Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Berman Capital Advisors LLC

Berman Capital Advisors LLC lifted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 10.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 386 shares of the industrial products company’s stock after acquiring an additional 35 shares during the period. Berman Capital Advisors LLC’s holdings in Rockwell Automation were worth $110,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Rockwell Automation by 1.3% in the second quarter. BlackRock Inc. now owns 9,049,200 shares of the industrial products company’s stock worth $2,588,251,000 after acquiring an additional 119,709 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Rockwell Automation by 29.1% during the 1st quarter. JPMorgan Chase & Co. now owns 3,165,639 shares of the industrial products company’s stock valued at $840,288,000 after purchasing an additional 713,005 shares in the last quarter. Geode Capital Management LLC grew its holdings in Rockwell Automation by 0.3% during the 1st quarter. Geode Capital Management LLC now owns 2,162,487 shares of the industrial products company’s stock valued at $573,003,000 after purchasing an additional 5,572 shares in the last quarter. Amundi Asset Management US Inc. grew its holdings in Rockwell Automation by 4.2% during the 1st quarter. Amundi Asset Management US Inc. now owns 1,755,937 shares of the industrial products company’s stock valued at $466,095,000 after purchasing an additional 70,263 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Rockwell Automation by 29.2% during the 2nd quarter. American Century Companies Inc. now owns 1,250,256 shares of the industrial products company’s stock valued at $357,599,000 after purchasing an additional 282,789 shares in the last quarter. 77.99% of the stock is owned by institutional investors.

In related news, SVP Elik I. Fooks sold 2,900 shares of Rockwell Automation stock in a transaction dated Friday, August 27th. The shares were sold at an average price of $321.68, for a total value of $932,872.00. Following the sale, the senior vice president now directly owns 7,075 shares in the company, valued at approximately $2,275,886. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Terry L. Riesterer sold 2,500 shares of Rockwell Automation stock in a transaction dated Thursday, August 5th. The shares were sold at an average price of $311.28, for a total transaction of $778,200.00. Following the completion of the sale, the vice president now owns 3,333 shares in the company, valued at $1,037,496.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,564 shares of company stock worth $6,494,604. Insiders own 0.79% of the company’s stock.

A number of research firms recently weighed in on ROK. Zacks Investment Research lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating and set a $323.00 price target for the company. in a report on Friday, July 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Rockwell Automation from $299.00 to $305.00 and gave the company a “hold” rating in a report on Wednesday, July 28th. Oppenheimer reaffirmed a “buy” rating and set a $286.00 price target on shares of Rockwell Automation in a report on Friday, June 25th. Robert W. Baird raised their price target on shares of Rockwell Automation from $280.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, July 28th. Finally, HSBC raised their price objective on shares of Rockwell Automation from $247.00 to $285.00 and gave the stock a “hold” rating in a report on Thursday, July 15th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $287.18.

Rockwell Automation stock opened at $302.57 on Friday. The firm’s 50-day moving average is $311.86 and its 200-day moving average is $285.16. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.04 and a current ratio of 1.34. Rockwell Automation, Inc. has a 1 year low of $214.70 and a 1 year high of $327.20. The company has a market cap of $35.11 billion, a P/E ratio of 22.97, a PEG ratio of 3.46 and a beta of 1.38.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Monday, July 26th. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.09 by $0.22. Rockwell Automation had a net margin of 22.82% and a return on equity of 53.06%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period last year, the firm posted $1.27 EPS. The company’s revenue for the quarter was up 32.6% on a year-over-year basis. As a group, sell-side analysts predict that Rockwell Automation, Inc. will post 9.3 earnings per share for the current year.

About Rockwell Automation

Rockwell Automation, Inc engages in the provision of industrial automation and information services. It operates through the following segments: Architecture and Software, and Control Products and Solutions . The Architecture and Software segment contains hardware, software, and communication components of its integrated control and information architecture which are capable of controlling the customer’s industrial processes and connecting with their business enterprise.

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

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