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.
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