Capital City Trust Co. FL raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK – Get Rating) by 34.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,575 shares of the industrial products company’s stock after purchasing an additional 400 shares during the quarter. Capital City Trust Co. FL’s holdings in Rockwell Automation were worth $314,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Hilltop Holdings Inc. grew its stake in Rockwell Automation by 6.3% in the fourth quarter. Hilltop Holdings Inc. now owns 1,261 shares of the industrial products company’s stock valued at $440,000 after acquiring an additional 75 shares during the period. Metropolitan Life Insurance Co NY raised its stake in shares of Rockwell Automation by 3.1% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 16,418 shares of the industrial products company’s stock valued at $5,727,000 after buying an additional 496 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in Rockwell Automation by 3.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,110 shares of the industrial products company’s stock valued at $736,000 after purchasing an additional 73 shares during the last quarter. Weil Company Inc. raised its position in shares of Rockwell Automation by 83.5% in the first quarter. Weil Company Inc. now owns 9,257 shares of the industrial products company’s stock valued at $2,592,000 after purchasing an additional 4,211 shares during the period. Finally, CVA Family Office LLC lifted its stake in shares of Rockwell Automation by 39.4% during the 1st quarter. CVA Family Office LLC now owns 460 shares of the industrial products company’s stock valued at $129,000 after buying an additional 130 shares in the last quarter. 79.11% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, VP John M. Miller sold 1,200 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $253.10, for a total transaction of $303,720.00. Following the completion of the sale, the vice president now owns 4,508 shares of the company’s stock, valued at $1,140,974.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is owned by insiders.
Rockwell Automation Stock Down 1.8 %
Rockwell Automation (NYSE:ROK – Get Rating) last released its earnings results on Wednesday, July 27th. The industrial products company reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.33. Rockwell Automation had a net margin of 9.03% and a return on equity of 37.06%. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the business earned $2.31 EPS. Rockwell Automation’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts expect that Rockwell Automation, Inc. will post 9.4 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
ROK has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Rockwell Automation from $212.00 to $231.00 in a report on Thursday, July 28th. Sanford C. Bernstein cut shares of Rockwell Automation from an “outperform” rating to a “market perform” rating and set a $290.00 price objective on the stock. in a research report on Tuesday, August 16th. Credit Suisse Group set a $219.00 target price on Rockwell Automation in a report on Tuesday, July 19th. Morgan Stanley cut their price objective on Rockwell Automation from $277.00 to $260.00 and set an “overweight” rating on the stock in a research report on Monday, June 27th. Finally, Argus increased their price target on shares of Rockwell Automation from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Rockwell Automation currently has a consensus rating of “Hold” and an average price target of $240.29.
Rockwell Automation Company Profile
Rockwell Automation, Inc provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products, and services.
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