Rockwell Automation, Inc. (ROK) Stake Held by Mariner Wealth Advisors LLC
Mariner Wealth Advisors LLC continued to hold its position in Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,339 shares of the industrial products company’s stock at the end of the second quarter. Mariner Wealth Advisors LLC’s holdings in Rockwell Automation were worth $1,675,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in ROK. Jacobus Wealth Management Inc. acquired a new position in Rockwell Automation in the first quarter valued at about $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Rockwell Automation by 1,700.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock valued at $112,000 after buying an additional 680 shares in the last quarter. Acrospire Investment Management LLC boosted its position in Rockwell Automation by 166.3% in the second quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock valued at $129,000 after buying an additional 499 shares in the last quarter. Clarkston Capital Partners LLC acquired a new position in Rockwell Automation in the second quarter valued at about $206,000. Finally, Hunter Associates Investment Management LLC acquired a new position in Rockwell Automation in the first quarter valued at about $215,000. Hedge funds and other institutional investors own 73.61% of the company’s stock.
Shares of Rockwell Automation, Inc. (ROK) traded up 0.12% during trading on Friday, hitting $177.55. 492,062 shares of the stock were exchanged. Rockwell Automation, Inc. has a 52 week low of $113.50 and a 52 week high of $177.72. 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 capitalization of $22.79 billion, a P/E ratio of 28.63 and a beta of 1.16.
Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.12. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.55 EPS. Analysts forecast that Rockwell Automation, Inc. will post $6.75 EPS for the current fiscal year.
In related news, insider Blake D. Moret sold 5,677 shares of Rockwell Automation stock in a transaction that occurred on 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 approximately $3,644,562.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Blake D. Moret sold 3,100 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $164.88, for a total transaction of $511,128.00. The disclosure for this sale can be found here. Insiders have sold a total of 65,825 shares of company stock worth $10,917,484 over the last ninety days. 1.65% of the stock is currently owned by insiders.
A number of research firms have commented on ROK. Cowen and Company restated a “hold” rating and issued a $140.00 price target on shares of Rockwell Automation in a research report on Sunday, September 17th. Stifel Nicolaus restated a “hold” rating and issued a $167.00 price target on shares of Rockwell Automation in a research report on Wednesday, July 19th. HSBC Holdings plc restated a “hold” rating and issued a $147.00 price target (up from $134.00) on shares of Rockwell Automation in a research report on Saturday, July 22nd. Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a research report on Friday, July 28th. Finally, Wolfe Research began coverage on shares of Rockwell Automation in a research report on Tuesday, July 11th. They issued a “peer perform” rating on the stock. Two equities research 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. The company currently has an average rating of “Hold” and a consensus 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.
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