Whittier Trust Co. Has $189,000 Position in Rockwell Automation Inc. (ROK)
Whittier Trust Co. maintained its position in Rockwell Automation Inc. (NYSE:ROK) during the second quarter, Holdings Channel reports. The institutional investor owned 1,650 shares of the company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Rockwell Automation were worth $189,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of ROK. Adage Capital Partners GP L.L.C. acquired a new position in Rockwell Automation during the first quarter worth approximately $42,824,000. PGGM Investments raised its position 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 during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Rockwell Automation by 4.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 404,319 shares of the company’s stock worth $46,424,000 after buying an additional 19,000 shares during the period. Telemus Capital LLC purchased a new position in shares of Rockwell Automation during the second quarter worth about $201,000. Finally, Bank of Montreal Can purchased a new position in shares of Rockwell Automation during the second quarter worth about $30,221,000. Institutional investors own 74.29% of the company’s stock.
Shares of Rockwell Automation Inc. (NYSE:ROK) traded up 0.43% during trading on Friday, hitting $116.80. 942,942 shares of the company traded hands. The firm has a 50 day moving average price of $116.83 and a 200-day moving average price of $115.88. Rockwell Automation Inc. has a one year low of $87.53 and a one year high of $123.48. The stock has a market cap of $15.11 billion, a price-to-earnings ratio of 20.78 and a beta of 1.15.
Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, July 27th. The company reported $1.55 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 analysts’ expectations of $1.49 billion. Rockwell Automation had a net margin of 12.54% and a return on equity of 35.83%. Rockwell Automation’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the company earned $1.59 EPS. Analysts predict that Rockwell Automation Inc. will post $5.90 EPS for the current year.
A number of research analysts have recently issued reports on ROK shares. Barclays PLC dropped their price target on shares of 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. HSBC started coverage on shares of Rockwell Automation in a research note on Friday, October 7th. They set a “hold” rating and a $108.00 price target on the stock. Canaccord Genuity lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 price target on the stock. in a research note on Tuesday, July 26th. Zacks Investment Research upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Rockwell Automation in a research note on Saturday, July 9th. Seven analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. Rockwell Automation presently has a consensus rating of “Hold” and a consensus target price of $108.43.
In other Rockwell Automation news, VP Steven W. Etzel sold 1,800 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $121.54, for a total transaction of $218,772.00. Following the transaction, the vice president now owns 8,286 shares of the company’s stock, valued at approximately $1,007,080.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William T. Jr/Wi Mccormick sold 686 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $117.03, for a total transaction of $80,282.58. Following 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. Company insiders own 1.54% of the company’s stock.
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.
Want to see what other hedge funds are holding ROK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Automation Inc. (NYSE:ROK).
Receive News & Ratings for Rockwell Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.