South Texas Money Management Ltd. Decreases Position in Rockwell Automation, Inc. (ROK)
South Texas Money Management Ltd. trimmed its position in Rockwell Automation, Inc. (NYSE:ROK) by 18.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,203 shares of the industrial products company’s stock after selling 2,379 shares during the period. South Texas Money Management Ltd.’s holdings in Rockwell Automation were worth $1,652,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Rockwell Automation by 7.5% in the second quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock worth $1,570,735,000 after purchasing an additional 679,645 shares in the last quarter. Vanguard Group Inc. grew its stake in Rockwell Automation by 3.3% in the first quarter. Vanguard Group Inc. now owns 8,501,207 shares of the industrial products company’s stock worth $1,323,724,000 after purchasing an additional 270,023 shares in the last quarter. State Street Corp grew its stake in Rockwell Automation by 1.3% in the first quarter. State Street Corp now owns 5,749,538 shares of the industrial products company’s stock worth $895,260,000 after purchasing an additional 76,191 shares in the last quarter. Lazard Asset Management LLC grew its stake in Rockwell Automation by 0.5% in the second quarter. Lazard Asset Management LLC now owns 2,308,357 shares of the industrial products company’s stock worth $373,861,000 after purchasing an additional 11,384 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Rockwell Automation by 5.9% in the second quarter. JPMorgan Chase & Co. now owns 1,459,185 shares of the industrial products company’s stock worth $236,330,000 after purchasing an additional 81,416 shares in the last quarter. Institutional investors and hedge funds own 73.61% of the company’s stock.
In other Rockwell Automation news, insider Blake D. Moret sold 1,723 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $170.06, for a total transaction of $293,013.38. Following the sale, the insider now directly owns 22,849 shares of the company’s stock, valued at $3,885,700.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Keith D. Nosbusch sold 10,000 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $165.00, for a total transaction of $1,650,000.00. Following the sale, 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 have sold 65,825 shares of company stock worth $10,917,484 over the last ninety days. Insiders own 1.65% of the company’s stock.
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ROK has been the subject of a number of research reports. BidaskClub upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Cowen and Company lifted their price target 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 began coverage on Rockwell Automation in a research note on Tuesday, July 11th. They issued a “peer perform” rating for the company. Finally, Stifel Nicolaus restated a “hold” rating and issued a $167.00 target price on shares of Rockwell Automation in a research note on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $152.27.
Shares of Rockwell Automation, Inc. (NYSE ROK) traded up 0.08% during trading on Wednesday, hitting $177.28. The stock had a trading volume of 223,975 shares. Rockwell Automation, Inc. has a one year low of $113.50 and a one year high of $178.11. The stock’s 50-day moving average price is $164.79 and its 200 day moving average price is $160.06. The stock has a market cap of $22.76 billion, a price-to-earnings ratio of 28.59 and a beta of 1.16.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.12. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.55 earnings per share. On average, equities analysts forecast that Rockwell Automation, Inc. will post $6.75 EPS for the current year.
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.
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