Northern Trust Corp cut its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,597,220 shares of the industrial products company’s stock after selling 18,025 shares during the period. Northern Trust Corp owned about 1.24% of Rockwell Automation worth $258,686,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Rockwell Automation by 7.5% during the second quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock valued at $1,570,735,000 after purchasing an additional 679,645 shares during the period. Vanguard Group Inc. increased its position in shares of Rockwell Automation by 3.3% during the first quarter. Vanguard Group Inc. now owns 8,501,207 shares of the industrial products company’s stock valued at $1,323,724,000 after purchasing an additional 270,023 shares during the period. State Street Corp increased its position in shares of Rockwell Automation by 1.3% during the first quarter. State Street Corp now owns 5,749,538 shares of the industrial products company’s stock valued at $895,260,000 after purchasing an additional 76,191 shares during the period. Lazard Asset Management LLC increased its position in shares of Rockwell Automation by 0.5% during the second quarter. Lazard Asset Management LLC now owns 2,308,357 shares of the industrial products company’s stock valued at $373,861,000 after purchasing an additional 11,384 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Rockwell Automation by 5.9% during the second quarter. JPMorgan Chase & Co. now owns 1,459,185 shares of the industrial products company’s stock valued at $236,330,000 after purchasing an additional 81,416 shares during the period. Institutional investors and hedge funds own 73.61% of the company’s stock.

A number of analysts have recently issued reports on the company. Cowen and Company restated a “hold” rating and set a $140.00 price objective on shares of Rockwell Automation in a research report on Sunday, September 17th. ValuEngine upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Credit Suisse Group lowered their price objective on Rockwell Automation from $155.00 to $154.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 23rd. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Rockwell Automation in a research report on Friday, August 18th. Finally, Zacks Investment Research cut Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $152.27.

Rockwell Automation, Inc. (NYSE:ROK) opened at 177.55 on Friday. The firm has a 50-day moving average price of $164.79 and a 200-day moving average price of $160.06. The firm has a market cap of $22.79 billion, a price-to-earnings ratio of 28.63 and a beta of 1.16. Rockwell Automation, Inc. has a 1-year low of $113.50 and a 1-year high of $177.72.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.12. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the company posted $1.55 EPS. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, analysts expect that Rockwell Automation, Inc. will post $6.75 earnings per share for the current fiscal year.

In other news, insider Blake D. Moret sold 3,100 shares of Rockwell Automation stock in a transaction on 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 document filed with the SEC, which is available at this hyperlink. Also, Director Keith D. Nosbusch sold 10,000 shares of Rockwell Automation stock in a transaction on Monday, July 31st. The shares were 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 owns 411,286 shares in the company, valued at approximately $67,862,190. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,825 shares of company stock worth $10,917,484. Corporate insiders own 1.65% of the company’s stock.

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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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