LPL Financial LLC grew its stake in Rockwell Automation (NYSE:ROK) by 5.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,192 shares of the industrial products company’s stock after purchasing an additional 1,501 shares during the period. LPL Financial LLC’s holdings in Rockwell Automation were worth $5,110,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in Rockwell Automation by 8.0% in the 1st quarter. BlackRock Inc. now owns 10,676,789 shares of the industrial products company’s stock valued at $1,873,349,000 after buying an additional 794,460 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Rockwell Automation by 2.9% during the first quarter. Lazard Asset Management LLC now owns 3,626,458 shares of the industrial products company’s stock worth $636,297,000 after purchasing an additional 103,527 shares during the period. Alecta Pensionsforsakring Omsesidigt increased its holdings in Rockwell Automation by 4.6% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 3,168,265 shares of the industrial products company’s stock valued at $518,835,000 after purchasing an additional 140,000 shares during the last quarter. Geode Capital Management LLC increased its holdings in Rockwell Automation by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 1,702,053 shares of the industrial products company’s stock valued at $255,708,000 after purchasing an additional 90,580 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Rockwell Automation by 3.3% in the second quarter. Wells Fargo & Company MN now owns 1,557,213 shares of the industrial products company’s stock valued at $255,119,000 after buying an additional 50,345 shares during the period. 72.99% of the stock is currently owned by institutional investors and hedge funds.

ROK traded down $3.64 during trading on Wednesday, hitting $160.23. The company had a trading volume of 22,575 shares, compared to its average volume of 728,323. The company has a market capitalization of $18.95 billion, a PE ratio of 19.82, a PEG ratio of 2.40 and a beta of 1.41. The company has a quick ratio of 1.17, a current ratio of 1.51 and a debt-to-equity ratio of 1.68. Rockwell Automation has a one year low of $141.46 and a one year high of $198.23. The firm’s 50-day moving average price is $154.80 and its 200 day moving average price is $165.80.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Thursday, July 25th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.29 by $0.11. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.72 billion. Rockwell Automation had a return on equity of 78.71% and a net margin of 15.44%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $2.16 EPS. Sell-side analysts forecast that Rockwell Automation will post 8.63 earnings per share for the current year.

ROK has been the subject of several analyst reports. Wells Fargo & Co restated a “buy” rating on shares of Rockwell Automation in a research report on Friday, July 26th. Zacks Investment Research upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $168.00 price target on the stock in a research report on Thursday, July 18th. Gabelli raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research note on Wednesday, May 29th. JPMorgan Chase & Co. set a $154.00 price objective on shares of Rockwell Automation and gave the company a “hold” rating in a report on Friday, July 19th. Finally, Gordon Haskett downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $173.33.

In other Rockwell Automation news, VP John M. Miller sold 3,250 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $163.67, for a total value of $531,927.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Blake D. Moret sold 297 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $161.53, for a total value of $47,974.41. The disclosure for this sale can be found here. 1.43% of the stock is currently owned by company insiders.

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.

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

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