Rockland Trust Co. lessened its stake in Rockwell Automation, Inc. (NYSE:ROK) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,954 shares of the industrial products company’s stock after selling 265 shares during the period. Rockland Trust Co.’s holdings in Rockwell Automation were worth $3,329,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of ROK. Keel Point LLC boosted its stake in Rockwell Automation by 0.3% in the 2nd quarter. Keel Point LLC now owns 1,724 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 6 shares during the period. Westside Investment Management Inc. boosted its stake in shares of Rockwell Automation by 0.5% during the 2nd quarter. Westside Investment Management Inc. now owns 1,666 shares of the industrial products company’s stock worth $274,000 after buying an additional 9 shares during the last quarter. QS Investors LLC boosted its stake in shares of Rockwell Automation by 0.4% during the 2nd quarter. QS Investors LLC now owns 2,907 shares of the industrial products company’s stock worth $471,000 after buying an additional 12 shares during the last quarter. Veritable L.P. boosted its stake in shares of Rockwell Automation by 0.8% during the 2nd quarter. Veritable L.P. now owns 3,326 shares of the industrial products company’s stock worth $539,000 after buying an additional 27 shares during the last quarter. Finally, United Bank VA boosted its stake in shares of Rockwell Automation by 0.6% during the 2nd quarter. United Bank VA now owns 12,539 shares of the industrial products company’s stock worth $2,031,000 after buying an additional 72 shares during the last quarter. Institutional investors own 72.84% of the company’s stock.
In other Rockwell Automation news, CFO Patrick P. Goris sold 145 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $192.36, for a total value of $27,892.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Blake D. Moret sold 5,309 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $190.75, for a total transaction of $1,012,691.75. Following the completion of the transaction, the chief executive officer now owns 30,720 shares in the company, valued at $5,859,840. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,770 shares of company stock worth $2,054,871. 1.28% of the stock is owned by corporate insiders.
Shares of Rockwell Automation, Inc. (ROK) traded down $0.62 during midday trading on Thursday, hitting $202.13. 543,400 shares of the stock were exchanged, compared to its average volume of 659,286. Rockwell Automation, Inc. has a 52-week low of $138.97 and a 52-week high of $210.72. The firm has a market capitalization of $26,390.00, a PE ratio of 31.83, a P/E/G ratio of 2.24 and a beta of 1.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.80.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.03). Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the firm posted $1.52 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. research analysts forecast that Rockwell Automation, Inc. will post 7.39 EPS for the current year.
A number of equities research analysts have recently issued reports on ROK shares. Cowen reaffirmed a “hold” rating and issued a $140.00 target price on shares of Rockwell Automation in a report on Sunday, September 17th. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $200.00 target price on the stock in a report on Monday, October 2nd. Morgan Stanley reiterated an “equal weight” rating and set a $173.00 price target (up previously from $168.00) on shares of Rockwell Automation in a research report on Monday, October 2nd. ValuEngine lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Citigroup restated a “neutral” rating and issued a $187.00 target price (up previously from $175.00) on shares of Rockwell Automation in a research report on Monday, October 9th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. Rockwell Automation presently has an average rating of “Hold” and an average price target of $171.60.
Rockwell Automation 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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