Robeco Institutional Asset Management B.V. raised its stake in shares of Rockwell Automation Inc. (NYSE:ROK) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 404,319 shares of the company’s stock after buying an additional 19,000 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Rockwell Automation were worth $46,424,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. CIBC World Markets Inc. acquired a new position in shares of Rockwell Automation during the second quarter valued at about $390,000. Checchi Capital Advisers LLC raised its position in shares of 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 in the last quarter. LS Investment Advisors LLC raised its position in shares of Rockwell Automation by 1.5% in the second quarter. LS Investment Advisors LLC now owns 6,183 shares of the company’s stock valued at $710,000 after buying an additional 92 shares in the last quarter. Rockland Trust Co. raised its position in shares of Rockwell Automation by 16.0% in the second quarter. Rockland Trust Co. now owns 16,899 shares of the company’s stock valued at $1,940,000 after buying an additional 2,330 shares in the last quarter. Finally, Murphy Capital Management Inc. raised its position in shares of Rockwell Automation by 6.1% in the second quarter. Murphy Capital Management Inc. now owns 9,095 shares of the company’s stock valued at $1,044,000 after buying an additional 520 shares in the last quarter. Institutional investors and hedge funds own 74.29% of the company’s stock.
Rockwell Automation Inc. (NYSE:ROK) traded down 2.37% during trading on Friday, reaching $115.77. The company’s stock had a trading volume of 498,575 shares. The company has a market cap of $14.98 billion, a PE ratio of 20.60 and a beta of 1.22. The stock has a 50-day moving average price of $117.01 and a 200 day moving average price of $115.06. Rockwell Automation Inc. has a 52-week low of $87.53 and a 52-week high of $120.75.
Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, July 27th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.09. The firm had revenue of $1.47 billion for 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 business’s revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 earnings per share. On average, analysts expect that Rockwell Automation Inc. will post $5.90 EPS for the current year.
Several equities analysts recently issued reports on the company. Citigroup Inc. decreased their price objective on Rockwell Automation from $120.00 to $118.00 and set a “neutral” rating for the company in a research report on Thursday, July 28th. Barclays PLC cut their target price on Rockwell Automation from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 28th. Canaccord Genuity cut Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 target price on the stock. in a research note on Tuesday, July 26th. Zacks Investment Research upgraded Rockwell Automation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Finally, Credit Suisse Group AG restated a “hold” rating on shares of Rockwell Automation in a research note on Saturday, July 9th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $105.08.
In other news, VP Douglas M. Hagerman sold 1,400 shares of Rockwell Automation stock in a transaction on Friday, August 26th. The stock was sold at an average price of $119.17, for a total value of $166,838.00. Following the completion of the transaction, the vice president now directly owns 32,091 shares in the company, valued at $3,824,284.47. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William T. Jr/Wi Mccormick sold 686 shares of Rockwell Automation 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 owns 10,951 shares of the company’s stock, valued at $1,281,595.53. The disclosure for this sale can be found here. 1.54% of the stock is owned by insiders.
Rockwell Automation Company Profile
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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