Rockwell Automation (NYSE:ROK) Stock Position Increased by Alecta Pensionsforsakring Omsesidigt

Alecta Pensionsforsakring Omsesidigt increased its position in shares of Rockwell Automation (NYSE:ROK) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,243,265 shares of the industrial products company’s stock after buying an additional 75,000 shares during the quarter. Rockwell Automation comprises approximately 4.3% of Alecta Pensionsforsakring Omsesidigt’s portfolio, making the stock its 7th largest position. Alecta Pensionsforsakring Omsesidigt owned about 2.77% of Rockwell Automation worth $534,490,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ROK. Nuveen Asset Management LLC raised its position in Rockwell Automation by 1,664.3% in the second quarter. Nuveen Asset Management LLC now owns 1,422,349 shares of the industrial products company’s stock valued at $233,024,000 after purchasing an additional 1,341,730 shares during the period. TimesSquare Capital Management LLC purchased a new stake in shares of Rockwell Automation during the second quarter worth $70,873,000. DekaBank Deutsche Girozentrale increased its position in shares of Rockwell Automation by 117.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 425,756 shares of the industrial products company’s stock worth $69,098,000 after acquiring an additional 230,298 shares during the period. Janus Henderson Group PLC increased its position in shares of Rockwell Automation by 504.4% during the second quarter. Janus Henderson Group PLC now owns 265,245 shares of the industrial products company’s stock worth $43,454,000 after acquiring an additional 221,357 shares during the period. Finally, Invesco Ltd. increased its position in shares of Rockwell Automation by 25.1% during the second quarter. Invesco Ltd. now owns 511,606 shares of the industrial products company’s stock worth $83,816,000 after acquiring an additional 102,724 shares during the period. 73.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ROK stock opened at $171.62 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 1.17 and a debt-to-equity ratio of 1.68. The firm has a fifty day moving average price of $161.89 and a 200 day moving average price of $163.03. The company has a market cap of $19.80 billion, a P/E ratio of 21.16, a PEG ratio of 2.35 and a beta of 1.41. Rockwell Automation has a 12 month low of $141.46 and a 12 month high of $191.48.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Thursday, July 25th. The industrial products company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.11. The firm 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%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.16 earnings per share. On average, equities analysts forecast that Rockwell Automation will post 8.61 EPS for the current year.

In related news, VP John M. Miller sold 3,250 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $163.67, for a total transaction of $531,927.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.43% of the company’s stock.

ROK has been the topic of a number of recent research reports. Wells Fargo & Co lowered Rockwell Automation from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $185.00 to $165.00 in a research report on Monday, September 30th. Zacks Investment Research lowered Rockwell Automation from a “hold” rating to a “sell” rating and set a $177.00 price objective on the stock. in a research report on Wednesday, October 16th. Morgan Stanley cut their price objective on Rockwell Automation from $145.00 to $142.00 and set an “underweight” rating on the stock in a research report on Friday, October 11th. JPMorgan Chase & Co. upped their price objective on Rockwell Automation from $145.00 to $146.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, Citigroup cut their price objective on Rockwell Automation from $180.00 to $174.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a sell rating, nine have assigned 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 $171.36.

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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