rallied. The institutional investor held 110,381 shares of the energy company at the end of 2017Q3, valued at $5.75 million, down from 117,068 at the end of the previous reported quarter. Front Barnett Associates Llc who had been investing in Helmerich & Payne Inc for a number of months, seems to be less bullish one the $7.20B market cap company. The stock increased 3.75% or $2.39 during the last trading session, reaching $66.12. About 2.16M shares traded or 18.40% up from the average. Helmerich & Payne, Inc. (NYSE:HP) has risen 4.51% since February 15, 2017 and is uptrending. It has underperformed by 12.19% the S&P500.

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. The rating was maintained by Citigroup on Thursday, January 25 with “Neutral”. The stock has “Hold” rating by Gabelli on Thursday, April 21. The firm has “Underperform” rating given on Thursday, January 28 by Bernstein. As per Monday, January 9, the company rating was upgraded by Morgan Stanley. Citigroup maintained it with “Neutral” rating and $200 target in Friday, November 10 report. The firm has “Neutral” rating by given on Monday, October 10. Cowen & Co maintained the shares of ROK in report on Thursday, October 26 with “Hold” rating. The company was downgraded on Friday, January 27 by Gabelli. The firm has “Mkt Perform” rating by Bernstein given on Friday, September 30. On Monday, October 9 the stock rating was maintained by Citigroup with “Neutral”.

Sumitomo Life Insurance Company, which manages about $785.08 million US Long portfolio, decreased its stake in Lockheed Martin Corp Com (NYSE:LMT) by 2,452 shares to 13,172 shares, valued at $4.09 million in 2017Q3, according to the filing. It also reduced its holding in Brown Forman Corp Cl B (NYSE:BF.B) by 18,737 shares in the quarter, leaving it with 26,163 shares, and cut its stake in Suntrust Bks Inc Com (NYSE:STI).

Since August 16, 2017, it had 0 insider buys, and 11 selling transactions for $26.87 million activity. NOSBUSCH KEITH D had sold 10,500 shares worth $2.13 million on Friday, January 26. 28,800 shares valued at $5.80M were sold by Schmitt Susan on Friday, January 26. Another trade for 5,677 shares valued at $965,638 was sold by Moret Blake D.. Another trade for 145 shares valued at $27,893 was made by Goris Patrick P. on Friday, December 8. The insider Kulaszewicz Frank C sold 43,100 shares worth $7.66 million. Another trade for 3,000 shares valued at $495,161 was made by DORGAN DAVID M on Wednesday, August 16.

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.24, from 1.26 in 2017Q2. It is negative, 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. Btim Corporation stated it has 4,500 shares. Capital Financial Advisers Limited Liability Company owns 4,617 shares or 0.01% of their US portfolio. Engineers Gate Manager Lp has invested 0.02% in Rockwell Automation Inc. (NYSE:ROK). Jfs Wealth Advisors Limited Liability Co reported 0% in Rockwell Automation Inc. (NYSE:ROK). Twin Cap holds 0.17% in Rockwell Automation Inc. (NYSE:ROK) or 18,680 shares. Blair William & Commerce Il holds 0.01% or 5,838 shares. 10,034 were reported by Rmb Capital Ltd. Fort Point Prtnrs Ltd Liability Co has 4,055 shares. Lpl Finance Limited Liability Co has invested 0.01% in Rockwell Automation Inc. (NYSE:ROK). Millennium Management Limited Company owns 67,397 shares. Cleararc Cap stated it has 0.1% of its portfolio in Rockwell Automation Inc. (NYSE:ROK). Horizon Kinetics Lc holds 7,463 shares. Dupont Capital holds 0.05% of its portfolio in Rockwell Automation Inc. (NYSE:ROK) for 11,177 shares. Royal Comml Bank Of Canada accumulated 291,491 shares. Winslow Evans And Crocker Inc owns 3,382 shares.

Among 36 analysts covering Helmerich & Payne (NYSE:HP), 9 have Buy rating, 8 Sell and 19 Hold. Therefore 25% are positive. Helmerich & Payne had 131 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Goldman Sachs given on Friday, March 11. The rating was maintained by Citigroup with “Neutral” on Wednesday, July 13. The rating was maintained by Cowen & Co on Thursday, September 14 with “Hold”. Jefferies maintained it with “Hold” rating and $50.0 target in Thursday, August 31 report. The stock of Helmerich & Payne, Inc. (NYSE:HP) earned “Mkt Perform” rating by FBR Capital on Friday, July 29. Credit Suisse downgraded the stock to “Underperform” rating in Wednesday, June 1 report. The firm has “Sell” rating given on Thursday, March 23 by Jefferies. The firm has “Sell” rating by BMO Capital Markets given on Wednesday, October 11. The rating was maintained by Citigroup on Wednesday, October 5 with “Neutral”. The firm has “Hold” rating given on Friday, September 8 by RBC Capital Markets.

Investors sentiment increased to 0.96 in Q3 2017. Its up 0.03, from 0.93 in 2017Q2. It is positive, as 37 investors sold HP shares while 154 reduced holdings. 50 funds opened positions while 133 raised stakes. 112.20 million shares or 3.56% less from 116.34 million shares in 2017Q2 were reported. Vanguard Group Inc Inc invested 0.03% in Helmerich & Payne, Inc. (NYSE:HP). Thrivent Finance For Lutherans, Minnesota-based fund reported 4,310 shares. Northwestern Mutual Wealth Management Communication owns 35 shares. Dimensional Fund Advsrs Lp reported 2.38M shares stake. Peloton Wealth Strategists holds 23,900 shares. 44,019 are held by Pnc Financial Gp. Connecticut-based Timber Hill Limited Liability has invested 0.05% in Helmerich & Payne, Inc. (NYSE:HP). Nomura Inc has invested 0% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). Prudential Financial stated it has 149,146 shares or 0.01% of all its holdings. Meeder Asset Management holds 9,956 shares or 0.06% of its portfolio. Caisse De Depot Et Placement Du Quebec invested in 44,696 shares. Capital Intll Limited Ca reported 0.03% stake. Century stated it has 1.99M shares. Bessemer Inc holds 33,546 shares or 0.01% of its portfolio. Montgomery Management Inc has 5,500 shares.

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