Rockwell Automation (NYSE:ROK) Shares Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. increased its position in Rockwell Automation (NYSE:ROK) by 26.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,930 shares of the industrial products company’s stock after buying an additional 401 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Rockwell Automation were worth $316,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation N.A. acquired a new stake in shares of Rockwell Automation in the first quarter valued at $26,000. Coastal Capital Group Inc. acquired a new stake in shares of Rockwell Automation during the second quarter worth $25,000. Griffin Asset Management Inc. acquired a new stake in shares of Rockwell Automation during the second quarter worth $26,000. Thor Advisors LLC acquired a new stake in shares of Rockwell Automation during the first quarter worth $29,000. Finally, TCG Advisors LP acquired a new stake in shares of Rockwell Automation during the first quarter worth $29,000. Institutional investors and hedge funds own 73.08% of the company’s stock.

NYSE:ROK traded down $0.29 during trading hours on Friday, hitting $158.08. 132,919 shares of the company’s stock traded hands, compared to its average volume of 1,021,802. The firm has a market cap of $18.99 billion, a P/E ratio of 19.49, a P/E/G ratio of 2.22 and a beta of 1.41. Rockwell Automation has a twelve month low of $141.46 and a twelve month high of $191.67. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.17 and a current ratio of 1.51. The stock’s fifty day moving average price is $157.09 and its two-hundred day moving average price is $164.15.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Thursday, July 25th. The industrial products company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.11. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.72 billion. Rockwell Automation had a return on equity of 78.71% and a net margin of 15.44%. Rockwell Automation’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.16 earnings per share. On average, equities research analysts predict that Rockwell Automation will post 8.63 earnings per share for the current year.

In related news, VP John M. Miller sold 3,250 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $163.67, for a total transaction of $531,927.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.43% of the stock is currently owned by insiders.

A number of equities research analysts have recently issued reports on the company. Morgan Stanley cut their target price on Rockwell Automation from $159.00 to $144.00 and set an “underweight” rating on the stock in a research report on Friday, June 14th. Barclays reaffirmed a “hold” rating and set a $159.00 target price on shares of Rockwell Automation in a research report on Friday. Citigroup cut their target price on Rockwell Automation from $184.00 to $181.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. JPMorgan Chase & Co. set a $154.00 target price on Rockwell Automation and gave the stock a “hold” rating in a research report on Friday, July 19th. Finally, Longbow Research reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Tuesday, September 17th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $170.27.

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

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