Hellman Jordan Management Co. Inc. MA acquired a new position in Rockwell Automation (NYSE:ROK) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,000 shares of the industrial products company’s stock, valued at approximately $819,000.
Other institutional investors have also recently modified their holdings of the company. Coastal Capital Group Inc. acquired a new position in shares of Rockwell Automation in the second quarter worth about $25,000. Zions Bancorporation N.A. acquired a new position in shares of Rockwell Automation in the first quarter worth about $26,000. Griffin Asset Management Inc. acquired a new position in shares of Rockwell Automation in the second quarter worth about $26,000. TCG Advisors LP acquired a new position in shares of Rockwell Automation in the first quarter worth about $29,000. Finally, Thor Advisors LLC acquired a new position in shares of Rockwell Automation during the 1st quarter worth about $29,000. Institutional investors and hedge funds own 73.08% of the company’s stock.
Several research analysts recently weighed in on ROK shares. Gordon Haskett downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Morgan Stanley reduced their price target on shares of Rockwell Automation from $159.00 to $144.00 and set an “underweight” rating for the company in a research report on Friday, June 14th. Longbow Research restated a “hold” rating on shares of Rockwell Automation in a research report on Tuesday, September 17th. Citigroup reduced their price target on shares of Rockwell Automation from $184.00 to $181.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, Wells Fargo & Co downgraded shares of Rockwell Automation from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $185.00 to $165.00 in a research report on Monday. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $170.67.
ROK stock traded down $1.90 during mid-day trading on Monday, reaching $164.35. The company’s stock had a trading volume of 522,380 shares, compared to its average volume of 946,190. The stock has a market cap of $19.13 billion, a PE ratio of 20.27, a P/E/G ratio of 2.42 and a beta of 1.41. The company has a current ratio of 1.51, a quick ratio of 1.17 and a debt-to-equity ratio of 1.68. Rockwell Automation has a fifty-two week low of $141.46 and a fifty-two week high of $191.96. The company’s 50 day moving average is $156.06 and its two-hundred day moving average is $164.65.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Thursday, July 25th. The industrial products company reported $2.40 EPS for the quarter, beating the Zacks’ consensus estimate of $2.29 by $0.11. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.72 billion. Rockwell Automation had a net margin of 15.44% and a return on equity of 78.71%. Rockwell Automation’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.16 EPS. On average, analysts forecast that Rockwell Automation will post 8.63 earnings per share for the current fiscal year.
In other Rockwell Automation news, insider Blake D. Moret sold 297 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $161.53, for a total value of $47,974.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John M. Miller sold 3,250 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $163.67, for a total transaction of $531,927.50. The disclosure for this sale can be found here. 1.43% of the stock is currently owned by corporate insiders.
Rockwell Automation Profile
Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.
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