OMRON (OTCMKTS:OMRNY) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of OMRON (OTCMKTS:OMRNY) from a hold rating to a buy rating in a report published on Saturday morning, Zacks.com reports. They currently have $120.00 target price on the stock.

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.

OMRNY opened at $105.39 on Friday. The business’s 50-day moving average is $91.99 and its two-hundred day moving average is $83.82. OMRON has a 1 year low of $71.57 and a 1 year high of $107.49.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC grew its holdings in shares of 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 last quarter. Mitchell Capital Management Co. raised its stake in shares of OMRON by 8.9% in the second quarter. Mitchell Capital Management Co. now owns 18,073 shares of the company’s stock worth $1,427,000 after purchasing an additional 1,470 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of OMRON by 4.7% in the second quarter. Fisher Asset Management LLC now owns 1,585,810 shares of the company’s stock worth $125,876,000 after purchasing an additional 70,752 shares during the last quarter. Hedge funds and other institutional investors own 1.06% of the company’s stock.

About OMRON

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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