Engineers Gate Manager LP acquired a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,476 shares of the industrial products company’s stock, valued at approximately $1,535,000.
Several other large investors have also added to or reduced their stakes in ROK. Waldron LP lifted its holdings in shares of Rockwell Automation by 12.7% during the 1st quarter. Waldron LP now owns 2,543 shares of the industrial products company’s stock worth $395,000 after acquiring an additional 286 shares during the period. Acadian Asset Management LLC bought a new position in shares of Rockwell Automation during the 1st quarter worth about $569,000. Janney Montgomery Scott LLC lifted its holdings in shares of Rockwell Automation by 27.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,449 shares of the industrial products company’s stock worth $537,000 after acquiring an additional 739 shares during the period. Strs Ohio lifted its holdings in shares of Rockwell Automation by 0.4% during the 1st quarter. Strs Ohio now owns 5,253 shares of the industrial products company’s stock worth $817,000 after acquiring an additional 20 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Rockwell Automation by 22.8% during the 1st quarter. First Trust Advisors LP now owns 103,137 shares of the industrial products company’s stock worth $16,059,000 after acquiring an additional 19,144 shares during the period. 73.66% of the stock is owned by institutional investors.
Shares of Rockwell Automation, Inc. (ROK) opened at 168.84 on Tuesday. The firm has a 50-day moving average of $163.11 and a 200 day moving average of $159.10. The firm has a market cap of $21.67 billion, a PE ratio of 27.23 and a beta of 1.16. Rockwell Automation, Inc. has a 52-week low of $113.27 and a 52-week high of $169.35.
Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.12. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.55 earnings per share. On average, equities analysts predict that Rockwell Automation, Inc. will post $6.75 earnings per share for the current year.
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ROK has been the subject of a number of analyst reports. Cowen and Company raised their price objective on shares of 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 target on shares of 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 raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price target for the company in a report on Friday, July 28th. J P Morgan Chase & Co raised shares of Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 price target for the company in a report on Thursday, July 27th. Finally, BidaskClub raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Two equities research 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. The company currently has a consensus rating of “Hold” and an average target price of $152.27.
In related news, VP David M. Dorgan sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the transaction, the vice president now owns 9,355 shares in the company, valued at approximately $1,544,042.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Frank C. Kulaszewicz sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $165.74, for a total transaction of $1,325,920.00. Following the completion of the transaction, the senior vice president now owns 33,195 shares of the company’s stock, valued at approximately $5,501,739.30. The disclosure for this sale can be found here. Insiders sold 58,425 shares of company stock valued at $9,658,813 in the last three months. Company insiders own 1.65% of the company’s stock.
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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