Ameriprise Financial Inc. Acquires 778,633 Shares of Rockwell Automation, Inc. (ROK)

Ameriprise Financial Inc. lifted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 277.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,059,003 shares of the industrial products company’s stock after buying an additional 778,633 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.83% of Rockwell Automation worth $171,517,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Jacobus Wealth Management Inc. purchased a new stake in shares of Rockwell Automation in the 1st quarter worth about $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Rockwell Automation by 1,700.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 680 shares during the last quarter. Clarkston Capital Partners LLC purchased a new stake in Rockwell Automation during the 2nd quarter valued at about $206,000. Appleton Group LLC purchased a new stake in Rockwell Automation during the 1st quarter valued at about $213,000. Finally, Hunter Associates Investment Management LLC purchased a new stake in Rockwell Automation during the 1st quarter valued at about $215,000. 73.66% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Keith D. Nosbusch sold 20,000 shares of Rockwell Automation stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $165.50, for a total transaction of $3,310,000.00. Following the completion of the sale, the director now owns 411,286 shares of the company’s stock, valued at $68,067,833. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Blake D. Moret sold 3,100 shares of Rockwell Automation stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $164.88, for a total value of $511,128.00. The disclosure for this sale can be found here. Insiders have sold 64,102 shares of company stock worth $10,624,471 in the last 90 days. Insiders own 1.65% of the company’s stock.

Several analysts recently commented on ROK shares. Cowen and Company increased their price objective on shares of Rockwell Automation from $125.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday, July 6th. Stifel Nicolaus reissued a “hold” rating and set a $167.00 price objective on shares of Rockwell Automation in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a research report on Tuesday, July 11th. BidaskClub raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Finally, HSBC Holdings plc reissued a “hold” rating and set a $147.00 price objective (up from $134.00) on shares of Rockwell Automation in a research report on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $152.27.

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Rockwell Automation, Inc. (NYSE:ROK) remained flat at $172.15 during trading on Friday. 158,162 shares of the stock were exchanged. The stock’s 50 day moving average is $163.89 and its 200 day moving average is $159.47. The company has a market capitalization of $22.10 billion, a price-to-earnings ratio of 27.76 and a beta of 1.16. Rockwell Automation, Inc. has a 52 week low of $113.27 and a 52 week high of $172.35.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.12. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the firm earned $1.55 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. On average, equities analysts forecast that Rockwell Automation, Inc. will post $6.75 EPS for the current fiscal year.

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.

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

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