Asset Management One Co. Ltd. Trims Position in Rockwell Automation (NYSE:ROK)

Asset Management One Co. Ltd. trimmed its holdings in Rockwell Automation (NYSE:ROK) by 12.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,252 shares of the industrial products company’s stock after selling 8,937 shares during the period. Asset Management One Co. Ltd. owned approximately 0.05% of Rockwell Automation worth $10,526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in shares of Rockwell Automation by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 1,702,053 shares of the industrial products company’s stock valued at $255,708,000 after buying an additional 90,580 shares during the period. Stephens Inc. AR increased its position in shares of Rockwell Automation by 9.5% during the first quarter. Stephens Inc. AR now owns 2,271 shares of the industrial products company’s stock valued at $398,000 after buying an additional 197 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Rockwell Automation by 34.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 41,337 shares of the industrial products company’s stock valued at $7,253,000 after buying an additional 10,619 shares during the period. Raymond James & Associates increased its position in shares of Rockwell Automation by 7.7% during the first quarter. Raymond James & Associates now owns 85,605 shares of the industrial products company’s stock valued at $15,020,000 after buying an additional 6,096 shares during the period. Finally, ETF Managers Group LLC increased its position in shares of Rockwell Automation by 10.8% during the first quarter. ETF Managers Group LLC now owns 830 shares of the industrial products company’s stock valued at $146,000 after buying an additional 81 shares during the period. Institutional investors and hedge funds own 73.08% of the company’s stock.

ROK has been the topic of several research analyst reports. Morgan Stanley reduced their price target on shares of Rockwell Automation from $145.00 to $142.00 and set an “underweight” rating on the stock in a research report on Friday. Longbow Research reiterated a “hold” rating on shares of Rockwell Automation in a research report on Tuesday, September 17th. Barclays reiterated a “hold” rating and set a $159.00 price target on shares of Rockwell Automation in a research report on Friday, October 4th. Gordon Haskett cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Rockwell Automation from $145.00 to $146.00 and gave the stock a “neutral” rating in a report on Thursday. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $169.60.

In other news, VP John M. Miller sold 3,250 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $163.67, for a total value of $531,927.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.43% of the company’s stock.

ROK traded up $9.30 during midday trading on Friday, reaching $164.10. The company’s stock had a trading volume of 1,497,307 shares, compared to its average volume of 1,007,137. The stock’s 50-day moving average is $158.37 and its 200-day moving average is $163.41. The firm has a market capitalization of $18.01 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 2.11 and a beta of 1.41. Rockwell Automation has a 1 year low of $141.46 and a 1 year high of $191.48. The company has a current ratio of 1.51, a quick ratio of 1.17 and a debt-to-equity ratio of 1.68.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Thursday, July 25th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.11. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.72 billion. Rockwell Automation had a net margin of 15.44% and a return on equity of 78.71%. The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.16 earnings per share. As a group, equities research analysts forecast that Rockwell Automation will post 8.63 earnings per share for the current fiscal year.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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

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