River & Mercantile Asset Management LLP Takes Position in Rockwell Automation (NYSE:ROK)

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River & Mercantile Asset Management LLP bought a new position in shares of Rockwell Automation (NYSE:ROK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 192 shares of the industrial products company’s stock, valued at approximately $31,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ROK. Cooper Financial Group grew its position in Rockwell Automation by 2.2% in the 2nd quarter. Cooper Financial Group now owns 3,007 shares of the industrial products company’s stock worth $493,000 after purchasing an additional 64 shares during the period. Portland Global Advisors LLC grew its position in shares of Rockwell Automation by 0.3% during the 2nd quarter. Portland Global Advisors LLC now owns 19,964 shares of the industrial products company’s stock valued at $3,271,000 after acquiring an additional 64 shares during the period. LS Investment Advisors LLC grew its position in shares of Rockwell Automation by 1.6% during the 2nd quarter. LS Investment Advisors LLC now owns 4,167 shares of the industrial products company’s stock valued at $683,000 after acquiring an additional 66 shares during the period. Signaturefd LLC grew its position in shares of Rockwell Automation by 9.6% during the 2nd quarter. Signaturefd LLC now owns 786 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 69 shares during the period. Finally, Csenge Advisory Group grew its position in shares of Rockwell Automation by 4.5% during the 2nd quarter. Csenge Advisory Group now owns 1,713 shares of the industrial products company’s stock valued at $280,000 after acquiring an additional 74 shares during the period. 73.08% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on the stock. Gordon Haskett downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Barclays reissued a “hold” rating and set a $159.00 price objective on shares of Rockwell Automation in a research report on Friday, October 4th. Longbow Research reissued a “hold” rating on shares of Rockwell Automation in a research report on Tuesday, September 17th. Wells Fargo & Co downgraded shares of Rockwell Automation from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $185.00 to $165.00 in a research report on Monday, September 30th. Finally, Citigroup cut their price objective on shares of Rockwell Automation from $184.00 to $181.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Rockwell Automation currently has an average rating of “Hold” and an average price target of $169.60.

In other Rockwell Automation 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 value of $531,927.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.43% of the company’s stock.

Shares of Rockwell Automation stock opened at $164.10 on Friday. The company has a market capitalization of $18.01 billion, a P/E ratio of 20.23, a P/E/G ratio of 2.11 and a beta of 1.41. 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 company has a fifty day moving average of $158.37 and a 200 day moving average of $163.41. Rockwell Automation has a fifty-two week low of $141.46 and a fifty-two week high of $191.48.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Thursday, July 25th. The industrial products company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.11. The company 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%. Rockwell Automation’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.16 EPS. Analysts forecast that Rockwell Automation will post 8.63 EPS for the current year.

Rockwell Automation Company 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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