Aberdeen Asset Management PLC UK increased its stake in shares of Rockwell Automation Inc. (NYSE:ROK) by 2.3% during the second quarter, Holdings Channel reports. The firm owned 391,884 shares of the company’s stock after buying an additional 8,907 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Rockwell Automation were worth $44,996,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Rockwell Automation during the first quarter worth $42,824,000. PGGM Investments raised 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 worth $82,252,000 after buying an additional 288,050 shares in the last quarter. Lazard Asset Management LLC raised 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 worth $484,345,000 after buying an additional 280,916 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Rockwell Automation during the second quarter worth approximately $30,221,000. Finally, Calamos Advisors LLC raised 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 worth $20,033,000 after buying an additional 142,409 shares in the last quarter. Institutional investors own 74.26% of the company’s stock.
Shares of Rockwell Automation Inc. (NYSE:ROK) traded up 1.74% during mid-day trading on Wednesday, reaching $117.99. The company’s stock had a trading volume of 324,325 shares. Rockwell Automation Inc. has a 1-year low of $87.53 and a 1-year high of $123.48. The company’s 50-day moving average is $116.70 and its 200 day moving average is $115.95. The firm has a market capitalization of $15.27 billion, a P/E ratio of 20.99 and a beta of 1.15.
Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, July 27th. The company reported $1.55 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the company posted $1.59 earnings per share. Rockwell Automation’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, analysts expect that Rockwell Automation Inc. will post $5.90 earnings per share for the current year.
ROK has been the topic of a number of recent research reports. Credit Suisse Group AG reiterated a “hold” rating on shares of Rockwell Automation in a research report on Wednesday, June 22nd. Sanford C. Bernstein reiterated an “underperform” rating on shares of Rockwell Automation in a research report on Monday, June 27th. Zacks Investment Research lowered Rockwell Automation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Canaccord Genuity lowered Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 target price on the stock. in a research report on Tuesday, July 26th. Finally, Barclays PLC dropped their target price on Rockwell Automation from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 28th. Seven research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $108.43.
In related news, VP Steven W. Etzel sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $121.54, for a total value of $218,772.00. Following the completion of the sale, the vice president now owns 8,286 shares of the company’s stock, valued at $1,007,080.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William T. Jr/Wi Mccormick sold 686 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $117.03, for a total transaction of $80,282.58. Following the completion of the sale, the director now directly 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. 1.54% of the stock is currently owned by 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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