Gates Capital Management Raised Holding in Grace W R & Co Del New (GRA) by $17.34 Million; Weatherly Asset Management Stake In Rockwell Automation (ROK) Was Has Increased

December 7, 2017 - By Migdalia James

Jeffrey Gates increased its stake in Grace W R & Co Del New (GRA) by 14.56% based on its latest 2017Q2 regulatory filing with the SEC. Gates Capital Management Inc bought 240,817 shares as the company’s stock declined 0.67% while stock markets rallied. The hedge fund run by Jeffrey Gates held 1.90M shares of the major chemicals company at the end of 2017Q2, valued at $136.48M, up from 1.65 million at the end of the previous reported quarter. Gates Capital Management Inc who had been investing in Grace W R & Co Del New for a number of months, seems to be bullish on the $4.79 billion market cap company. The stock increased 0.04% or $0.03 during the last trading session, reaching $70.67. About 72,870 shares traded. W. R. Grace & Co. (NYSE:GRA) has declined 6.22% since December 7, 2016 and is downtrending. It has underperformed by 22.92% the S&P500.

Weatherly Asset Management increased its stake in Rockwell Automation Inc (ROK) by 90.88% based on its latest 2017Q2 regulatory filing with the SEC. Weatherly Asset Management bought 7,560 shares as the company’s stock rose 3.58% with the market. The institutional investor held 15,879 shares of the capital goods company at the end of 2017Q2, valued at $2.57M, up from 8,319 at the end of the previous reported quarter. Weatherly Asset Management who had been investing in Rockwell Automation Inc for a number of months, seems to be bullish on the $24.78 billion market cap company. The stock increased 1.18% or $2.25 during the last trading session, reaching $192.84. About 188,467 shares traded. Rockwell Automation Inc. (NYSE:ROK) has risen 42.76% since December 7, 2016 and is uptrending. It has outperformed by 26.06% the S&P500.




Since June 14, 2017, it had 0 insider purchases, and 1 sale for $1.92 million activity.

Gates Capital Management Inc, which manages about $3.48B and $2.98B US Long portfolio, decreased its stake in Mercer Intl Inc (NASDAQ:MERC) by 929,137 shares to 9.12 million shares, valued at $104.88 million in 2017Q2, according to the filing. It also reduced its holding in Fortive Corp by 34,000 shares in the quarter, leaving it with 1.23 million shares, and cut its stake in Varian Med Sys Inc (NYSE:VAR).

Among 14 analysts covering W. R. Grace & Co (NYSE:GRA), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. W. R. Grace & Co had 26 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Goldman Sachs on Thursday, June 8. BB&T Capital initiated the stock with “Hold” rating in Thursday, December 10 report. Credit Suisse reinitiated it with “Outperform” rating and $79 target in Thursday, March 24 report. The rating was maintained by Jefferies with “Hold” on Wednesday, October 25. Jefferies maintained it with “Hold” rating and $7000 target in Wednesday, July 19 report. Jefferies maintained W. R. Grace & Co. (NYSE:GRA) rating on Thursday, August 31. Jefferies has “Hold” rating and $70.0 target. Goldman Sachs upgraded W. R. Grace & Co. (NYSE:GRA) on Monday, December 12 to “Buy” rating. The stock has “Buy” rating by Monness Crespi on Thursday, April 28. The stock of W. R. Grace & Co. (NYSE:GRA) has “Hold” rating given on Wednesday, November 30 by Jefferies. The firm earned “Hold” rating on Monday, November 30 by Cantor Fitzgerald.

Investors sentiment decreased to 0.71 in 2017 Q2. Its down 0.50, from 1.21 in 2017Q1. It is negative, as 34 investors sold GRA shares while 89 reduced holdings. 24 funds opened positions while 63 raised stakes. 56.77 million shares or 1.56% more from 55.90 million shares in 2017Q1 were reported. 35,000 were reported by Icon Advisers. Pacad Invest Limited reported 3,800 shares stake. 635,900 were accumulated by Renaissance Technology Limited. Quantitative Systematic Strategies Ltd holds 0.06% or 3,273 shares in its portfolio. Connecticut-based Iridian Asset Management Ltd Ct has invested 2.14% in W. R. Grace & Co. (NYSE:GRA). Citigroup Inc owns 81,049 shares. Barclays Public Limited Co owns 23,730 shares. Grp Inc Inc holds 1,652 shares. First Manhattan Co owns 341,721 shares. Balyasny Asset Mngmt Limited Liability Co holds 0.03% of its portfolio in W. R. Grace & Co. (NYSE:GRA) for 87,662 shares. Metropolitan Life Insur holds 0% or 4,877 shares in its portfolio. Westfield Cap Limited Partnership has 0.32% invested in W. R. Grace & Co. (NYSE:GRA) for 529,235 shares. Advisory Svcs Ntwk Lc invested in 13 shares. Gam Ag reported 0% in W. R. Grace & Co. (NYSE:GRA). Ngam Advsrs Ltd Partnership reported 43,003 shares or 0.03% of all its holdings.

More notable recent W. R. Grace & Co. (NYSE:GRA) news were published by: Baltimoresun.com which released: “Baltimore to loan $100K to WR Grace to help train hundreds of manufacturing …” on December 05, 2017, also Streetinsider.com with their article: “WR Grace & Co. (GRA) Announces Licensing Agreement for UNIPOL PP Process …” published on November 27, 2017, Bizjournals.com published: “WR Grace receives $400000 from state, city to launch training program in …” on December 07, 2017. More interesting news about W. R. Grace & Co. (NYSE:GRA) were released by: Streetinsider.com and their article: “WR Grace & Co. (GRA) Announces Licensing Agreement of UNIPOL PP Process …” published on November 27, 2017 as well as Streetinsider.com‘s news article titled: “WR Grace & Co. (GRA) PT Raised to $87 at Vertical Research Partners on …” with publication date: November 30, 2017.

More notable recent Rockwell Automation Inc. (NYSE:ROK) news were published by: Bloomberg.com which released: “Emerson Raises Heat on Rockwell Automation With $29 Billion Bid” on November 16, 2017, also Cnbc.com with their article: “Rockwell Automation rebuffs sweetened Emerson bid” published on November 22, 2017, Moodys.com published: “Moody’s: Emerson Electric’s Ratings (A2/P-1 stable) Unaffected by Latest Offer …” on November 18, 2017. More interesting news about Rockwell Automation Inc. (NYSE:ROK) were released by: Seekingalpha.com and their article: “Emerson Electric’s (EMR) Emerson Withdraws Proposal to Acquire Rockwell …” published on December 01, 2017 as well as Businesswire.com‘s news article titled: “Rockwell Automation and Catalyst CEO Champions For Change Outperforms the S&P …” with publication date: November 07, 2017.

Investors sentiment increased to 1.26 in 2017 Q2. Its up 0.04, from 1.22 in 2017Q1. It improved, 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. Deutsche State Bank Ag holds 673,446 shares or 0.08% of its portfolio. Wellington Shields Mngmt Lc reported 5,000 shares stake. Lord Abbett & Lc owns 459,087 shares. Ontario – Canada-based Sun Life has invested 0.02% in Rockwell Automation Inc. (NYSE:ROK). Shell Asset Mngmt Communication invested in 0.31% or 76,743 shares. Cobblestone Capital Advisors Limited Liability Corp Ny holds 2,620 shares or 0.06% of its portfolio. Bokf Na reported 0.18% of its portfolio in Rockwell Automation Inc. (NYSE:ROK). Columbia Prtn L L C Inv Management stated it has 8,958 shares or 0.18% of all its holdings. Pathstone Family Office Ltd Liability Com invested in 3 shares or 0% of the stock. Tocqueville Asset Mngmt Ltd Partnership owns 0.06% invested in Rockwell Automation Inc. (NYSE:ROK) for 30,735 shares. Robeco Institutional Asset Mngmt Bv accumulated 0.46% or 438,602 shares. Moreover, Los Angeles Cap Mngmt And Equity has 0% invested in Rockwell Automation Inc. (NYSE:ROK) for 1,456 shares. Weatherly Asset Lp reported 15,879 shares. Schwab Charles Inv Mgmt Incorporated owns 0.09% invested in Rockwell Automation Inc. (NYSE:ROK) for 612,402 shares. Balyasny Asset Mngmt Limited Liability Co accumulated 100,834 shares.

Among 26 analysts covering Rockwell Automation (NYSE:ROK), 4 have Buy rating, 3 Sell and 19 Hold. Therefore 15% are positive. Rockwell Automation had 54 analyst reports since September 9, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, September 15 by Cowen & Co. The stock has “Hold” rating by Gabelli on Thursday, April 21. Citigroup initiated Rockwell Automation Inc. (NYSE:ROK) on Thursday, January 21 with “Neutral” rating. Nomura initiated the shares of ROK in report on Friday, September 18 with “Neutral” rating. The stock of Rockwell Automation Inc. (NYSE:ROK) earned “Underperform” rating by Credit Agricole on Wednesday, November 11. The stock of Rockwell Automation Inc. (NYSE:ROK) has “Hold” rating given on Friday, August 18 by Oppenheimer. The rating was maintained by Wells Fargo on Tuesday, October 31 with “Hold”. The stock of Rockwell Automation Inc. (NYSE:ROK) has “Neutral” rating given on Monday, November 13 by Robert W. Baird. Robert W. Baird downgraded the stock to “Neutral” rating in Monday, October 5 report. The firm has “Hold” rating by Cowen & Co given on Thursday, October 26.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.