Chicago Equity Partners LLC decreased its position in Rockwell Automation Inc. (NYSE:ROK) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,295 shares of the company’s stock after selling 385 shares during the period. Chicago Equity Partners LLC’s holdings in Rockwell Automation were worth $1,756,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Adage Capital Partners GP L.L.C. purchased a new position in Rockwell Automation during the first quarter worth $42,824,000. PGGM Investments increased its stake in shares of Rockwell Automation by 67.3% in the second quarter. PGGM Investments now owns 716,358 shares of the company’s stock valued at $82,252,000 after buying an additional 288,050 shares during the period. Lazard Asset Management LLC increased its stake in shares of Rockwell Automation by 7.1% in the first quarter. Lazard Asset Management LLC now owns 4,257,988 shares of the company’s stock valued at $484,345,000 after buying an additional 280,916 shares during the period. Bank of Montreal Can bought a new stake in shares of Rockwell Automation during the second quarter valued at approximately $30,221,000. Finally, Calamos Advisors LLC increased its stake in shares of Rockwell Automation by 444.1% in the second quarter. Calamos Advisors LLC now owns 174,474 shares of the company’s stock valued at $20,033,000 after buying an additional 142,409 shares during the period. 74.26% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rockwell Automation Inc. (NYSE:ROK) traded up 0.39% during midday trading on Tuesday, hitting $115.97. The company had a trading volume of 549,055 shares. The stock has a 50 day moving average price of $116.74 and a 200 day moving average price of $115.93. Rockwell Automation Inc. has a 1-year low of $87.53 and a 1-year high of $123.48. The firm has a market capitalization of $15.01 billion, a P/E ratio of 20.63 and a beta of 1.15.
Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.09. Rockwell Automation had a net margin of 12.54% and a return on equity of 35.83%. The company earned $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the business earned $1.59 EPS. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, equities analysts anticipate that Rockwell Automation Inc. will post $5.90 EPS for the current fiscal year.
ROK has been the subject of several analyst reports. Credit Suisse Group AG reissued a “hold” rating on shares of Rockwell Automation in a research note on Wednesday, June 22nd. Sanford C. Bernstein reissued an “underperform” rating on shares of Rockwell Automation in a research note on Monday, June 27th. Zacks Investment Research downgraded Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Canaccord Genuity downgraded Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 price objective for the company. in a research note on Tuesday, July 26th. Finally, Barclays PLC reduced their target price on Rockwell Automation from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Thursday, July 28th. Seven research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $108.43.
In other Rockwell Automation news, CFO Theodore D. Crandall sold 5,404 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $118.49, for a total transaction of $640,319.96. Following the completion of the sale, the chief financial officer now directly owns 98,135 shares in the company, valued at approximately $11,628,016.15. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Douglas M. Hagerman sold 3,500 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $119.01, for a total transaction of $416,535.00. Following the sale, the vice president now owns 32,727 shares of the company’s stock, valued at $3,894,840.27. The disclosure for this sale can be found here. 1.54% of the stock is currently owned by corporate insiders.
About Rockwell Automation
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
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