Exxonmobil Investment Management Inc. TX lowered its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 12.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 20,433 shares of the industrial products company’s stock after selling 3,007 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Rockwell Automation were worth $4,012,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of ROK. Ameriprise Financial Inc. increased its stake in Rockwell Automation by 277.7% in the second quarter. Ameriprise Financial Inc. now owns 1,059,003 shares of the industrial products company’s stock valued at $171,517,000 after acquiring an additional 778,633 shares during the period. BlackRock Inc. increased its stake in Rockwell Automation by 7.5% in the second quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock valued at $1,570,735,000 after acquiring an additional 679,645 shares during the period. Voya Investment Management LLC increased its stake in Rockwell Automation by 741.5% in the second quarter. Voya Investment Management LLC now owns 695,922 shares of the industrial products company’s stock valued at $112,712,000 after acquiring an additional 613,225 shares during the period. Vanguard Group Inc. increased its stake in Rockwell Automation by 3.2% in the second quarter. Vanguard Group Inc. now owns 8,769,308 shares of the industrial products company’s stock valued at $1,420,278,000 after acquiring an additional 268,101 shares during the period. Finally, APG Asset Management N.V. increased its stake in Rockwell Automation by 153.3% in the third quarter. APG Asset Management N.V. now owns 326,473 shares of the industrial products company’s stock valued at $58,181,000 after acquiring an additional 197,600 shares during the period. 72.84% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Blake D. Moret sold 5,309 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $190.75, for a total value of $1,012,691.75. Following the transaction, the chief executive officer now directly owns 30,720 shares in the company, valued at $5,859,840. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Patrick P. Goris sold 527 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $190.57, for a total transaction of $100,430.39. The disclosure for this sale can be found here. Insiders sold 10,770 shares of company stock worth $2,054,871 over the last 90 days. 1.28% of the stock is currently owned by company insiders.
Rockwell Automation, Inc. (NYSE:ROK) opened at $206.14 on Friday. Rockwell Automation, Inc. has a 12-month low of $138.97 and a 12-month high of $210.72. The stock has a market cap of $26,490.00, a P/E ratio of 32.46, a PEG ratio of 2.24 and a beta of 1.23. 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 (NYSE:ROK) last announced 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 return on equity of 38.67% and a net margin of 13.08%. 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 company posted $1.52 earnings per share. Rockwell Automation’s revenue for the quarter was up 8.4% on a year-over-year basis. research analysts anticipate that Rockwell Automation, Inc. will post 7.39 EPS for the current fiscal year.
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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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