OMRON (OTCMKTS:OMRNY) Cut to Strong Sell at Zacks Investment Research
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, ValuEngine cut OMRON from a hold rating to a sell rating in a report on Friday, January 10th.
An institutional investor recently raised its position in OMRON stock. Parametric Portfolio Associates LLC boosted its holdings in OMRON Corp (OTCMKTS:OMRNY) by 6.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 514,590 shares of the company’s stock after acquiring an additional 30,365 shares during the quarter. Parametric Portfolio Associates LLC owned 0.25% of OMRON worth $28,295,000 at the end of the most recent reporting period. 0.86% of the stock is currently owned by institutional investors.
OMRON Company Profile
OMRON Corporation manufactures and sells automation components, equipment, and systems worldwide. The company's Industrial Automation Business offers programmable and motion controllers, sensing and safety devices, inspection systems, industrial robots, precision laser processing equipment, and control devices for manufacturing industry.
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