Hemenway Trust Co LLC boosted its holdings in shares of Rockwell Automation (NYSE:ROK) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,717 shares of the industrial products company’s stock after acquiring an additional 3,696 shares during the period. Rockwell Automation comprises about 2.2% of Hemenway Trust Co LLC’s portfolio, making the stock its 21st largest position. Hemenway Trust Co LLC’s holdings in Rockwell Automation were worth $15,143,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROK. Elefante Mark B increased its holdings in shares of Rockwell Automation by 1.5% in the 4th quarter. Elefante Mark B now owns 3,440 shares of the industrial products company’s stock valued at $698,000 after acquiring an additional 50 shares during the period. LS Investment Advisors LLC raised its position in shares of Rockwell Automation by 1.4% in the 3rd quarter. LS Investment Advisors LLC now owns 4,226 shares of the industrial products company’s stock worth $696,000 after acquiring an additional 59 shares in the last quarter. Smithfield Trust Co. lifted its stake in shares of Rockwell Automation by 2.1% during the 3rd quarter. Smithfield Trust Co. now owns 3,030 shares of the industrial products company’s stock worth $499,000 after purchasing an additional 61 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Rockwell Automation by 3.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,214 shares of the industrial products company’s stock worth $365,000 after purchasing an additional 67 shares during the last quarter. Finally, Trust Co. of Vermont boosted its position in Rockwell Automation by 9.4% during the third quarter. Trust Co. of Vermont now owns 912 shares of the industrial products company’s stock valued at $150,000 after purchasing an additional 78 shares in the last quarter. 73.66% of the stock is currently owned by institutional investors and hedge funds.

ROK stock traded down $0.67 on Wednesday, hitting $202.23. 711,595 shares of the company’s stock were exchanged, compared to its average volume of 704,169. The firm has a 50 day moving average price of $201.71 and a two-hundred day moving average price of $174.08. Rockwell Automation has a 12-month low of $143.91 and a 12-month high of $207.94. The stock has a market cap of $23.70 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 2.77 and a beta of 1.44. The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.24 and a current ratio of 1.54.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Tuesday, November 12th. The industrial products company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.09. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Rockwell Automation had a return on equity of 99.27% and a net margin of 10.39%. The firm’s revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $2.11 earnings per share. Sell-side analysts expect that Rockwell Automation will post 8.93 earnings per share for the current fiscal year.

In related news, VP David M. Dorgan sold 10,148 shares of Rockwell Automation stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $198.22, for a total value of $2,011,536.56. Following the completion of the sale, the vice president now directly owns 11,339 shares in the company, valued at approximately $2,247,616.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Blake D. Moret sold 7,300 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $179.67, for a total transaction of $1,311,591.00. Following the sale, the chief executive officer now directly owns 46,995 shares in the company, valued at approximately $8,443,591.65. The disclosure for this sale can be found here. Insiders have sold 43,470 shares of company stock worth $8,452,986 in the last 90 days. Insiders own 0.77% of the company’s stock.

Several equities analysts have issued reports on the company. G.Research lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. TheStreet lowered shares of Rockwell Automation from a “b+” rating to a “c+” rating in a research report on Tuesday, November 12th. Wells Fargo & Co lowered shares of Rockwell Automation from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $185.00 to $165.00 in a research report on Monday, September 30th. ValuEngine cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, Morgan Stanley raised shares of Rockwell Automation from an “underweight” rating to an “equal” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $187.67.

Rockwell Automation Company 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.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

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

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