OFI Invest Asset Management Sells 87 Shares of Rockwell Automation, Inc. $ROK

OFI Invest Asset Management trimmed its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,676 shares of the industrial products company’s stock after selling 87 shares during the quarter. OFI Invest Asset Management’s holdings in Rockwell Automation were worth $1,553,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in Rockwell Automation by 11.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock valued at $470,091,000 after purchasing an additional 191,370 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Rockwell Automation by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company’s stock worth $408,229,000 after purchasing an additional 9,920 shares during the last quarter. Invesco Ltd. increased its position in Rockwell Automation by 2.2% in the first quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock worth $374,176,000 after purchasing an additional 30,837 shares during the last quarter. Northern Trust Corp increased its position in Rockwell Automation by 0.4% during the first quarter. Northern Trust Corp now owns 1,396,303 shares of the industrial products company’s stock valued at $360,777,000 after acquiring an additional 4,972 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Rockwell Automation by 1.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,170,010 shares of the industrial products company’s stock valued at $302,307,000 after acquiring an additional 11,849 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Trading Down 2.6%

ROK stock opened at $333.79 on Friday. The company’s 50-day simple moving average is $343.79 and its 200-day simple moving average is $314.72. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $360.92. The firm has a market cap of $37.53 billion, a P/E ratio of 39.18, a PEG ratio of 2.98 and a beta of 1.41. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.15. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter last year, the company earned $2.71 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays boosted their price objective on shares of Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Wells Fargo & Company increased their price target on shares of Rockwell Automation from $345.00 to $355.00 and gave the company an “equal weight” rating in a research report on Monday, October 6th. CICC Research began coverage on shares of Rockwell Automation in a research report on Monday, July 7th. They issued an “outperform” rating and a $381.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $340.68.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Cyril Perducat sold 1,435 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $348.08, for a total value of $499,494.80. Following the transaction, the senior vice president owned 3,787 shares in the company, valued at approximately $1,318,178.96. This trade represents a 27.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James P. Keane sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total value of $1,068,180.00. Following the completion of the transaction, the director owned 9,192 shares in the company, valued at $3,272,903.52. The trade was a 24.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,922 shares of company stock worth $11,191,812 in the last ninety days. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.