Huntington National Bank maintained its stake in Rockwell Automation Inc. (NYSE:ROK) during the second quarter, Holdings Channel reports. The fund owned 15,324 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Rockwell Automation were worth $1,777,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of ROK. Lazard Asset Management LLC boosted its stake in 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 in the last quarter. Geode Capital Management LLC boosted its stake in Rockwell Automation by 5.1% in the first quarter. Geode Capital Management LLC now owns 1,137,963 shares of the company’s stock valued at $129,194,000 after buying an additional 55,683 shares in the last quarter. Norges Bank bought a new stake in Rockwell Automation during the fourth quarter valued at approximately $87,968,000. Champlain Investment Partners LLC boosted its stake in Rockwell Automation by 5.4% in the first quarter. Champlain Investment Partners LLC now owns 609,695 shares of the company’s stock valued at $69,353,000 after buying an additional 31,100 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Rockwell Automation by 4.2% in the first quarter. Legal & General Group Plc now owns 603,433 shares of the company’s stock valued at $68,641,000 after buying an additional 24,229 shares in the last quarter. 74.29% of the stock is owned by hedge funds and other institutional investors.
Shares of Rockwell Automation Inc. (NYSE:ROK) traded down 2.37% during mid-day trading on Friday, reaching $115.77. The company’s stock had a trading volume of 498,575 shares. The firm has a market capitalization of $14.98 billion, a PE ratio of 20.60 and a beta of 1.22. The firm has a 50-day moving average of $117.01 and a 200-day moving average 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 released its quarterly earnings data on Wednesday, July 27th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.09. The business earned $1.47 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.59 EPS. Equities research analysts forecast that Rockwell Automation Inc. will post $5.90 earnings per share for the current fiscal year.
Several equities research analysts recently commented on ROK shares. Barclays PLC cut their price target 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. Zacks Investment Research cut Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Credit Suisse Group AG reissued a “hold” rating on shares of Rockwell Automation in a research note on Wednesday, June 22nd. Citigroup Inc. cut their target price on Rockwell Automation from $120.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, July 28th. Finally, Canaccord Genuity cut Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 target price for the company. in a research note on Tuesday, July 26th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $105.08.
In related news, VP Douglas M. Hagerman sold 1,400 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $119.17, for a total transaction of $166,838.00. Following the transaction, the vice president now owns 32,091 shares in the company, valued at $3,824,284.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Frank C. Kulaszewicz sold 9,267 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $118.11, for a total transaction of $1,094,525.37. Following the transaction, the senior vice president now owns 27,607 shares in the company, valued at approximately $3,260,662.77. The disclosure for this sale can be found here. Insiders own 1.54% of the company’s stock.
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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