Acropolis Investment Management LLC Has $807,000 Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Acropolis Investment Management LLC reduced its stake in shares of Rockwell Automation, Inc. (NYSE:ROKGet Rating) by 4.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,051 shares of the industrial products company’s stock after selling 192 shares during the quarter. Acropolis Investment Management LLC’s holdings in Rockwell Automation were worth $807,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ROK. Capital City Trust Co. FL grew its holdings in Rockwell Automation by 34.0% during the 2nd quarter. Capital City Trust Co. FL now owns 1,575 shares of the industrial products company’s stock worth $314,000 after acquiring an additional 400 shares during the last quarter. IFM Investors Pty Ltd raised its position in shares of Rockwell Automation by 14.0% in the 2nd quarter. IFM Investors Pty Ltd now owns 20,338 shares of the industrial products company’s stock valued at $4,054,000 after acquiring an additional 2,499 shares during the period. Spectrum Asset Management Inc. NB CA raised its holdings in Rockwell Automation by 25.3% during the 2nd quarter. Spectrum Asset Management Inc. NB CA now owns 3,710 shares of the industrial products company’s stock worth $739,000 after buying an additional 750 shares during the period. Franklin Street Advisors Inc. NC raised its holdings in Rockwell Automation by 33.1% during the 2nd quarter. Franklin Street Advisors Inc. NC now owns 6,425 shares of the industrial products company’s stock worth $1,281,000 after buying an additional 1,599 shares during the period. Finally, Birch Hill Investment Advisors LLC raised its holdings in Rockwell Automation by 809.3% during the 2nd quarter. Birch Hill Investment Advisors LLC now owns 161,621 shares of the industrial products company’s stock worth $32,213,000 after buying an additional 143,847 shares during the period. 79.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP John M. Miller sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $253.10, for a total value of $303,720.00. Following the completion of the sale, the vice president now directly owns 4,508 shares of the company’s stock, valued at approximately $1,140,974.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

ROK has been the subject of a number of research analyst reports. Citigroup lifted their price objective on shares of Rockwell Automation from $259.00 to $274.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Credit Suisse Group set a $219.00 target price on Rockwell Automation in a report on Tuesday, July 19th. Wells Fargo & Company cut their price target on Rockwell Automation from $190.00 to $189.00 in a report on Tuesday, July 12th. Sanford C. Bernstein lowered Rockwell Automation from an “outperform” rating to a “market perform” rating and set a $290.00 target price on the stock. in a research report on Tuesday, August 16th. Finally, TheStreet raised Rockwell Automation from a “c” rating to a “b” rating in a research report on Thursday, September 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and a consensus price target of $240.29.

Rockwell Automation Price Performance

Rockwell Automation stock traded down $4.90 during mid-day trading on Friday, reaching $220.10. The company had a trading volume of 8,798 shares, compared to its average volume of 638,533. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.06 and a quick ratio of 0.76. The stock’s 50-day simple moving average is $241.32 and its 200-day simple moving average is $235.41. Rockwell Automation, Inc. has a 1 year low of $190.08 and a 1 year high of $354.99. The company has a market capitalization of $25.41 billion, a P/E ratio of 39.27, a P/E/G ratio of 2.54 and a beta of 1.47.

Rockwell Automation (NYSE:ROKGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The industrial products company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.33 by $0.33. Rockwell Automation had a net margin of 9.03% and a return on equity of 37.06%. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business earned $2.31 EPS. Rockwell Automation’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts predict that Rockwell Automation, Inc. will post 9.4 EPS for the current year.

Rockwell Automation Profile

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Rockwell Automation, Inc provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products, and services.

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

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