Natixis lowered its position in Rockwell Automation (NYSE:ROK) by 91.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,628 shares of the industrial products company’s stock after selling 212,876 shares during the quarter. Natixis’ holdings in Rockwell Automation were worth $3,379,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ROK. Coastal Capital Group Inc. acquired a new position in Rockwell Automation in the 2nd quarter worth $25,000. Zions Bancorporation N.A. acquired a new position in Rockwell Automation in the 1st quarter worth $26,000. TCG Advisors LP acquired a new position in Rockwell Automation in the 1st quarter worth $29,000. Thor Advisors LLC acquired a new position in Rockwell Automation in the 1st quarter worth $29,000. Finally, Capital Advisors Ltd. LLC lifted its holdings in Rockwell Automation by 426.5% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 179 shares of the industrial products company’s stock worth $29,000 after buying an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 72.99% of the company’s stock.

Shares of NYSE:ROK traded up $2.81 during trading on Friday, reaching $168.95. 464,043 shares of the company’s stock traded hands, compared to its average volume of 721,060. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.51 and a quick ratio of 1.17. Rockwell Automation has a 12 month low of $141.46 and a 12 month high of $198.23. The company has a 50 day moving average of $154.73 and a 200-day moving average of $165.71. The stock has a market capitalization of $19.17 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 2.42 and a beta of 1.41.

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

Several research firms have recently weighed in on ROK. Citigroup dropped their target price on shares of Rockwell Automation from $184.00 to $181.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. JPMorgan Chase & Co. set a $154.00 target price on shares of Rockwell Automation and gave the stock a “hold” rating in a research report on Friday, July 19th. Morgan Stanley dropped their target price on shares of Rockwell Automation from $159.00 to $144.00 and set an “underweight” rating for the company in a research report on Friday, June 14th. Gordon Haskett downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Gabelli raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Wednesday, May 29th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. Rockwell Automation has a consensus rating of “Hold” and an average price target of $173.33.

In related news, insider Blake D. Moret sold 297 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $161.53, for a total transaction of $47,974.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP John M. Miller sold 3,250 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $163.67, for a total transaction of $531,927.50. The disclosure for this sale can be found here. 1.43% of the stock is owned by corporate insiders.

About Rockwell Automation

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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