Shares of Rockwell Automation (ROK) are up 12% thus far in 2016 despite the slow growing economy. Brian Milligan, portfolio manager for the Ave Maria Growth Fund (AVEGX) , said the industrial equipment-maker has plenty of organic growth to take the stock higher on its own. 'Rockwell is the largest pure play industrial automation company and they have a pronounced competitive advantage,' said Milligan. 'They have tremendous management and you can tell that by the 35 percent return on equity.' The Ave Maria Growth Fund is up 6.5 percent thus far in 2016, according to Morningstar. The $329 million fund has returned an average of 9.2 percent annually over the past three years, outpacing 71 percent of its Morningstar category peers. Milligan is also bullish on Copart (CPRT) , which has seen its shares rise 16 percent so far in 2016.
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