OMRON (OTCMKTS:OMRNY) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of OMRON (OTCMKTS:OMRNY) from a buy rating to a hold rating in a research note released on Wednesday morning, Zacks.com reports.

According to Zacks, “OMRON Corporation is engaged in the manufacture and sale of automation components, equipment and systems. It operates in six segments: Industrial Automation Business, Electronic Components Business, Automotive Electronic Components Business, Social Systems Business, Healthcare Business and Business Development Group and Other Businesses. OMRON provides control components and systems, electronic components for consumer appliances, telecommunications equipment, mobile telephones, amusement devices, and office automation equipment, card authorization terminals, railway infrastructure systems, solar power conditioner equipments, computer peripheral equipments, MEMS microphone chips, and LCD backlights. It provides products and services in a variety of fields including industrial automation, electronic components, automotive electronics, social systems such as ticket gate machines and traffic control and healthcare. OMRON Corporation is headquartered in Kyoto, Japan. “

Separately, Macquarie upgraded shares of OMRON from a neutral rating to an outperform rating in a research note on Monday, August 30th.

Shares of OMRNY stock opened at $106.07 on Wednesday. The company has a 50 day moving average price of $91.59 and a 200-day moving average price of $83.61. OMRON has a 52 week low of $71.57 and a 52 week high of $107.49.

A number of hedge funds and other institutional investors have recently made changes to their positions in OMRNY. Mitchell Capital Management Co. grew its position in OMRON by 8.9% during the second quarter. Mitchell Capital Management Co. now owns 18,073 shares of the company’s stock valued at $1,427,000 after buying an additional 1,470 shares during the period. Parametric Portfolio Associates LLC grew its position in OMRON by 9.3% during the second quarter. Parametric Portfolio Associates LLC now owns 576,043 shares of the company’s stock valued at $45,479,000 after buying an additional 48,955 shares during the period. Finally, Fisher Asset Management LLC grew its position in OMRON by 4.7% during the second quarter. Fisher Asset Management LLC now owns 1,585,810 shares of the company’s stock valued at $125,876,000 after buying an additional 70,752 shares during the period. Institutional investors own 1.06% of the company’s stock.

OMRON Company Profile

OMRON Corp. engages in the manufacture and sale of automation components, equipment, and systems. It operates through the following segments: Industrial Automation; Electronic and Mechanical Components; Automotive Electronic Components; Social Systems, Solutions, and Services; Healthcare; and Others.

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