Public Employees Retirement System of Ohio Reduces Position in Rockwell Automation (NYSE:ROK)

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Public Employees Retirement System of Ohio trimmed its position in Rockwell Automation (NYSE:ROK) by 8.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,659 shares of the industrial products company’s stock after selling 3,700 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Rockwell Automation were worth $6,661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of Rockwell Automation by 8.0% in the first quarter. BlackRock Inc. now owns 10,676,789 shares of the industrial products company’s stock valued at $1,873,349,000 after acquiring an additional 794,460 shares during the period. TimesSquare Capital Management LLC purchased a new position in Rockwell Automation during the 2nd quarter valued at about $70,873,000. DekaBank Deutsche Girozentrale raised its position in Rockwell Automation by 117.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 425,756 shares of the industrial products company’s stock valued at $69,098,000 after purchasing an additional 230,298 shares during the last quarter. Janus Henderson Group PLC raised its position in Rockwell Automation by 504.4% during the 2nd quarter. Janus Henderson Group PLC now owns 265,245 shares of the industrial products company’s stock valued at $43,454,000 after purchasing an additional 221,357 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd raised its position in Rockwell Automation by 2,378.9% during the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 215,193 shares of the industrial products company’s stock valued at $37,757,000 after purchasing an additional 206,512 shares during the last quarter. Institutional investors own 72.99% of the company’s stock.

In related news, VP John M. Miller sold 3,250 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $163.67, for a total value of $531,927.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Blake D. Moret sold 297 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $161.53, for a total value of $47,974.41. The disclosure for this sale can be found here. 1.43% of the stock is currently owned by company insiders.

Shares of ROK stock traded down $3.18 during mid-day trading on Wednesday, reaching $160.69. 28,670 shares of the company’s stock traded hands, compared to its average volume of 728,323. Rockwell Automation has a 12 month low of $141.46 and a 12 month high of $198.23. The company has a market cap of $18.95 billion, a P/E ratio of 19.83, a P/E/G ratio of 2.40 and a beta of 1.41. The company has a quick ratio of 1.17, a current ratio of 1.51 and a debt-to-equity ratio of 1.68. The company’s 50-day moving average price is $154.80 and its 200-day moving average price is $165.80.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, July 25th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.29 by $0.11. Rockwell Automation had a net margin of 15.44% and a return on equity of 78.71%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the business earned $2.16 EPS. Rockwell Automation’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities analysts predict that Rockwell Automation will post 8.63 earnings per share for the current year.

A number of brokerages have recently weighed in on ROK. JPMorgan Chase & Co. set a $154.00 target price on Rockwell Automation and gave the company a “hold” rating in a research note on Friday, July 19th. Citigroup dropped their price target on Rockwell Automation from $184.00 to $181.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Zacks Investment Research upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $168.00 price target on the stock in a report on Thursday, July 18th. Gordon Haskett downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Gabelli upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Wednesday, May 29th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $173.33.

Rockwell Automation Profile

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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

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