Charter Trust Co. Has $2.50 Million Stake in Rockwell Automation, Inc. (ROK)

Charter Trust Co. grew its position in Rockwell Automation, Inc. (NYSE:ROK) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,722 shares of the industrial products company’s stock after purchasing an additional 755 shares during the quarter. Charter Trust Co.’s holdings in Rockwell Automation were worth $2,498,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Valeo Financial Advisors LLC acquired a new stake in Rockwell Automation during the 3rd quarter worth $131,000. Acrospire Investment Management LLC raised its stake in Rockwell Automation by 166.3% during the 2nd 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 in the last quarter. Rockefeller Financial Services Inc. acquired a new stake in Rockwell Automation during the 3rd quarter worth $143,000. Sun Life Financial INC raised its stake in Rockwell Automation by 8,490.9% during the 2nd 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 in the last quarter. Finally, Gofen & Glossberg LLC IL acquired a new stake in Rockwell Automation during the 4th quarter worth $202,000. Institutional investors and hedge funds own 72.84% of the company’s stock.

Several equities research analysts recently commented on ROK shares. Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Monday, October 2nd. Morgan Stanley reiterated an “equal weight” rating and set a $173.00 price target (up from $168.00) on shares of Rockwell Automation in a research note on Monday, October 2nd. ValuEngine lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Citigroup reiterated a “neutral” rating and set a $187.00 price target (up from $175.00) on shares of Rockwell Automation in a research note on Monday, October 9th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $174.00 price target (up from $154.00) on shares of Rockwell Automation in a research note on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $171.60.

Shares of Rockwell Automation, Inc. (NYSE:ROK) traded up $1.54 during trading on Wednesday, reaching $206.56. 742,473 shares of the company’s stock traded hands, compared to its average volume of 673,604. Rockwell Automation, Inc. has a 52 week low of $139.38 and a 52 week high of $210.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.80. The stock has a market cap of $26,540.00, a P/E ratio of 32.53, a P/E/G ratio of 2.33 and a beta of 1.23.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the business posted $1.52 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. sell-side analysts anticipate that Rockwell Automation, Inc. will post 7.39 earnings per share for the current year.

In other news, CFO Patrick P. Goris sold 145 shares of Rockwell Automation stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $192.36, for a total value of $27,892.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Steven W. Etzel sold 514 shares of Rockwell Automation stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $190.75, for a total transaction of $98,045.50. Following the completion of the sale, the vice president now directly owns 7,737 shares in the company, valued at approximately $1,475,832.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,770 shares of company stock worth $2,054,871. Insiders own 1.28% of the company’s stock.

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Rockwell Automation 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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