Exxonmobil Investment Management Inc. TX lessened its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 12.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,433 shares of the industrial products company’s stock after selling 3,007 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Rockwell Automation were worth $4,012,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of the company. QUANTRES ASSET MANAGEMENT Ltd bought a new position in shares of Rockwell Automation during the fourth quarter valued at $805,000. Atlantic Trust Group LLC acquired a new stake in shares of Rockwell Automation during the third quarter worth $2,535,000. Parametric Portfolio Associates LLC increased its position in shares of Rockwell Automation by 7.9% during the third quarter. Parametric Portfolio Associates LLC now owns 254,157 shares of the industrial products company’s stock worth $45,293,000 after buying an additional 18,508 shares during the period. AXA increased its position in shares of Rockwell Automation by 15.1% during the third quarter. AXA now owns 433,363 shares of the industrial products company’s stock worth $77,229,000 after buying an additional 56,835 shares during the period. Finally, GSA Capital Partners LLP increased its position in shares of Rockwell Automation by 109.9% during the third quarter. GSA Capital Partners LLP now owns 6,296 shares of the industrial products company’s stock worth $1,122,000 after buying an additional 3,296 shares during the period. 72.84% of the stock is owned by institutional investors.
In related news, CEO Blake D. Moret sold 5,309 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $190.75, for a total transaction of $1,012,691.75. Following the completion of the sale, the chief executive officer now directly owns 30,720 shares in the company, valued at approximately $5,859,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Patrick P. Goris sold 145 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $192.36, for a total transaction of $27,892.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,770 shares of company stock valued at $2,054,871. Company insiders own 1.65% of the company’s stock.
Rockwell Automation, Inc. (ROK) opened at $205.05 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.06. Rockwell Automation, Inc. has a 12 month low of $139.51 and a 12 month high of $210.72. The company has a market cap of $26,520.67, a P/E ratio of 32.34, a P/E/G ratio of 2.32 and a beta of 1.23.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.03). The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. Rockwell Automation’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 EPS. equities analysts forecast that Rockwell Automation, Inc. will post 7.39 EPS for the current year.
ROK has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Goldman Sachs Group restated a “neutral” rating and issued a $193.00 price target on shares of Rockwell Automation in a report on Friday, December 8th. Credit Suisse Group restated a “neutral” rating and issued a $174.00 price target (up from $154.00) on shares of Rockwell Automation in a report on Wednesday, October 11th. cut shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a report on Thursday, November 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $198.00 price objective on shares of Rockwell Automation in a report on Monday, December 11th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. Rockwell Automation has an average rating of “Hold” and an average price target of $171.60.
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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.
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