Riverhead Capital Management LLC lessened its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,745 shares of the industrial products company’s stock after selling 128 shares during the quarter. Riverhead Capital Management LLC’s holdings in Rockwell Automation were worth $607,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jacobus Wealth Management Inc. acquired a new position in shares of Rockwell Automation during the first quarter valued at $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Rockwell Automation by 1,700.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 680 shares during the period. Clarkston Capital Partners LLC acquired a new position in shares of Rockwell Automation during the second quarter valued at $206,000. Hunter Associates Investment Management LLC acquired a new position in shares of Rockwell Automation during the first quarter valued at $215,000. Finally, Parsons Capital Management Inc. RI acquired a new position in shares of Rockwell Automation during the first quarter valued at $218,000. 73.61% of the stock is currently owned by institutional investors and hedge funds.

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In other news, SVP Sujeet Chand sold 9,500 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $165.13, for a total value of $1,568,735.00. Following the transaction, the senior vice president now directly owns 41,273 shares of the company’s stock, valued at approximately $6,815,410.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith D. Nosbusch sold 10,000 shares of the business’s stock in a transaction dated 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 directly owns 411,286 shares in the company, valued at $67,862,190. The disclosure for this sale can be found here. Insiders sold a total of 65,825 shares of company stock worth $10,917,484 over the last three months. 1.65% of the stock is owned by company insiders.

Shares of Rockwell Automation, Inc. (NYSE ROK) opened at 177.13 on Wednesday. Rockwell Automation, Inc. has a one year low of $113.50 and a one year high of $177.34. The company has a market capitalization of $22.74 billion, a P/E ratio of 28.56 and a beta of 1.16. The firm has a 50 day moving average price of $164.79 and a 200 day moving average price of $160.06.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.12. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.55 EPS. On average, equities research analysts predict that Rockwell Automation, Inc. will post $6.75 EPS for the current fiscal year.

ROK has been the topic of several research reports. BidaskClub raised Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Cowen and Company increased their target price 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. Wolfe Research initiated coverage on Rockwell Automation in a research note on Tuesday, July 11th. They issued a “peer perform” rating on the stock. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $167.00 target price on shares of Rockwell Automation in a research note on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $152.27.

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.

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

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