Raymond James Financial Services Advisors Inc. raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 15.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,527 shares of the industrial products company’s stock after buying an additional 3,501 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Rockwell Automation were worth $4,296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Keel Point LLC raised its stake in Rockwell Automation by 0.3% during the first quarter. Keel Point LLC now owns 1,718 shares of the industrial products company’s stock valued at $268,000 after buying an additional 5 shares in the last quarter. CWM LLC raised its stake in Rockwell Automation by 0.3% during the second quarter. CWM LLC now owns 2,125 shares of the industrial products company’s stock valued at $344,000 after buying an additional 6 shares in the last quarter. Advisor Partners LLC raised its stake in Rockwell Automation by 0.3% during the second quarter. Advisor Partners LLC now owns 2,567 shares of the industrial products company’s stock valued at $416,000 after buying an additional 8 shares in the last quarter. Sfmg LLC raised its stake in Rockwell Automation by 0.4% during the second quarter. Sfmg LLC now owns 1,796 shares of the industrial products company’s stock valued at $291,000 after buying an additional 8 shares in the last quarter. Finally, Westside Investment Management Inc. raised its stake in Rockwell Automation by 0.5% during the second quarter. Westside Investment Management Inc. now owns 1,666 shares of the industrial products company’s stock valued at $274,000 after buying an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 73.61% of the company’s stock.

ROK has been the topic of several research reports. Credit Suisse Group restated a “neutral” rating and set a $174.00 price objective (up previously from $154.00) on shares of Rockwell Automation in a research note on Wednesday. Cowen and Company upped their price objective on Rockwell Automation from $125.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price objective on the stock in a research note on Friday, July 28th. J P Morgan Chase & Co upgraded Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 price objective on the stock in a research note on Thursday, July 27th. Finally, Citigroup Inc. restated a “neutral” rating and set a $187.00 price objective (up previously from $175.00) on shares of Rockwell Automation in a research note on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $163.43.

Shares of Rockwell Automation, Inc. (NYSE:ROK) traded up 0.75% during trading on Friday, reaching $185.88. The company had a trading volume of 524,195 shares. Rockwell Automation, Inc. has a 12-month low of $115.36 and a 12-month high of $186.49. The firm has a 50-day moving average of $173.65 and a 200-day moving average of $163.36. The company has a market cap of $23.86 billion, a P/E ratio of 29.98 and a beta of 1.19.

Rockwell Automation (NYSE:ROK) last announced its quarterly 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 company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 earnings per share. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post $6.77 EPS for the current year.

In other news, Director Keith D. Nosbusch sold 10,000 shares of Rockwell Automation stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $165.00, for a total value of $1,650,000.00. Following the completion of the transaction, the director now owns 411,286 shares in the company, valued at $67,862,190. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Blake D. Moret sold 5,677 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $170.10, for a total transaction of $965,657.70. Following the completion of the transaction, the insider now owns 21,426 shares of the company’s stock, valued at approximately $3,644,562.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,825 shares of company stock valued at $10,917,484. Corporate insiders own 1.65% of the company’s stock.

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

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