Engineers Gate Manager LP Acquires Shares of 9,476 Rockwell Automation, Inc. (ROK)

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.

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

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