Rockwell Automation, Inc. (ROK) Shares Sold by Financial Counselors Inc.
Financial Counselors Inc. cut its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 6.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,635 shares of the industrial products company’s stock after selling 104 shares during the quarter. Financial Counselors Inc.’s holdings in Rockwell Automation were worth $265,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of ROK. BlackRock Inc. increased its position in shares of Rockwell Automation by 3,186.3% during the 1st quarter. BlackRock Inc. now owns 9,018,663 shares of the industrial products company’s stock valued at $1,404,295,000 after purchasing an additional 8,744,232 shares during the period. JPMorgan Chase & Co. increased its position in shares of Rockwell Automation by 231.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,377,769 shares of the industrial products company’s stock valued at $214,532,000 after purchasing an additional 961,760 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Rockwell Automation during the 2nd quarter valued at $126,891,000. Schroder Investment Management Group increased its position in shares of Rockwell Automation by 431.1% during the 1st quarter. Schroder Investment Management Group now owns 701,541 shares of the industrial products company’s stock valued at $109,004,000 after purchasing an additional 569,441 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in shares of Rockwell Automation by 89.5% during the 1st quarter. TIAA CREF Investment Management LLC now owns 963,764 shares of the industrial products company’s stock valued at $150,068,000 after purchasing an additional 455,217 shares during the period. Institutional investors own 73.66% of the company’s stock.
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In other news, Director Keith D. Nosbusch sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $165.50, for a total value of $3,310,000.00. Following the sale, the director now directly owns 411,286 shares of the company’s stock, valued at approximately $68,067,833. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Sujeet Chand sold 9,500 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $165.13, for a total transaction of $1,568,735.00. Following the completion of the sale, the senior vice president now directly owns 41,273 shares in the company, valued at $6,815,410.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,102 shares of company stock worth $10,624,471. 1.65% of the stock is owned by insiders.
ROK has been the topic of several research analyst reports. BidaskClub upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Cowen and Company raised their price objective on Rockwell Automation from $125.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, July 6th. Wolfe Research initiated coverage on Rockwell Automation in a research note on Tuesday, July 11th. They set a “peer perform” rating for the company. Finally, Stifel Nicolaus reissued a “hold” rating and set a $167.00 price objective on shares of Rockwell Automation in a research note on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $152.27.
Rockwell Automation, Inc. (ROK) opened at 172.23 on Friday. The firm’s 50-day moving average price is $163.89 and its 200 day moving average price is $159.47. Rockwell Automation, Inc. has a 12-month low of $113.27 and a 12-month high of $172.25. The company has a market capitalization of $22.11 billion, a price-to-earnings ratio of 27.77 and a beta of 1.16.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.12. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business posted $1.55 EPS. The company’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities research analysts expect that Rockwell Automation, Inc. will post $6.75 EPS for the current fiscal year.
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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