Artemis Investment Management LLP Invests $10.85 Million in Rockwell Automation, Inc. (NYSE:ROK)

Artemis Investment Management LLP acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 66,977 shares of the industrial products company’s stock, valued at approximately $10,847,000. Artemis Investment Management LLP owned about 0.05% of Rockwell Automation as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ROK. Jacobus Wealth Management Inc. acquired a new position in shares of Rockwell Automation during the first quarter valued at about $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Rockwell Automation by 1,700.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock valued at $112,000 after buying an additional 680 shares during the last quarter. Clarkston Capital Partners LLC acquired a new position in shares of Rockwell Automation during the second quarter valued at about $206,000. Appleton Group LLC acquired a new position in shares of Rockwell Automation during the first quarter valued at about $213,000. Finally, Hunter Associates Investment Management LLC acquired a new position in shares of Rockwell Automation during the first quarter valued at about $215,000. 73.66% of the stock is owned by institutional investors and hedge funds.

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In related news, insider Blake D. Moret sold 3,100 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $164.88, for a total transaction of $511,128.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Blake D. Moret sold 5,677 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $170.10, for a total transaction of $965,657.70. Following the sale, the insider now directly owns 21,426 shares in the company, valued at $3,644,562.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,825 shares of company stock worth $10,917,484. Insiders own 1.65% of the company’s stock.

Shares of Rockwell Automation, Inc. (NYSE:ROK) opened at 173.73 on Friday. The firm’s 50-day moving average is $164.14 and its 200 day moving average is $159.63. Rockwell Automation, Inc. has a 52 week low of $113.50 and a 52 week high of $174.18. The company has a market capitalization of $22.30 billion, a PE ratio of 28.02 and a beta of 1.16.

Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.64 by $0.12. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the firm earned $1.55 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, analysts anticipate that Rockwell Automation, Inc. will post $6.75 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the stock. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Friday, August 18th. BidaskClub lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Wolfe Research began coverage on shares of Rockwell Automation in a research note on Tuesday, July 11th. They issued a “peer perform” rating on the stock. Finally, HSBC Holdings plc reissued a “hold” rating and issued a $147.00 target price (up previously from $134.00) on shares of Rockwell Automation in a research note on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $152.27.

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.

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

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