Advisory Services Network LLC Has $2.65 Million Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Advisory Services Network LLC trimmed its stake in shares of Rockwell Automation, Inc. (NYSE:ROKGet Rating) by 27.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,459 shares of the industrial products company’s stock after selling 3,592 shares during the quarter. Advisory Services Network LLC’s holdings in Rockwell Automation were worth $2,649,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quilter Plc increased its position in Rockwell Automation by 5.0% in the 1st quarter. Quilter Plc now owns 216,942 shares of the industrial products company’s stock valued at $60,750,000 after acquiring an additional 10,273 shares during the period. Toroso Investments LLC increased its position in Rockwell Automation by 9.4% in the 1st quarter. Toroso Investments LLC now owns 2,217 shares of the industrial products company’s stock valued at $621,000 after acquiring an additional 191 shares during the period. Capital International Sarl increased its position in Rockwell Automation by 19.3% in the 1st quarter. Capital International Sarl now owns 7,538 shares of the industrial products company’s stock valued at $2,111,000 after acquiring an additional 1,220 shares during the period. Capital International Ltd. CA increased its position in Rockwell Automation by 1.3% in the 1st quarter. Capital International Ltd. CA now owns 12,615 shares of the industrial products company’s stock valued at $3,533,000 after acquiring an additional 162 shares during the period. Finally, Wealthfront Advisers LLC increased its position in Rockwell Automation by 74.7% in the 1st quarter. Wealthfront Advisers LLC now owns 10,988 shares of the industrial products company’s stock valued at $3,078,000 after acquiring an additional 4,699 shares during the period. 79.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ROK. Credit Suisse Group set a $219.00 price objective on shares of Rockwell Automation in a research note on Tuesday, July 19th. UBS Group cut their target price on shares of Rockwell Automation to $205.00 in a research note on Wednesday, May 25th. Citigroup increased their target price on shares of Rockwell Automation from $259.00 to $274.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. StockNews.com raised shares of Rockwell Automation from a “sell” rating to a “hold” rating in a research note on Saturday, July 23rd. Finally, Barclays lowered their target price on shares of Rockwell Automation from $200.00 to $190.00 in a report on Friday, July 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $240.29.

Rockwell Automation Stock Down 3.0 %

Rockwell Automation stock opened at $237.90 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.06 and a quick ratio of 0.76. Rockwell Automation, Inc. has a 12 month low of $190.08 and a 12 month high of $354.99. The stock has a market capitalization of $27.46 billion, a PE ratio of 41.19, a price-to-earnings-growth ratio of 2.76 and a beta of 1.47. The business has a 50 day simple moving average of $237.82 and a 200-day simple moving average of $236.54.

Rockwell Automation (NYSE:ROKGet Rating) last posted its earnings results on Wednesday, July 27th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the company earned $2.31 EPS. Rockwell Automation’s revenue was up 6.5% on a year-over-year basis. On average, analysts anticipate that Rockwell Automation, Inc. will post 9.4 EPS for the current fiscal year.

Insider Activity

In related news, VP John M. Miller sold 1,200 shares of Rockwell Automation stock in a transaction on Friday, July 29th. The stock was sold at an average price of $253.10, for a total value of $303,720.00. Following the transaction, the vice president now owns 4,508 shares in the company, valued at $1,140,974.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.68% of the company’s stock.

Rockwell Automation Company Profile

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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.

Further Reading

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

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