Harfst & Associates Inc. boosted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 46.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,090 shares of the industrial products company’s stock after purchasing an additional 987 shares during the quarter. Rockwell Automation comprises 0.2% of Harfst & Associates Inc.’s investment portfolio, making the stock its 27th largest holding. Harfst & Associates Inc.’s holdings in Rockwell Automation were worth $500,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Keel Point LLC raised its position in Rockwell Automation by 0.3% in the 1st quarter. Keel Point LLC now owns 1,718 shares of the industrial products company’s stock valued at $268,000 after purchasing an additional 5 shares during the last quarter. CWM LLC raised its position in Rockwell Automation by 0.3% in the 2nd quarter. CWM LLC now owns 2,125 shares of the industrial products company’s stock valued at $344,000 after purchasing an additional 6 shares during the last quarter. Advisor Partners LLC raised its position in Rockwell Automation by 0.3% in the 2nd quarter. Advisor Partners LLC now owns 2,567 shares of the industrial products company’s stock valued at $416,000 after purchasing an additional 8 shares during the last quarter. Sfmg LLC raised its position in Rockwell Automation by 0.4% in the 2nd quarter. Sfmg LLC now owns 1,796 shares of the industrial products company’s stock valued at $291,000 after purchasing an additional 8 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. raised its position in Rockwell Automation by 0.3% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 3,928 shares of the industrial products company’s stock valued at $636,000 after purchasing an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 73.61% of the company’s stock.

Several analysts recently commented on the stock. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Rockwell Automation in a research report on Friday, August 18th. BidaskClub downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Wolfe Research assumed coverage on shares of Rockwell Automation in a research report on Tuesday, July 11th. They issued a “peer perform” rating for the company. Finally, HSBC Holdings plc reiterated a “hold” rating and issued a $147.00 price target (up previously from $134.00) on shares of Rockwell Automation in a research report on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $152.27.

Shares of Rockwell Automation, Inc. (ROK) traded up 0.12% during trading on Friday, reaching $177.55. 492,062 shares of the company’s stock were exchanged. Rockwell Automation, Inc. has a 52 week low of $113.50 and a 52 week high of $177.72. The company’s 50-day moving average is $164.79 and its 200 day moving average is $160.06. The stock has a market capitalization of $22.79 billion, a PE ratio of 28.63 and a beta of 1.16.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.12. The company 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 firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $1.55 earnings per share. On average, analysts forecast that Rockwell Automation, Inc. will post $6.75 earnings per share for the current year.

In related news, insider Blake D. Moret sold 5,677 shares of Rockwell Automation stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $170.10, for a total transaction of $965,657.70. Following the sale, the insider now directly owns 21,426 shares in the company, valued at $3,644,562.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Blake D. Moret sold 1,723 shares of Rockwell Automation 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 owns 22,849 shares in the company, valued at $3,885,700.94. The disclosure for this sale can be found here. Insiders sold 65,825 shares of company stock worth $10,917,484 over the last quarter. 1.65% of the stock is currently owned by company insiders.

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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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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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