Cox Capital Mgt LLC Takes Position in Rockwell Automation (ROK)

Cox Capital Mgt LLC purchased a new stake in Rockwell Automation (NYSE:ROK) during the 3rd quarter, HoldingsChannel reports. The fund purchased 1,400 shares of the industrial products company’s stock, valued at approximately $263,000.

A number of other institutional investors also recently made changes to their positions in the business. Centaurus Financial Inc. acquired a new stake in shares of Rockwell Automation in the second quarter valued at approximately $103,000. AdvisorNet Financial Inc boosted its holdings in shares of Rockwell Automation by 262.2% in the second quarter. AdvisorNet Financial Inc now owns 670 shares of the industrial products company’s stock valued at $111,000 after acquiring an additional 485 shares during the period. Fort L.P. acquired a new stake in shares of Rockwell Automation in the second quarter valued at approximately $117,000. Marshall & Sullivan Inc. WA acquired a new stake in shares of Rockwell Automation in the second quarter valued at approximately $158,000. Finally, Gradient Investments LLC boosted its holdings in shares of Rockwell Automation by 14,057.1% in the second quarter. Gradient Investments LLC now owns 991 shares of the industrial products company’s stock valued at $165,000 after acquiring an additional 984 shares during the period. Institutional investors own 74.73% of the company’s stock.

In other Rockwell Automation news, VP Susan Schmitt sold 4,500 shares of the firm’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $175.02, for a total value of $787,590.00. Following the completion of the sale, the vice president now owns 15,967 shares of the company’s stock, valued at $2,794,544.34. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Steven W. Etzel sold 1,400 shares of the firm’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $187.68, for a total value of $262,752.00. Following the completion of the sale, the vice president now directly owns 8,668 shares of the company’s stock, valued at approximately $1,626,810.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,433 shares of company stock valued at $2,086,894. Corporate insiders own 1.28% of the company’s stock.



Shares of NYSE ROK traded down $2.63 during mid-day trading on Monday, hitting $158.69. 63,884 shares of the company were exchanged, compared to its average volume of 1,226,974. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.93 and a quick ratio of 1.60. Rockwell Automation has a 1-year low of $153.67 and a 1-year high of $210.72. The company has a market cap of $19.87 billion, a PE ratio of 23.48, a P/E/G ratio of 1.54 and a beta of 1.21.

Rockwell Automation announced that its board has approved a share repurchase plan on Thursday, September 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to buy up to 4.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Several equities research analysts have recently weighed in on the company. ValuEngine raised Rockwell Automation from a “hold” rating to a “buy” rating in a report on Friday, September 21st. Wells Fargo & Co increased their price objective on Rockwell Automation from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, October 2nd. Barclays reissued a “hold” rating and issued a $176.00 price objective on shares of Rockwell Automation in a report on Thursday, July 26th. Morgan Stanley increased their price target on Rockwell Automation from $187.00 to $192.00 and gave the stock an “equal weight” rating in a report on Friday, July 27th. Finally, Zacks Investment Research downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $181.54.

About Rockwell Automation

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

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