Whittier Trust Co. Has $657,000 Position in Rockwell Automation, Inc. $ROK

Whittier Trust Co. boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 5.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,979 shares of the industrial products company’s stock after purchasing an additional 103 shares during the quarter. Whittier Trust Co.’s holdings in Rockwell Automation were worth $657,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ROK. Robeco Institutional Asset Management B.V. raised its stake in Rockwell Automation by 720.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 399,309 shares of the industrial products company’s stock worth $132,638,000 after acquiring an additional 350,662 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in Rockwell Automation during the first quarter worth $73,908,000. Nuveen LLC acquired a new position in Rockwell Automation during the first quarter worth $63,632,000. Raymond James Financial Inc. raised its stake in Rockwell Automation by 213.7% during the first quarter. Raymond James Financial Inc. now owns 357,080 shares of the industrial products company’s stock worth $92,263,000 after acquiring an additional 243,249 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Rockwell Automation by 1,950.4% during the second quarter. Assenagon Asset Management S.A. now owns 202,788 shares of the industrial products company’s stock worth $67,360,000 after acquiring an additional 192,898 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. CICC Research assumed coverage on Rockwell Automation in a research note on Monday, July 7th. They set an “outperform” rating and a $381.00 price objective for the company. Bank of America raised Rockwell Automation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $360.00 to $410.00 in a report on Wednesday, July 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a report on Wednesday, October 8th. KeyCorp boosted their target price on shares of Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $347.94.

Rockwell Automation Price Performance

Shares of ROK stock opened at $356.97 on Friday. The stock has a 50-day moving average price of $345.52 and a 200 day moving average price of $320.44. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. The firm has a market cap of $40.13 billion, a price-to-earnings ratio of 41.90, a PEG ratio of 3.14 and a beta of 1.41. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $360.92.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.15. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.07 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The company’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $2.71 earnings per share. Research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Insider Transactions at Rockwell Automation

In related news, SVP Cyril Perducat sold 1,435 shares of Rockwell Automation stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $348.08, for a total value of $499,494.80. Following the completion of the sale, the senior vice president directly owned 3,787 shares in the company, valued at $1,318,178.96. This trade represents a 27.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Isaac Woods sold 250 shares of Rockwell Automation stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $350.00, for a total value of $87,500.00. Following the completion of the sale, the vice president owned 1,662 shares of the company’s stock, valued at approximately $581,700. The trade was a 13.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,553 shares of company stock valued at $10,361,079 in the last three months. Company insiders own 0.68% of the company’s stock.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.