Rockwell Automation, Inc. (ROK) Position Lowered by California State Teachers Retirement System

California State Teachers Retirement System reduced its stake in Rockwell Automation, Inc. (NYSE:ROK) by 8.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 237,813 shares of the industrial products company’s stock after selling 22,430 shares during the quarter. California State Teachers Retirement System owned about 0.19% of Rockwell Automation worth $38,516,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Acrospire Investment Management LLC lifted its stake in shares of Rockwell Automation by 166.3% in 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. Sun Life Financial INC lifted its stake in shares of Rockwell Automation by 8,490.9% in 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. Clarkston Capital Partners LLC acquired a new position in shares of Rockwell Automation in the second quarter worth approximately $206,000. Greenwood Capital Associates LLC acquired a new position in shares of Rockwell Automation in the second quarter worth approximately $218,000. Finally, Syntal Capital Partners LLC acquired a new position in shares of Rockwell Automation in the second quarter worth approximately $225,000. 73.61% of the stock is currently owned by institutional investors.

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In other news, insider Blake D. Moret sold 1,723 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $170.06, for a total value of $293,013.38. Following the completion of the transaction, the insider now owns 22,849 shares in the company, valued at approximately $3,885,700.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Blake D. Moret sold 5,677 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $170.10, for a total value of $965,657.70. Following the completion of the transaction, the insider now owns 21,426 shares of the company’s stock, valued at approximately $3,644,562.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,825 shares of company stock valued at $10,917,484. 1.65% of the stock is currently owned by company insiders.

Shares of Rockwell Automation, Inc. (ROK) traded up 0.96% during midday trading on Friday, reaching $186.28. The company’s stock had a trading volume of 141,717 shares. The company has a market capitalization of $23.91 billion, a P/E ratio of 30.04 and a beta of 1.19. Rockwell Automation, Inc. has a 12-month low of $115.36 and a 12-month high of $186.28. The company’s 50-day moving average price is $172.91 and its 200 day moving average price is $163.13.

Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.12. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 EPS. On average, equities research analysts forecast that Rockwell Automation, Inc. will post $6.77 earnings per share for the current year.

A number of research firms recently commented on ROK. ValuEngine lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $183.00 price objective on shares of Rockwell Automation in a research note on Thursday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $173.00 price objective (up from $168.00) on shares of Rockwell Automation in a research note on Monday, October 2nd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $174.00 price objective (up from $154.00) on shares of Rockwell Automation in a research note on Wednesday. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $187.00 price objective (up from $175.00) on shares of Rockwell Automation in a research note on Monday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $163.43.

Rockwell Automation Company 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.

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

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