Rockwell Automation Inc. (ROK) Shares Sold by Retirement Systems of Alabama
Retirement Systems of Alabama lowered its position in Rockwell Automation Inc. (NYSE:ROK) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,408 shares of the company’s stock after selling 365 shares during the period. Retirement Systems of Alabama’s holdings in Rockwell Automation were worth $7,625,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC increased its position in Rockwell Automation by 0.5% in the second quarter. Checchi Capital Advisers LLC now owns 938 shares of the company’s stock worth $108,000 after buying an additional 5 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Rockwell Automation during the first quarter worth approximately $110,000. Citizens Financial Group Inc RI increased its position in Rockwell Automation by 20.9% in the first quarter. Citizens Financial Group Inc RI now owns 1,344 shares of the company’s stock worth $153,000 after buying an additional 232 shares in the last quarter. Telemus Capital LLC purchased a new position in Rockwell Automation during the second quarter worth approximately $201,000. Finally, Regentatlantic Capital LLC increased its position in Rockwell Automation by 0.7% in the second quarter. Regentatlantic Capital LLC now owns 1,806 shares of the company’s stock worth $207,000 after buying an additional 13 shares in the last quarter. 74.29% of the stock is currently owned by institutional investors.
Rockwell Automation Inc. (NYSE:ROK) traded down 0.80% during midday trading on Friday, hitting $119.70. The stock had a trading volume of 887,225 shares. The stock’s 50-day moving average is $117.10 and its 200-day moving average is $115.78. The company has a market cap of $15.49 billion, a P/E ratio of 21.30 and a beta of 1.15. Rockwell Automation Inc. has a one year low of $87.53 and a one year high of $123.48.
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, beating analysts’ consensus estimates of $1.46 by $0.09. The company had revenue of $1.47 billion for 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 company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.59 earnings per share. Equities analysts predict that Rockwell Automation Inc. will post $5.90 EPS for the current fiscal year.
A number of research analysts have commented on the company. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Saturday, July 9th. Canaccord Genuity cut Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 price target on the stock. in a research report on Tuesday, July 26th. Zacks Investment Research upgraded Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Citigroup Inc. dropped their price target on Rockwell Automation from $120.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday, July 28th. Finally, Barclays PLC dropped their price target 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 equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. Rockwell Automation currently has an average rating of “Hold” and an average price target of $108.20.
In other news, Director William T. Jr/Wi Mccormick sold 686 shares of Rockwell Automation stock in a transaction that occurred 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 in the company, valued at $1,281,595.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Steven W. Etzel sold 1,800 shares of Rockwell Automation stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $121.54, for a total transaction of $218,772.00. Following the completion of the transaction, the vice president now owns 8,286 shares of the company’s stock, valued at approximately $1,007,080.44. The disclosure for this sale can be found here. 1.54% of the stock is currently 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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