Sandy Spring Bank grew its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,886 shares of the industrial products company’s stock after acquiring an additional 960 shares during the quarter. Sandy Spring Bank’s holdings in Rockwell Automation were worth $2,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Keel Point LLC boosted its holdings in Rockwell Automation by 0.3% during the 1st quarter. Keel Point LLC now owns 1,718 shares of the industrial products company’s stock worth $268,000 after acquiring an additional 5 shares during the last quarter. CWM LLC boosted its holdings in Rockwell Automation by 0.3% during the 2nd quarter. CWM LLC now owns 2,125 shares of the industrial products company’s stock worth $344,000 after acquiring an additional 6 shares during the last quarter. Advisor Partners LLC boosted its holdings in Rockwell Automation by 0.3% during the 2nd quarter. Advisor Partners LLC now owns 2,567 shares of the industrial products company’s stock worth $416,000 after acquiring an additional 8 shares during the last quarter. Sfmg LLC boosted its holdings in Rockwell Automation by 0.4% during the 2nd quarter. Sfmg LLC now owns 1,796 shares of the industrial products company’s stock worth $291,000 after acquiring an additional 8 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. boosted its holdings in Rockwell Automation by 0.3% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 3,928 shares of the industrial products company’s stock worth $636,000 after acquiring an additional 10 shares during the last quarter. 73.66% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Sandy Spring Bank Has $2.57 Million Holdings in Rockwell Automation, Inc. (ROK)” was posted by Daily Political and is owned by of Daily Political. If you are viewing this report on another publication, it was stolen and republished in violation of United States & international copyright and trademark laws. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/09/16/sandy-spring-bank-has-2-57-million-holdings-in-rockwell-automation-inc-rok.html.

In other Rockwell Automation news, insider Blake D. Moret sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $164.88, for a total value of $511,128.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Keith D. Nosbusch sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $165.00, for a total value of $1,650,000.00. Following the completion of the transaction, the director now directly owns 411,286 shares in the company, valued at $67,862,190. The disclosure for this sale can be found here. Insiders sold 65,825 shares of company stock worth $10,917,484 over the last three months. Insiders own 1.65% of the company’s stock.

Shares of Rockwell Automation, Inc. (NYSE ROK) traded up 0.92% during midday trading on Friday, reaching $173.73. The company had a trading volume of 1,019,639 shares. Rockwell Automation, Inc. has a 12-month low of $113.50 and a 12-month high of $174.18. The company has a 50 day moving average of $164.14 and a 200 day moving average of $159.63. The firm has a market capitalization of $22.30 billion, a price-to-earnings ratio of 28.02 and a beta of 1.16.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.12. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $1.55 earnings per share. Analysts anticipate that Rockwell Automation, Inc. will post $6.75 EPS for the current year.

A number of equities analysts have issued reports on ROK shares. BidaskClub raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a report on Tuesday, July 11th. ValuEngine raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. HSBC Holdings plc reaffirmed a “hold” rating and set a $147.00 price objective (up from $134.00) on shares of Rockwell Automation in a report on Saturday, July 22nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $167.00 price objective on shares of Rockwell Automation in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $152.27.

Rockwell Automation 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.

Institutional Ownership by Quarter for Rockwell Automation (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.