Nordea Investment Management AB reduced its position in shares of Rockwell Automation Inc. (NYSE:ROK) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 46,255 shares of the company’s stock after selling 226 shares during the period. Nordea Investment Management AB’s holdings in Rockwell Automation were worth $5,311,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC raised its stake in Rockwell Automation by 0.5% in the second quarter. Checchi Capital Advisers LLC now owns 938 shares of the company’s stock worth $108,000 after buying an additional 5 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Rockwell Automation during the first quarter worth approximately $110,000. Citizens Financial Group Inc RI raised its stake in Rockwell Automation by 20.9% in the first quarter. Citizens Financial Group Inc RI now owns 1,344 shares of the company’s stock worth $153,000 after buying an additional 232 shares during the last quarter. Telemus Capital LLC bought a new stake in Rockwell Automation during the second quarter worth approximately $201,000. Finally, Nicolet Bankshares Inc. bought a new stake in Rockwell Automation during the second quarter worth approximately $205,000. 74.26% of the stock is owned by institutional investors and hedge funds.
Shares of Rockwell Automation Inc. (NYSE:ROK) traded up 0.47% during trading on Tuesday, hitting $116.06. The company had a trading volume of 386,263 shares. Rockwell Automation Inc. has a 52 week low of $87.53 and a 52 week high of $123.48. The stock has a market capitalization of $15.02 billion, a P/E ratio of 20.65 and a beta of 1.15. The firm’s 50 day moving average is $116.76 and its 200-day moving average is $115.93.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.09. The business earned $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Rockwell Automation had a return on equity of 35.83% and a net margin of 12.54%. The business’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.59 earnings per share. Equities research analysts anticipate that Rockwell Automation Inc. will post $5.90 EPS for the current fiscal year.
A number of equities research analysts recently commented on ROK shares. Barclays PLC lowered their price target on Rockwell Automation from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report on Thursday, July 28th. HSBC assumed coverage on Rockwell Automation in a research report on Friday, October 7th. They set a “hold” rating and a $108.00 target price for the company. Canaccord Genuity lowered Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 target price for the company. in a research report on Tuesday, July 26th. Zacks Investment Research raised Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Saturday, July 9th. Seven analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $108.43.
In other Rockwell Automation news, VP Steven W. Etzel sold 1,800 shares of the company’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $121.54, for a total value of $218,772.00. Following the completion of the sale, the vice president now owns 8,286 shares in the company, valued at $1,007,080.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP David M. Dorgan sold 2,200 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $119.06, for a total value of $261,932.00. Following the completion of the sale, the vice president now owns 12,500 shares of the company’s stock, valued at approximately $1,488,250. The disclosure for this sale can be found here. 1.54% of the stock is owned by company insiders.
Rockwell Automation Company 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.
Want to see what other hedge funds are holding ROK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Automation Inc. (NYSE:ROK).
Receive News & Ratings for Rockwell Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.