Banque Pictet & Cie SA grew its stake in Rockwell Automation (NYSE:ROK) by 30.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,360 shares of the industrial products company’s stock after buying an additional 3,360 shares during the quarter. Banque Pictet & Cie SA’s holdings in Rockwell Automation were worth $2,161,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in ROK. Alecta Pensionsforsakring Omsesidigt boosted its holdings in shares of Rockwell Automation by 14.7% in the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 2,728,265 shares of the industrial products company’s stock valued at $511,632,000 after buying an additional 350,000 shares during the period. Credit Suisse AG boosted its holdings in shares of Rockwell Automation by 44.7% in the third quarter. Credit Suisse AG now owns 1,007,538 shares of the industrial products company’s stock valued at $188,933,000 after buying an additional 311,198 shares during the period. Ardevora Asset Management LLP acquired a new position in shares of Rockwell Automation in the fourth quarter valued at approximately $33,045,000. Victory Capital Management Inc. boosted its holdings in shares of Rockwell Automation by 10,038.0% in the third quarter. Victory Capital Management Inc. now owns 195,968 shares of the industrial products company’s stock valued at $36,748,000 after buying an additional 194,035 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Rockwell Automation by 17.5% in the third quarter. Bank of New York Mellon Corp now owns 1,106,721 shares of the industrial products company’s stock valued at $207,533,000 after buying an additional 164,984 shares during the period. Institutional investors own 75.53% of the company’s stock.

Shares of ROK opened at $168.93 on Friday. Rockwell Automation has a 12 month low of $141.46 and a 12 month high of $198.23. The firm has a market cap of $20.39 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 1.73 and a beta of 1.36. The company has a quick ratio of 1.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.97.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Tuesday, January 29th. The industrial products company reported $2.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.22. Rockwell Automation had a net margin of 12.68% and a return on equity of 66.47%. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the company posted $1.96 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts predict that Rockwell Automation will post 9.02 EPS for the current year.

In related news, SVP Frank C. Kulaszewicz sold 2,750 shares of the stock in a transaction on Friday, November 30th. The shares were sold at an average price of $172.84, for a total transaction of $475,310.00. Following the completion of the transaction, the senior vice president now owns 20,588 shares in the company, valued at $3,558,429.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Patrick P. Goris sold 177 shares of the stock in a transaction on Friday, December 7th. The stock was sold at an average price of $167.71, for a total transaction of $29,684.67. The disclosure for this sale can be found here. Insiders have sold 34,724 shares of company stock valued at $6,100,662 in the last 90 days. 1.43% of the stock is currently owned by corporate insiders.

ROK has been the subject of several research analyst reports. Credit Suisse Group initiated coverage on shares of Rockwell Automation in a report on Friday, October 12th. They issued an “underperform” rating and a $171.00 price target for the company. Barclays reduced their price target on shares of Rockwell Automation from $170.00 to $165.00 and set an “equal weight” rating for the company in a report on Monday, January 7th. Cowen cut shares of Rockwell Automation from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $175.00 to $150.00 in a report on Monday, October 15th. Gordon Haskett initiated coverage on shares of Rockwell Automation in a report on Friday, October 12th. They issued a “buy” rating for the company. Finally, Wolfe Research cut shares of Rockwell Automation to a “market perform” rating in a report on Tuesday, January 8th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. Rockwell Automation presently has an average rating of “Hold” and a consensus price target of $172.06.

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Rockwell Automation Profile

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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

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