T. Rowe Price Profile (Major Rockwell Automation Stockholder)
T. Rowe Price is the largest stock holders of Rockwell Automation stocks. As I mentioned before to analyze where a company’s strategy is headed it is important to study the strategy of its largest stock holders.
T. Rowe Price is an investing firm started in 1937 out of Baltimore, MD. As of March 31, 2010, T. Rowe Price had $419 billion in assets under management globally. They were also one of the venture capitals funding Twitter. The largest stock holder of T. Rowe Price is Fidelity Investment. Needless to say Fidelity manages Rockwell employees 401k and retirement. Bank of America is the other large stockholder of T. Rowe Price.
A very promising fact about T. Rowe Price is that they are debt free. So hopefully they can make better financial decisions that affect companies like Rockwell Automation. They are a risk-aware investment firm that focus on diversified assets (all good stuff).
It seems like T. Rowe is a good investing firm to own the largest share of Rockwell Automation stocks. They will probably not hold RA back to get into new markets and new businesses. At the same time they don’t seem like a firm that would show much love for risk taking.
The line for innovation is a fine line between risk taking and risk-awareness which is a hard task to manage. Given the strong track record of T. Rowe Price I feel that they can help Rockwell be an even more innovative company than it is today.
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