Rockwell Automation, Inc. (NYSE:ROK) Stock Holdings Cut by Capital World Investors

Capital World Investors cut its stake in shares of Rockwell Automation, Inc. (NYSE:ROKGet Rating) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,715,233 shares of the industrial products company’s stock after selling 177,617 shares during the quarter. Capital World Investors owned 4.06% of Rockwell Automation worth $1,320,407,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. International Assets Investment Management LLC boosted its stake in shares of Rockwell Automation by 4.9% during the 4th quarter. International Assets Investment Management LLC now owns 814 shares of the industrial products company’s stock worth $284,000 after acquiring an additional 38 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Rockwell Automation by 1.6% during the 1st quarter. Greenleaf Trust now owns 2,414 shares of the industrial products company’s stock worth $676,000 after acquiring an additional 39 shares in the last quarter. Merriman Wealth Management LLC boosted its stake in shares of Rockwell Automation by 5.1% during the 1st quarter. Merriman Wealth Management LLC now owns 843 shares of the industrial products company’s stock worth $236,000 after acquiring an additional 41 shares in the last quarter. CAPROCK Group Inc. boosted its stake in shares of Rockwell Automation by 3.2% during the 1st quarter. CAPROCK Group Inc. now owns 1,567 shares of the industrial products company’s stock worth $439,000 after acquiring an additional 49 shares in the last quarter. Finally, Parsec Financial Management Inc. boosted its stake in shares of Rockwell Automation by 2.0% during the 1st quarter. Parsec Financial Management Inc. now owns 2,680 shares of the industrial products company’s stock worth $751,000 after acquiring an additional 53 shares in the last quarter. 79.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ROK. Morgan Stanley reduced their price objective on Rockwell Automation from $277.00 to $260.00 and set an “overweight” rating for the company in a research note on Monday, June 27th. Mizuho reduced their target price on Rockwell Automation from $215.00 to $200.00 and set a “neutral” rating for the company in a report on Monday, July 18th. Citigroup increased their target price on Rockwell Automation from $259.00 to $274.00 and gave the company a “buy” rating in a report on Thursday, July 28th. UBS Group reduced their target price on Rockwell Automation to $205.00 in a report on Wednesday, May 25th. Finally, Argus increased their target price on Rockwell Automation from $250.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $240.29.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP John M. Miller sold 1,200 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $253.10, for a total transaction of $303,720.00. Following the transaction, the vice president now directly owns 4,508 shares in the company, valued at $1,140,974.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Price Performance

NYSE ROK opened at $250.99 on Thursday. Rockwell Automation, Inc. has a fifty-two week low of $190.08 and a fifty-two week high of $354.99. The stock’s 50-day moving average is $235.97 and its two-hundred day moving average is $236.59. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.06 and a quick ratio of 0.76. The firm has a market cap of $28.97 billion, a P/E ratio of 43.80, a price-to-earnings-growth ratio of 2.80 and a beta of 1.47.

Rockwell Automation (NYSE:ROKGet Rating) last posted its earnings results on Wednesday, July 27th. The industrial products company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.33. Rockwell Automation had a return on equity of 37.06% and a net margin of 9.03%. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company earned $2.31 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. On average, analysts anticipate that Rockwell Automation, Inc. will post 9.4 earnings per share for the current fiscal year.

About Rockwell Automation

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Rockwell Automation, Inc provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products, and services.

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

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