Waters Parkerson & CO. LLC reduced its position in Rockwell Automation, Inc. (NYSE:ROK) by 0.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,970 shares of the industrial products company’s stock after selling 1,252 shares during the quarter. Rockwell Automation accounts for about 2.2% of Waters Parkerson & CO. LLC’s holdings, making the stock its 20th largest holding. Waters Parkerson & CO. LLC owned approximately 0.11% of Rockwell Automation worth $23,479,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ROK. Waldron LP boosted its holdings in shares of Rockwell Automation by 12.7% in the 1st quarter. Waldron LP now owns 2,543 shares of the industrial products company’s stock worth $395,000 after purchasing an additional 286 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Rockwell Automation by 8.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 379,822 shares of the industrial products company’s stock worth $59,142,000 after purchasing an additional 29,733 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Rockwell Automation by 3.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 272,856 shares of the industrial products company’s stock worth $42,486,000 after purchasing an additional 8,259 shares in the last quarter. Keybank National Association OH boosted its holdings in shares of Rockwell Automation by 16.7% in the 1st quarter. Keybank National Association OH now owns 100,050 shares of the industrial products company’s stock worth $15,579,000 after purchasing an additional 14,351 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Rockwell Automation by 76.6% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 25,996 shares of the industrial products company’s stock worth $4,048,000 after purchasing an additional 11,272 shares in the last quarter. Hedge funds and other institutional investors own 73.61% of the company’s stock.

A number of equities analysts have recently issued reports on ROK shares. Cowen and Company upped their price objective on Rockwell Automation from $125.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday, July 6th. Credit Suisse Group cut their price objective on Rockwell Automation from $155.00 to $154.00 and set a “neutral” rating for the company in a report on Wednesday, August 23rd. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a report on Friday, July 28th. J P Morgan Chase & Co upgraded Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 price objective for the company in a report on Thursday, July 27th. Finally, HSBC Holdings plc reiterated a “hold” rating and issued a $147.00 price objective (up from $134.00) on shares of Rockwell Automation in a report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $152.27.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.12. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates 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 was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $1.55 earnings per share.

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In related news, insider Blake D. Moret sold 1,723 shares of Rockwell Automation stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $170.06, for a total value of $293,013.38. Following the completion of the transaction, the insider now owns 22,849 shares in the company, valued at $3,885,700.94. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Blake D. Moret sold 3,100 shares of Rockwell Automation 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 disclosure for this sale can be found here. In the last quarter, insiders sold 65,825 shares of company stock valued at $10,917,484. 1.65% of the stock is currently owned by company 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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