Sicart Associates LLC Takes Position in Rockwell Automation (NYSE:ROK)

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.

ROK has been the subject of a number of research reports. Citigroup cut their target price on shares of Rockwell Automation from $180.00 to $174.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Zacks Investment Research cut shares of Rockwell Automation from a “hold” rating to a “sell” rating and set a $177.00 target price for the company. in a research report on Wednesday, October 16th. Longbow Research restated a “hold” rating on shares of Rockwell Automation in a research report on Tuesday, September 17th. Barclays restated a “hold” rating and set a $159.00 target price on shares of Rockwell Automation in a research report on Friday, October 4th. Finally, Wells Fargo & Co cut shares of Rockwell Automation from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $185.00 to $165.00 in a research report on Monday, September 30th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $171.36.

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

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