Dempze Nancy E increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 9.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,518 shares of the industrial products company’s stock after acquiring an additional 655 shares during the period. Rockwell Automation makes up about 1.9% of Dempze Nancy E’s investment portfolio, making the stock its 21st largest position. Dempze Nancy E’s holdings in Rockwell Automation were worth $1,340,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC grew its holdings in Rockwell Automation by 166.3% during the second quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after acquiring an additional 499 shares during the period. Rockefeller Financial Services Inc. acquired a new position in Rockwell Automation during the third quarter worth about $143,000. Sun Life Financial INC grew its holdings in Rockwell Automation by 8,490.9% during the second quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 934 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in Rockwell Automation during the third quarter worth about $186,000. Finally, Clarkston Capital Partners LLC acquired a new position in Rockwell Automation during the second quarter worth about $206,000. 73.61% of the stock is currently owned by hedge funds and other institutional investors.
In other Rockwell Automation news, insider Blake D. Moret sold 5,677 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $170.10, for a total value of $965,657.70. Following the completion of the sale, the insider now directly owns 21,426 shares in the company, valued at $3,644,562.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Blake D. Moret sold 3,100 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $164.88, for a total value of $511,128.00. The disclosure for this sale can be found here. Insiders sold 55,825 shares of company stock valued at $9,267,484 over the last 90 days. Corporate insiders own 1.65% of the company’s stock.
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A number of research firms recently issued reports on ROK. Zacks Investment Research raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $209.00 target price on the stock in a report on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “hold” rating and set a $183.00 target price on shares of Rockwell Automation in a report on Thursday, October 12th. Credit Suisse Group reaffirmed a “neutral” rating and set a $174.00 target price (up from $154.00) on shares of Rockwell Automation in a report on Wednesday, October 11th. Citigroup Inc. reaffirmed a “neutral” rating and set a $187.00 target price (up from $175.00) on shares of Rockwell Automation in a report on Monday, October 9th. Finally, ValuEngine cut Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $164.07.
Rockwell Automation, Inc. (ROK) traded down 1.21% during trading on Monday, reaching $186.50. The company’s stock had a trading volume of 160,645 shares. Rockwell Automation, Inc. has a 52 week low of $117.24 and a 52 week high of $189.91. The firm has a market cap of $23.94 billion, a P/E ratio of 30.08 and a beta of 1.19. The stock’s 50 day moving average is $180.32 and its 200-day moving average is $165.64.
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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