Zurich Insurance Group Ltd FI trimmed its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 34.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,299 shares of the industrial products company’s stock after selling 9,589 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Rockwell Automation were worth $2,964,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Acrospire Investment Management LLC grew its position in Rockwell Automation by 166.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 499 shares in the last quarter. Sun Life Financial INC grew its holdings in shares of Rockwell Automation by 8,490.9% during the 2nd quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock valued at $153,000 after acquiring an additional 934 shares in the last quarter. Clarkston Capital Partners LLC purchased a new position in shares of Rockwell Automation during the 2nd quarter valued at $206,000. Parsons Capital Management Inc. RI purchased a new position in shares of Rockwell Automation during the 1st quarter valued at $218,000. Finally, Greenwood Capital Associates LLC purchased a new position in shares of Rockwell Automation during the 2nd quarter valued at $218,000. Hedge funds and other institutional investors own 73.61% of the company’s stock.

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In related news, insider Blake D. Moret sold 5,677 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $170.10, for a total value of $965,657.70. Following the completion of the transaction, the insider now owns 21,426 shares of the company’s stock, valued at $3,644,562.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP John M. Miller sold 1,825 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $165.37, for a total transaction of $301,800.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,825 shares of company stock valued at $10,917,484. 1.65% of the stock is owned by insiders.

Shares of Rockwell Automation, Inc. (ROK) opened at 181.60 on Thursday. Rockwell Automation, Inc. has a 1-year low of $114.46 and a 1-year high of $182.69. The company has a 50 day moving average of $169.23 and a 200 day moving average of $161.95. The firm has a market cap of $23.31 billion, a price-to-earnings ratio of 29.29 and a beta of 1.19.

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

Several research firms have recently commented on ROK. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Rockwell Automation in a report on Friday, August 18th. Zacks Investment Research cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub cut shares of Rockwell Automation from a “hold” rating to a “sell” rating in a report on Sunday, July 30th. Morgan Stanley restated an “equal weight” rating and set a $173.00 price target (up from $168.00) on shares of Rockwell Automation in a report on Monday. Finally, Wolfe Research began coverage on shares of Rockwell Automation in a report on Tuesday, July 11th. They set a “peer perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. Rockwell Automation presently has a consensus rating of “Hold” and a consensus target price of $156.21.

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

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