Nationwide Fund Advisors cut its stake in shares of Rockwell Automation Inc. (NYSE:ROK) by 10.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,224 shares of the company’s stock after selling 8,325 shares during the period. Nationwide Fund Advisors owned 0.06% of Rockwell Automation worth $8,637,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of ROK. Checchi Capital Advisers LLC raised its stake in Rockwell Automation by 0.5% in the second quarter. Checchi Capital Advisers LLC now owns 938 shares of the company’s stock valued at $108,000 after buying an additional 5 shares during the last quarter. Regentatlantic Capital LLC increased its stake in shares of Rockwell Automation by 0.7% in the second quarter. Regentatlantic Capital LLC now owns 1,806 shares of the company’s stock valued at $207,000 after buying an additional 13 shares during the last quarter. Buckingham Asset Management LLC increased its stake in shares of Rockwell Automation by 1.0% in the second quarter. Buckingham Asset Management LLC now owns 2,333 shares of the company’s stock valued at $268,000 after buying an additional 22 shares during the last quarter. Strs Ohio increased its stake in shares of Rockwell Automation by 0.4% in the second quarter. Strs Ohio now owns 5,535 shares of the company’s stock valued at $635,000 after buying an additional 23 shares during the last quarter. Finally, Fayerweather Charles increased its stake in shares of Rockwell Automation by 0.3% in the second quarter. Fayerweather Charles now owns 7,665 shares of the company’s stock valued at $880,000 after buying an additional 25 shares during the last quarter. 74.29% of the stock is owned by institutional investors and hedge funds.
Shares of Rockwell Automation Inc. (NYSE:ROK) traded up 0.87% during mid-day trading on Wednesday, reaching $116.04. The company’s stock had a trading volume of 436,515 shares. The stock has a market capitalization of $15.02 billion, a price-to-earnings ratio of 20.64 and a beta of 1.22. The company’s 50-day moving average is $116.77 and its 200-day moving average is $114.97. Rockwell Automation Inc. has a 52 week low of $87.53 and a 52 week high of $120.75.
Rockwell Automation (NYSE:ROK) last posted 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 return on equity of 35.83% and a net margin of 12.54%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the company earned $1.59 earnings per share. The company’s revenue was down 6.4% on a year-over-year basis. Equities analysts predict that Rockwell Automation Inc. will post $5.90 EPS for the current year.
Several equities research analysts have recently weighed in on the company. Citigroup Inc. reduced their price target on Rockwell Automation from $120.00 to $118.00 and set a “neutral” rating on the stock in a report on Thursday, July 28th. Barclays PLC reduced their price target on Rockwell Automation from $120.00 to $118.00 and set an “equal weight” rating on the stock in a report on Thursday, July 28th. Canaccord Genuity downgraded Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 price target on the stock. in a report on Tuesday, July 26th. Zacks Investment Research upgraded Rockwell Automation from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Rockwell Automation in a report on Saturday, July 9th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $105.08.
In related news, VP Douglas M. Hagerman sold 4,300 shares of the stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $119.96, for a total value of $515,828.00. The transaction was disclosed in a document filed with the SEC, which is available at 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 transaction, the director now directly owns 10,951 shares in the company, valued at approximately $1,281,595.53. The disclosure for this sale can be found here. 1.54% of the stock is 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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