Rockwell Automation, Inc. (ROK) Stake Lessened by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lowered its position in Rockwell Automation, Inc. (NYSE:ROK) by 16.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 28,220 shares of the industrial products company’s stock after selling 5,507 shares during the period. Gateway Investment Advisers LLC’s holdings in Rockwell Automation were worth $5,541,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its position in shares of Rockwell Automation by 0.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 231,974 shares of the industrial products company’s stock worth $41,340,000 after purchasing an additional 1,219 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Rockwell Automation in the 3rd quarter worth approximately $186,000. Frontier Investment Mgmt Co. acquired a new position in shares of Rockwell Automation in the 2nd quarter worth approximately $620,000. Oregon Public Employees Retirement Fund lifted its position in shares of Rockwell Automation by 11.5% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 56,252 shares of the industrial products company’s stock worth $10,025,000 after purchasing an additional 5,803 shares during the period. Finally, Oakbrook Investments LLC lifted its position in shares of Rockwell Automation by 42.6% in the 3rd quarter. Oakbrook Investments LLC now owns 11,625 shares of the industrial products company’s stock worth $2,072,000 after purchasing an additional 3,475 shares during the period. Hedge funds and other institutional investors own 72.84% of the company’s stock.

Rockwell Automation, Inc. (NYSE:ROK) opened at $203.51 on Monday. 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 1 year low of $139.51 and a 1 year high of $210.72. The stock has a market cap of $26,129.05, a price-to-earnings ratio of 32.10, a P/E/G ratio of 2.28 and a beta of 1.23.

Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.03). Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the firm earned $1.52 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. research analysts expect that Rockwell Automation, Inc. will post 7.41 earnings per share for the current fiscal year.

In other Rockwell Automation news, SVP Sujeet Chand sold 3,371 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $190.85, for a total transaction of $643,355.35. Following the transaction, the senior vice president now owns 47,183 shares in the company, valued at $9,004,875.55. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Patrick P. Goris sold 145 shares of the company’s stock in a transaction on Friday, December 8th. The stock was 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. Insiders have sold a total of 10,770 shares of company stock worth $2,054,871 in the last quarter. 1.65% of the stock is owned by corporate insiders.

A number of brokerages have recently issued reports on ROK. ValuEngine downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Morgan Stanley restated an “equal weight” rating and issued a $173.00 price target (up previously from $168.00) on shares of Rockwell Automation in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $209.00 price target on the stock in a research report on Tuesday, October 17th. Stifel Nicolaus restated a “hold” rating and issued a $183.00 price target on shares of Rockwell Automation in a research report on Thursday, October 12th. Finally, Citigroup boosted their target price on shares of Rockwell Automation from $187.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $172.29.

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Rockwell Automation Profile

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.

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

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