Hunter Associates Investment Management LLC held its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,380 shares of the industrial products company’s stock at the end of the second quarter. Hunter Associates Investment Management LLC’s holdings in Rockwell Automation were worth $224,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. ARK Investment Management LLC increased its position in Rockwell Automation by 48.2% during the 2nd quarter. ARK Investment Management LLC now owns 3,409 shares of the industrial products company’s stock valued at $552,000 after buying an additional 1,109 shares in the last quarter. MML Investors Services LLC increased its position in Rockwell Automation by 10.3% during the 2nd quarter. MML Investors Services LLC now owns 5,513 shares of the industrial products company’s stock valued at $893,000 after buying an additional 515 shares in the last quarter. TIAA FSB acquired a new position in Rockwell Automation during the 2nd quarter valued at about $3,843,000. ETRADE Capital Management LLC increased its position in Rockwell Automation by 3.6% during the 2nd quarter. ETRADE Capital Management LLC now owns 6,943 shares of the industrial products company’s stock valued at $1,125,000 after buying an additional 243 shares in the last quarter. Finally, FMR LLC increased its position in Rockwell Automation by 3.8% during the 2nd quarter. FMR LLC now owns 546,829 shares of the industrial products company’s stock valued at $88,565,000 after buying an additional 20,033 shares in the last quarter. 73.61% of the stock is currently owned by institutional investors.

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Several brokerages recently issued reports on ROK. Cowen and Company reaffirmed a “hold” rating and set a $140.00 target price on shares of Rockwell Automation in a research report on Sunday, September 17th. Stifel Nicolaus reaffirmed a “hold” rating and set a $167.00 target price on shares of Rockwell Automation in a research report on Wednesday, July 19th. HSBC Holdings plc reaffirmed a “hold” rating and set a $147.00 target price (up from $134.00) on shares of Rockwell Automation in a research report on Saturday, July 22nd. Zacks Investment Research raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price objective on the stock in a report on Friday, July 28th. Finally, Wolfe Research started coverage on Rockwell Automation in a report on Tuesday, July 11th. They issued a “peer perform” rating on the stock. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. Rockwell Automation presently has an average rating of “Hold” and a consensus price target of $152.27.

Shares of Rockwell Automation, Inc. (NYSE:ROK) traded up 0.12% during mid-day trading on Friday, hitting $177.55. The stock had a trading volume of 492,062 shares. Rockwell Automation, Inc. has a 52-week low of $113.50 and a 52-week high of $177.72. The firm has a market cap of $22.79 billion, a PE ratio of 28.63 and a beta of 1.16. The firm has a 50 day moving average price of $164.79 and a 200 day moving average price of $160.06.

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. The firm 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 revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 EPS. Equities analysts predict that Rockwell Automation, Inc. will post $6.75 EPS for the current year.

In related news, insider Blake D. Moret sold 3,100 shares of the business’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 at the SEC website. Also, Director Keith D. Nosbusch sold 10,000 shares of the business’s stock in a transaction dated 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. Insiders sold a total of 65,825 shares of company stock worth $10,917,484 in the last 90 days. 1.65% of the stock is currently owned by insiders.

About Rockwell Automation

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)

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