Tiaa Fsb Invests $3.84 Million in Rockwell Automation, Inc. (ROK) Stock

Tiaa Fsb purchased a new position in Rockwell Automation, Inc. (NYSE:ROK) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 23,724 shares of the industrial products company’s stock, valued at approximately $3,843,000.

A number of other institutional investors have also modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Rockwell Automation by 0.3% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 273,710 shares of the industrial products company’s stock worth $44,330,000 after buying an additional 854 shares during the period. Swiss National Bank raised its holdings in Rockwell Automation by 3.4% during the 2nd quarter. Swiss National Bank now owns 469,836 shares of the industrial products company’s stock worth $76,095,000 after buying an additional 15,300 shares during the period. Bank of America Corp DE raised its holdings in Rockwell Automation by 27.0% during the 1st quarter. Bank of America Corp DE now owns 1,037,845 shares of the industrial products company’s stock worth $161,602,000 after buying an additional 220,675 shares during the period. Blair William & Co. IL raised its holdings in Rockwell Automation by 5.7% during the 2nd quarter. Blair William & Co. IL now owns 5,414 shares of the industrial products company’s stock worth $877,000 after buying an additional 293 shares during the period. Finally, Sit Investment Associates Inc. raised its holdings in Rockwell Automation by 127.5% during the 2nd quarter. Sit Investment Associates Inc. now owns 147,995 shares of the industrial products company’s stock worth $23,969,000 after buying an additional 82,945 shares during the period. Hedge funds and other institutional investors own 73.61% of the company’s stock.

In related news, Director Keith D. Nosbusch sold 20,000 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $165.50, for a total value of $3,310,000.00. Following the sale, the director now owns 411,286 shares of the company’s stock, valued at approximately $68,067,833. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Blake D. Moret sold 1,723 shares of Rockwell Automation stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $170.06, for a total value of $293,013.38. Following the completion of the sale, the insider now directly owns 22,849 shares in the company, valued at approximately $3,885,700.94. The disclosure for this sale can be found here. In the last three months, insiders sold 65,825 shares of company stock worth $10,917,484. 1.65% of the stock is owned by insiders.

Shares of Rockwell Automation, Inc. (NYSE:ROK) traded down 0.09% during midday trading on Friday, hitting $177.17. The company had a trading volume of 30,094 shares. The firm’s 50-day moving average is $164.79 and its 200-day moving average is $160.06. Rockwell Automation, Inc. has a 12-month low of $113.50 and a 12-month high of $177.72. The firm has a market capitalization of $22.74 billion, a P/E ratio of 28.57 and a beta of 1.16.

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

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Several analysts have issued reports on the company. Cowen and Company restated a “hold” rating and set a $140.00 price objective on shares of Rockwell Automation in a report on Sunday, September 17th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Rockwell Automation in a report on Friday, August 18th. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price objective on the stock in a report on Friday, July 28th. J P Morgan Chase & Co upgraded Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 price objective on the stock in a report on Thursday, July 27th. Finally, Wolfe Research assumed coverage on Rockwell Automation in a report on Tuesday, July 11th. They set a “peer perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $152.27.

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.

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

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