Capital Research Global Investors Holds Stake in Rockwell Automation, Inc. (ROK)
Capital Research Global Investors maintained its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 450,000 shares of the industrial products company’s stock at the end of the second quarter. Capital Research Global Investors owned 0.35% of Rockwell Automation worth $72,882,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Rockwell Automation by 0.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 273,710 shares of the industrial products company’s stock valued at $44,330,000 after purchasing an additional 854 shares during the last quarter. Swiss National Bank grew its holdings in Rockwell Automation by 3.4% during the second quarter. Swiss National Bank now owns 469,836 shares of the industrial products company’s stock valued at $76,095,000 after purchasing an additional 15,300 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Rockwell Automation by 2.3% during the second quarter. Principal Financial Group Inc. now owns 222,056 shares of the industrial products company’s stock valued at $35,964,000 after purchasing an additional 5,077 shares during the last quarter. Bank of America Corp DE grew its holdings in Rockwell Automation by 27.0% during the first quarter. Bank of America Corp DE now owns 1,037,845 shares of the industrial products company’s stock valued at $161,602,000 after purchasing an additional 220,675 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in Rockwell Automation by 5.7% during the second quarter. Blair William & Co. IL now owns 5,414 shares of the industrial products company’s stock valued at $877,000 after purchasing an additional 293 shares during the last quarter. Institutional investors own 73.61% of the company’s stock.
Shares of Rockwell Automation, Inc. (NYSE ROK) opened at 182.31 on Friday. The company has a 50-day moving average price of $170.36 and a 200-day moving average price of $162.28. Rockwell Automation, Inc. has a 12 month low of $114.46 and a 12 month high of $183.47. The firm has a market capitalization of $23.40 billion, a price-to-earnings ratio of 29.40 and a beta of 1.19.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.12. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the company earned $1.55 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. Equities analysts forecast that Rockwell Automation, Inc. will post $6.76 EPS for the current fiscal year.
Several brokerages have recently issued reports on ROK. Stifel Nicolaus restated a “hold” rating and issued a $167.00 price objective on shares of Rockwell Automation in a research note on Wednesday, July 19th. BidaskClub downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Zacks Investment Research downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Wednesday. 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 research note on Thursday, July 6th. Finally, Credit Suisse Group decreased their price target on shares of Rockwell Automation from $155.00 to $154.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $156.21.
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In other news, SVP Sujeet Chand sold 9,500 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $165.13, for a total transaction of $1,568,735.00. Following the completion of the transaction, the senior vice president now directly owns 41,273 shares in the company, valued at $6,815,410.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith D. Nosbusch sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $165.00, for a total value of $1,650,000.00. Following the transaction, the director now owns 411,286 shares of the company’s stock, valued at $67,862,190. The disclosure for this sale can be found here. Insiders have sold 65,825 shares of company stock valued at $10,917,484 over the last 90 days. 1.65% of the stock is owned by corporate 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.
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