Sicart Associates LLC bought a new stake in Rockwell Automation (NYSE:ROK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,095 shares of the industrial products company’s stock, valued at approximately $675,000.
Other large investors have also recently modified their holdings of the company. First Trust Advisors LP lifted its stake in shares of Rockwell Automation by 6.2% in the first quarter. First Trust Advisors LP now owns 173,668 shares of the industrial products company’s stock valued at $30,472,000 after purchasing an additional 10,187 shares during the period. FMR LLC lifted its stake in shares of Rockwell Automation by 0.6% in the first quarter. FMR LLC now owns 119,971 shares of the industrial products company’s stock valued at $21,050,000 after purchasing an additional 709 shares during the period. Neville Rodie & Shaw Inc. lifted its stake in shares of Rockwell Automation by 4.0% in the second quarter. Neville Rodie & Shaw Inc. now owns 4,100 shares of the industrial products company’s stock valued at $672,000 after purchasing an additional 159 shares during the period. Swedbank raised its position in Rockwell Automation by 5.4% during the second quarter. Swedbank now owns 1,044,529 shares of the industrial products company’s stock worth $171,125,000 after acquiring an additional 53,294 shares during the last quarter. Finally, Ellenbecker Investment Group acquired a new position in Rockwell Automation during the second quarter worth about $392,000. 73.09% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP John M. Miller sold 3,250 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $163.67, for a total value of $531,927.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.43% of the stock is currently owned by insiders.
Shares of NYSE ROK traded up $1.05 during midday trading on Monday, reaching $170.24. 8,648 shares of the stock were exchanged, compared to its average volume of 942,795. The company has a market capitalization of $19.47 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.32 and a beta of 1.41. Rockwell Automation has a 52-week low of $141.46 and a 52-week high of $191.48. The company has a current ratio of 1.51, a quick ratio of 1.17 and a debt-to-equity ratio of 1.68. The stock has a 50 day moving average price of $160.86 and a 200-day moving average price of $163.18.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, July 25th. The industrial products company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.11. The business 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%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.16 earnings per share. On average, analysts forecast that Rockwell Automation will post 8.61 earnings per share for the current year.
About Rockwell Automation
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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