Sequoia Financial Advisors LLC continued to hold its position in Rockwell Automation Inc. (NYSE:ROK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,777 shares of the company’s stock at the end of the second quarter. Sequoia Financial Advisors LLC’s holdings in Rockwell Automation were worth $204,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Checchi Capital Advisers LLC boosted its position in Rockwell Automation by 0.5% in the second quarter. Checchi Capital Advisers LLC now owns 938 shares of the company’s stock worth $108,000 after buying an additional 5 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Rockwell Automation during the first quarter worth $110,000. Citizens Financial Group Inc RI raised its position in shares of Rockwell Automation by 20.9% in the first quarter. Citizens Financial Group Inc RI now owns 1,344 shares of the company’s stock worth $153,000 after buying an additional 232 shares during the last quarter. Telemus Capital LLC purchased a new position in shares of Rockwell Automation during the second quarter worth $201,000. Finally, Nicolet Bankshares Inc. purchased a new position in shares of Rockwell Automation during the second quarter worth $205,000. Hedge funds and other institutional investors own 74.29% of the company’s stock.
Shares of Rockwell Automation Inc. (NYSE:ROK) traded up 0.43% on Friday, reaching $116.80. The company’s stock had a trading volume of 941,968 shares. The company has a market capitalization of $15.11 billion, a price-to-earnings ratio of 20.78 and a beta of 1.15. The company’s 50-day moving average is $116.86 and its 200 day moving average is $115.85. Rockwell Automation Inc. has a 12-month low of $87.53 and a 12-month high of $123.48.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.09. Rockwell Automation had a return on equity of 35.83% and a net margin of 12.54%. The firm earned $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the business earned $1.59 earnings per share. The company’s revenue was down 6.4% on a year-over-year basis. Equities analysts anticipate that Rockwell Automation Inc. will post $5.90 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on ROK shares. Sanford C. Bernstein raised Rockwell Automation from an “underperform” rating to a “market perform” rating and upped their target price for the stock from $105.00 to $121.00 in a research report on Friday, September 30th. Morgan Stanley set a $109.00 target price on Rockwell Automation and gave the stock a “sell” rating in a research report on Wednesday, September 28th. HSBC started coverage on Rockwell Automation in a research report on Friday, October 7th. They set a “hold” rating and a $108.00 target price on the stock. Berenberg Bank started coverage on Rockwell Automation in a research report on Monday, October 3rd. They set a “sell” rating and a $110.00 target price on the stock. Finally, Zacks Investment Research lowered Rockwell Automation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Seven research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $108.43.
In related news, VP Steven W. Etzel sold 1,800 shares of the company’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of $121.54, for a total transaction of $218,772.00. Following the completion of the sale, the vice president now owns 8,286 shares in the company, valued at $1,007,080.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William T. Jr/Wi Mccormick sold 686 shares of the company’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $117.03, for a total value of $80,282.58. Following the sale, the director now owns 10,951 shares of the company’s stock, valued at approximately $1,281,595.53. The disclosure for this sale can be found here. 1.54% of the stock is owned by insiders.
About Rockwell Automation
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.