Deprince Race & Zollo Inc. cut its position in shares of Rockwell Automation Inc. (NYSE:ROK) by 6.7% during the second quarter, Holdings Channel reports. The firm owned 260,850 shares of the company’s stock after selling 18,700 shares during the period. Deprince Race & Zollo Inc.’s holdings in Rockwell Automation were worth $29,951,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of ROK. Adage Capital Partners GP L.L.C. acquired a new stake in Rockwell Automation during the first quarter worth $42,824,000. PGGM Investments increased its stake in Rockwell Automation by 67.3% in the second quarter. PGGM Investments now owns 716,358 shares of the company’s stock worth $82,252,000 after buying an additional 288,050 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Rockwell Automation by 4.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 404,319 shares of the company’s stock worth $46,424,000 after buying an additional 19,000 shares during the period. Telemus Capital LLC acquired a new stake in Rockwell Automation during the second quarter worth $201,000. Finally, Bank of Montreal Can acquired a new stake in Rockwell Automation during the second quarter worth $30,221,000. Hedge funds and other institutional investors own 74.29% of the company’s stock.
Shares of Rockwell Automation Inc. (NYSE:ROK) traded down 1.45% during midday trading on Monday, hitting $120.57. The stock had a trading volume of 1,096,899 shares. The firm has a market cap of $15.60 billion, a price-to-earnings ratio of 21.45 and a beta of 1.15. Rockwell Automation Inc. has a 1-year low of $87.53 and a 1-year high of $123.11. The firm has a 50-day moving average price of $116.86 and a 200-day moving average price of $115.56.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.09. The business earned $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. Rockwell Automation had a return on equity of 35.83% and a net margin of 12.54%. The company’s revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company posted $1.59 EPS. On average, equities analysts anticipate that Rockwell Automation Inc. will post $5.90 EPS for the current fiscal year.
A number of analysts recently weighed in on ROK shares. Morgan Stanley set a $109.00 price target on Rockwell Automation and gave the company a “sell” rating in a research note on Wednesday, September 28th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Wednesday, June 22nd. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Rockwell Automation in a report on Monday, June 27th. Zacks Investment Research cut Rockwell Automation from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Finally, Canaccord Genuity cut Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 price objective for the company. in a report on Tuesday, July 26th. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. Rockwell Automation presently has an average rating of “Hold” and an average price target of $108.20.
In other news, SVP Frank C. Kulaszewicz sold 9,267 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $118.11, for a total value of $1,094,525.37. Following the completion of the sale, the senior vice president now owns 27,607 shares in the company, valued at $3,260,662.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William T. Jr/Wi Mccormick sold 686 shares of the stock in a transaction on Friday, August 5th. The shares were sold at an average price of $117.03, for a total value of $80,282.58. Following the completion of the sale, the director now owns 10,951 shares of the company’s stock, valued at approximately $1,281,595.53. The disclosure for this sale can be found here. Insiders own 1.54% of the company’s stock.
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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