Rockwell Automation, Inc. (ROK) Position Boosted by Gotham Asset Management LLC
Gotham Asset Management LLC lifted its stake in Rockwell Automation, Inc. (NYSE:ROK) by 3.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 61,830 shares of the industrial products company’s stock after purchasing an additional 2,306 shares during the quarter. Gotham Asset Management LLC’s holdings in Rockwell Automation were worth $10,014,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its position in shares of Rockwell Automation by 166.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 499 shares during the period. Sun Life Financial INC boosted its position in shares of Rockwell Automation by 8,490.9% in the 2nd quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 934 shares during the period. Clarkston Capital Partners LLC acquired a new position in shares of Rockwell Automation in the 2nd quarter valued at $206,000. Parsons Capital Management Inc. RI acquired a new position in shares of Rockwell Automation in the 1st quarter valued at $218,000. Finally, Greenwood Capital Associates LLC acquired a new position in shares of Rockwell Automation in the 2nd quarter valued at $218,000. Institutional investors and hedge funds own 73.61% of the company’s stock.
In other news, VP John M. Miller sold 1,825 shares of Rockwell Automation stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $165.37, for a total value of $301,800.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Blake D. Moret sold 1,723 shares of Rockwell Automation stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $170.06, for a total value of $293,013.38. Following the completion of the transaction, the insider now directly owns 22,849 shares of the company’s stock, valued at $3,885,700.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,825 shares of company stock valued at $10,917,484. Corporate insiders own 1.65% of the company’s stock.
Shares of Rockwell Automation, Inc. (ROK) traded up 0.387% on Monday, hitting $183.015. The company had a trading volume of 28,182 shares. The firm has a 50 day moving average of $170.36 and a 200-day moving average of $162.28. Rockwell Automation, Inc. has a 12-month low of $114.46 and a 12-month high of $183.47. The firm has a market capitalization of $23.49 billion, a P/E ratio of 29.514 and a beta of 1.19.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.12. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the company posted $1.55 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities analysts predict that Rockwell Automation, Inc. will post $6.76 EPS for the current year.
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ROK has been the subject of a number of recent analyst reports. BidaskClub upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Cowen and Company increased their price target on Rockwell Automation from $125.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday, July 6th. Wolfe Research assumed coverage on Rockwell Automation in a research report on Tuesday, July 11th. They issued a “peer perform” rating for the company. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 price objective for the company in a research report on Tuesday, July 11th. Finally, Stifel Nicolaus restated a “hold” rating and set a $167.00 price objective on shares of Rockwell Automation in a research report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Rockwell Automation has an average rating of “Hold” and a consensus target price of $156.21.
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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