Sentry Investment Management LLC held its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,312 shares of the industrial products company’s stock at the end of the 2nd quarter. Sentry Investment Management LLC’s holdings in Rockwell Automation were worth $1,508,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of Rockwell Automation by 7.5% during the 2nd quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock valued at $1,570,735,000 after purchasing an additional 679,645 shares during the last quarter. Vanguard Group Inc. increased its holdings in Rockwell Automation by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 8,769,308 shares of the industrial products company’s stock worth $1,420,278,000 after acquiring an additional 268,101 shares during the last quarter. State Street Corp increased its holdings in Rockwell Automation by 1.3% in the 1st quarter. State Street Corp now owns 5,749,538 shares of the industrial products company’s stock worth $895,260,000 after acquiring an additional 76,191 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Rockwell Automation by 0.5% in the 2nd quarter. Lazard Asset Management LLC now owns 2,308,357 shares of the industrial products company’s stock worth $373,861,000 after acquiring an additional 11,384 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Rockwell Automation by 5.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,459,185 shares of the industrial products company’s stock worth $236,330,000 after acquiring an additional 81,416 shares during the last quarter. 73.59% of the stock is owned by hedge funds and other institutional investors.

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Several brokerages recently weighed in on ROK. Stifel Nicolaus reissued a “hold” rating and issued a $183.00 price objective on shares of Rockwell Automation in a report on Thursday, October 12th. Zacks Investment Research raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $209.00 price objective for the company in a report on Tuesday. Credit Suisse Group reissued a “neutral” rating and issued a $174.00 price objective (up previously from $154.00) on shares of Rockwell Automation in a report on Wednesday, October 11th. ValuEngine lowered Rockwell Automation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $187.00 price objective (up previously from $175.00) on shares of Rockwell Automation in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $164.07.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.12. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 EPS.

In other news, Director Keith D. Nosbusch sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $165.00, for a total value of $1,650,000.00. Following the completion of the sale, the director now directly owns 411,286 shares of the company’s stock, valued at approximately $67,862,190. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Blake D. Moret sold 1,723 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $170.06, for a total value of $293,013.38. Following the completion of the sale, 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. Insiders have sold a total of 65,825 shares of company stock valued at $10,917,484 in the last 90 days. 1.65% of the stock is currently owned by company insiders.

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

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