Rockwell Automation, Inc. (ROK) Holdings Cut by Chelsea Counsel Co.

Chelsea Counsel Co. decreased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 13.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,926 shares of the industrial products company’s stock after selling 4,170 shares during the period. Rockwell Automation makes up about 2.7% of Chelsea Counsel Co.’s holdings, making the stock its 12th biggest position. Chelsea Counsel Co.’s holdings in Rockwell Automation were worth $5,091,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ROK. BlackRock Inc. grew its holdings in shares of Rockwell Automation by 7.5% in the 2nd quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock worth $1,570,735,000 after acquiring an additional 679,645 shares during the period. Vanguard Group Inc. grew its holdings in shares of Rockwell Automation by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 8,769,308 shares of the industrial products company’s stock worth $1,420,278,000 after acquiring an additional 268,101 shares during the period. Lazard Asset Management LLC grew its holdings in shares of Rockwell Automation by 0.5% in the 2nd quarter. Lazard Asset Management LLC now owns 2,308,357 shares of the industrial products company’s stock worth $373,861,000 after acquiring an additional 11,384 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Rockwell Automation by 47.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,558,748 shares of the industrial products company’s stock worth $277,788,000 after acquiring an additional 499,745 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of Rockwell Automation by 12.8% in the 3rd quarter. Wells Fargo & Company MN now owns 1,509,470 shares of the industrial products company’s stock worth $269,003,000 after acquiring an additional 171,598 shares during the period. Institutional investors own 72.84% of the company’s stock.

In other Rockwell Automation news, CEO Blake D. Moret sold 5,309 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $190.75, for a total transaction of $1,012,691.75. Following the transaction, the chief executive officer now owns 30,720 shares of the company’s stock, valued at approximately $5,859,840. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lawrence D. Kingsley purchased 375 shares of Rockwell Automation stock in a transaction on Sunday, November 12th. The shares were acquired at an average cost of $104.00 per share, for a total transaction of $39,000.00. Following the purchase, the director now owns 5,421 shares in the company, valued at $563,784. The disclosure for this purchase can be found here. In the last three months, insiders have sold 10,770 shares of company stock worth $2,054,871. Corporate insiders own 1.28% of the company’s stock.

A number of equities research analysts recently weighed in on ROK shares. Wolfe Research upgraded Rockwell Automation from a “market perform” rating to an “outperform” rating in a report on Monday, November 20th. Oppenheimer restated a “hold” rating on shares of Rockwell Automation in a report on Thursday, November 9th. Zacks Investment Research cut Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Daiwa Capital Markets started coverage on Rockwell Automation in a research note on Wednesday, December 20th. They issued a “neutral” rating and a $199.00 target price on the stock. Finally, ValuEngine lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. Rockwell Automation currently has a consensus rating of “Hold” and an average target price of $171.60.

Rockwell Automation, Inc. (NYSE ROK) traded up $1.80 during mid-day trading on Friday, reaching $207.92. The company had a trading volume of 497,236 shares, compared to its average volume of 709,265. Rockwell Automation, Inc. has a 12-month low of $138.97 and a 12-month high of $210.72. The company has a current ratio of 2.06, a quick ratio of 1.80 and a debt-to-equity ratio of 0.47. The stock has a market cap of $26,720.00, a price-to-earnings ratio of 32.74, a P/E/G ratio of 2.24 and a beta of 1.23.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.03). Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the company posted $1.52 EPS. Rockwell Automation’s quarterly revenue was up 8.4% compared to the same quarter last year. analysts anticipate that Rockwell Automation, Inc. will post 7.39 EPS for the current year.

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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.

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

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