Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Boston Family Office LLC

Boston Family Office LLC grew its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 0.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 81,129 shares of the industrial products company’s stock after purchasing an additional 168 shares during the quarter. Rockwell Automation makes up about 1.7% of Boston Family Office LLC’s holdings, making the stock its 14th largest position. Boston Family Office LLC’s holdings in Rockwell Automation were worth $23,205,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Blair William & Co. IL grew its holdings in Rockwell Automation by 11.9% during the 2nd quarter. Blair William & Co. IL now owns 291,017 shares of the industrial products company’s stock worth $83,237,000 after acquiring an additional 30,895 shares in the last quarter. Kentucky Retirement Systems acquired a new position in Rockwell Automation during the 2nd quarter worth $1,933,000. Bank of Montreal Can grew its holdings in Rockwell Automation by 36.3% during the 2nd quarter. Bank of Montreal Can now owns 538,706 shares of the industrial products company’s stock worth $152,830,000 after acquiring an additional 143,546 shares in the last quarter. Davis R M Inc. boosted its holdings in shares of Rockwell Automation by 2.5% in the 2nd quarter. Davis R M Inc. now owns 85,815 shares of the industrial products company’s stock valued at $24,545,000 after buying an additional 2,107 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. acquired a new position in shares of Rockwell Automation in the 2nd quarter valued at about $218,000. 77.99% of the stock is owned by institutional investors.

Shares of ROK stock traded up $2.76 during trading hours on Monday, reaching $305.33. 3,645 shares of the stock traded hands, compared to its average volume of 675,090. Rockwell Automation, Inc. has a 1-year low of $214.70 and a 1-year high of $327.20. The business has a fifty day moving average price of $311.86 and a 200 day moving average price of $285.49. The company has a quick ratio of 1.04, a current ratio of 1.34 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $35.43 billion, a PE ratio of 22.97, a PEG ratio of 3.46 and a beta of 1.38.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Monday, July 26th. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.09 by $0.22. Rockwell Automation had a net margin of 22.82% and a return on equity of 53.06%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the business earned $1.27 earnings per share. The firm’s revenue was up 32.6% compared to the same quarter last year. Research analysts expect that Rockwell Automation, Inc. will post 9.3 earnings per share for the current fiscal year.

A number of research analysts have issued reports on the stock. Robert W. Baird boosted their target price on shares of Rockwell Automation from $280.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, July 28th. Oppenheimer restated a “buy” rating and set a $286.00 price target on shares of Rockwell Automation in a research report on Friday, June 25th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Rockwell Automation from $299.00 to $305.00 and gave the stock a “hold” rating in a research report on Wednesday, July 28th. Credit Suisse Group boosted their price target on shares of Rockwell Automation from $275.00 to $298.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 28th. Finally, Morgan Stanley boosted their price target on shares of Rockwell Automation from $313.00 to $327.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $287.18.

In related news, VP Terry L. Riesterer sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 5th. The shares were sold at an average price of $311.28, for a total transaction of $778,200.00. Following the transaction, the vice president now directly owns 3,333 shares of the company’s stock, valued at $1,037,496.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Frank C. Kulaszewicz sold 2,764 shares of the business’s stock in a transaction that occurred on Friday, July 30th. The shares were sold at an average price of $304.20, for a total transaction of $840,808.80. Following the transaction, the senior vice president now directly owns 16,917 shares in the company, valued at $5,146,151.40. The disclosure for this sale can be found here. Insiders have sold 21,564 shares of company stock worth $6,494,604 in the last 90 days. 0.79% of the stock is owned by company insiders.

About Rockwell Automation

Rockwell Automation, Inc engages in the provision of industrial automation and information services. It operates through the following segments: Architecture and Software, and Control Products and Solutions . The Architecture and Software segment contains hardware, software, and communication components of its integrated control and information architecture which are capable of controlling the customer’s industrial processes and connecting with their business enterprise.

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

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