Huntington National Bank lifted its holdings in Rockwell Automation (NYSE:ROK) by 8.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 144,917 shares of the industrial products company’s stock after purchasing an additional 11,058 shares during the period. Huntington National Bank’s holdings in Rockwell Automation were worth $28,454,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ROK. Cerebellum GP LLC purchased a new stake in shares of Rockwell Automation in the 4th quarter worth approximately $130,000. Valeo Financial Advisors LLC purchased a new stake in shares of Rockwell Automation in the 3rd quarter worth approximately $131,000. Rockefeller Financial Services Inc. purchased a new stake in shares of Rockwell Automation in the 3rd quarter worth approximately $143,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Rockwell Automation in the 3rd quarter worth approximately $186,000. Finally, Foundry Partners LLC purchased a new stake in shares of Rockwell Automation in the 3rd quarter worth approximately $200,000. 72.75% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on ROK. Morgan Stanley upped their price target on shares of Rockwell Automation from $194.00 to $206.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. upped their price target on shares of Rockwell Automation from $182.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Citigroup lowered their price target on shares of Rockwell Automation from $214.00 to $209.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $224.00 price target for the company in a research report on Monday, January 29th. Finally, UBS Group started coverage on shares of Rockwell Automation in a research report on Monday, January 22nd. They set a “buy” rating for the company. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $183.15.

In other Rockwell Automation news, Director Keith D. Nosbusch sold 10,500 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $203.00, for a total value of $2,131,500.00. Following the completion of the transaction, the director now owns 430,199 shares of the company’s stock, valued at $87,330,397. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Theodore D. Crandall sold 23,600 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $200.71, for a total transaction of $4,736,756.00. Following the completion of the transaction, the insider now directly owns 113,977 shares of the company’s stock, valued at approximately $22,876,323.67. The disclosure for this sale can be found here. Insiders have sold 70,866 shares of company stock valued at $14,176,791 in the last three months. 1.28% of the stock is currently owned by corporate insiders.

Shares of Rockwell Automation (NYSE ROK) opened at $188.57 on Wednesday. Rockwell Automation has a 52-week low of $147.67 and a 52-week high of $210.72. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.73 and a current ratio of 1.98. The company has a market cap of $23,583.96, a P/E ratio of 26.52, a P/E/G ratio of 2.08 and a beta of 1.17.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, January 24th. The industrial products company reported $1.96 EPS for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.22. Rockwell Automation had a net margin of 5.85% and a return on equity of 39.45%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the prior year, the company posted $1.75 earnings per share. Rockwell Automation’s revenue for the quarter was up 6.5% compared to the same quarter last year. equities analysts forecast that Rockwell Automation will post 7.79 EPS for the current fiscal year.

Rockwell Automation declared that its board has initiated a share buyback program on Wednesday, January 24th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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

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