Deprince Race & Zollo Inc. Sells 18,700 Shares of Rockwell Automation Inc. (ROK)
Deprince Race & Zollo Inc. cut its position in Rockwell Automation Inc. (NYSE:ROK) by 6.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 260,850 shares of the company’s stock after selling 18,700 shares during the period. Deprince Race & Zollo Inc. owned about 0.20% of Rockwell Automation worth $29,951,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in ROK. Lazard Asset Management LLC increased its position in shares of Rockwell Automation by 7.1% in the first quarter. Lazard Asset Management LLC now owns 4,257,988 shares of the company’s stock worth $484,345,000 after buying an additional 280,916 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Rockwell Automation by 5.1% in the first quarter. Geode Capital Management LLC now owns 1,137,963 shares of the company’s stock worth $129,194,000 after buying an additional 55,683 shares during the last quarter. PGGM Investments raised its stake in shares of Rockwell Automation by 67.3% in the second quarter. PGGM Investments now owns 716,358 shares of the company’s stock worth $82,252,000 after buying an additional 288,050 shares during the last quarter. Champlain Investment Partners LLC raised its stake in shares of Rockwell Automation by 5.4% in the first quarter. Champlain Investment Partners LLC now owns 609,695 shares of the company’s stock worth $69,353,000 after buying an additional 31,100 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Rockwell Automation by 4.2% in the first quarter. Legal & General Group Plc now owns 603,433 shares of the company’s stock worth $68,641,000 after buying an additional 24,229 shares during the last quarter. Institutional investors and hedge funds own 74.29% of the company’s stock.
Rockwell Automation Inc. (NYSE:ROK) traded down 1.45% on Monday, reaching $120.57. The company had a trading volume of 1,096,899 shares. The company’s 50-day moving average is $116.86 and its 200-day moving average is $115.56. The company has a market capitalization of $15.60 billion, a PE ratio of 21.45 and a beta of 1.15. Rockwell Automation Inc. has a 52-week low of $87.53 and a 52-week high of $123.11.
Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, July 27th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.09. Rockwell Automation had a return on equity of 35.83% and a net margin of 12.54%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the business posted $1.59 EPS. The company’s revenue was down 6.4% on a year-over-year basis. Equities analysts anticipate that Rockwell Automation Inc. will post $5.90 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Rockwell Automation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Sanford C. Bernstein restated an “underperform” rating on shares of Rockwell Automation in a research note on Monday, June 27th. Berenberg Bank assumed coverage on Rockwell Automation in a research note on Monday. They set a “sell” rating and a $110.00 price target on the stock. Morgan Stanley set a $109.00 price target on Rockwell Automation and gave the stock a “sell” rating in a research note on Wednesday, September 28th. Finally, Credit Suisse Group AG restated a “hold” rating on shares of Rockwell Automation in a research note on Saturday, July 9th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $108.20.
In related news, Director William T. Jr/Wi Mccormick sold 686 shares of Rockwell Automation stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $117.03, for a total value of $80,282.58. Following the sale, the director now directly owns 10,951 shares in the company, valued at $1,281,595.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Douglas M. Hagerman sold 1,400 shares of Rockwell Automation stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $119.17, for a total value of $166,838.00. Following the completion of the sale, the vice president now owns 32,091 shares in the company, valued at $3,824,284.47. The disclosure for this sale can be found here. 1.54% of the stock is owned by company insiders.
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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