Sumitomo Mitsui DS Asset Management Company Ltd Has $5.36 Million Stock Holdings in Rockwell Automation, Inc. $ROK

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd reduced its stake in Rockwell Automation by 11.5% during the second quarter, holding shares worth $5.36 million at the end of the quarter.
• Several large investors, including Quantinno Capital Management and Bank Pictet & Cie Europe AG, have made changes to their positions in Rockwell Automation, with institutional investors owning 75.75% of the company's stock.
• Rockwell Automation reported $2.82 earnings per share for the last quarter, exceeding analysts' estimates, and anticipates posting 9.35 earnings per share for the current fiscal year.

Sumitomo Mitsui DS Asset Management Company Ltd lessened its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 11.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,138 shares of the industrial products company's stock after selling 2,088 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Rockwell Automation were worth $5,361,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in Rockwell Automation during the 4th quarter valued at about $281,000. Bank Pictet & Cie Europe AG lifted its holdings in Rockwell Automation by 0.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock valued at $1,199,000 after buying an additional 38 shares during the period. Group One Trading LLC acquired a new position in shares of Rockwell Automation in the 4th quarter valued at $86,000. Quantinno Capital Management LP lifted its stake in shares of Rockwell Automation by 98.4% in the 4th quarter. Quantinno Capital Management LP now owns 4,240 shares of the industrial products company's stock valued at $1,212,000 after purchasing an additional 2,103 shares during the period. Finally, Tidal Investments LLC lifted its stake in shares of Rockwell Automation by 7.1% in the 4th quarter. Tidal Investments LLC now owns 8,997 shares of the industrial products company's stock valued at $2,571,000 after purchasing an additional 593 shares during the period. Institutional investors and hedge funds own 75.75% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wells Fargo & Company set a $345.00 target price on Rockwell Automation and gave the company an "equal weight" rating in a research note on Friday, August 8th. CICC Research initiated coverage on Rockwell Automation in a research note on Monday, July 7th. They issued an "outperform" rating and a $381.00 target price on the stock. KeyCorp increased their price target on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Wall Street Zen downgraded shares of Rockwell Automation from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Finally, Stephens reiterated an "overweight" rating and issued a $375.00 price target (up from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Rockwell Automation currently has an average rating of "Moderate Buy" and an average target price of $340.16.

Insiders Place Their Bets

In other Rockwell Automation news, VP Isaac Woods sold 250 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $350.00, for a total transaction of $87,500.00. Following the transaction, the vice president owned 1,662 shares of the company's stock, valued at $581,700. The trade was a 13.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James P. Keane sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $356.06, for a total value of $1,068,180.00. Following the transaction, the director directly owned 9,192 shares in the company, valued at $3,272,903.52. This trade represents a 24.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,922 shares of company stock valued at $11,191,812 in the last quarter. 0.68% of the stock is currently owned by corporate insiders.

Rockwell Automation Price Performance

NYSE ROK opened at $347.78 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $360.92. The company has a market capitalization of $39.10 billion, a PE ratio of 40.82, a price-to-earnings-growth ratio of 3.64 and a beta of 1.41. The firm's 50 day moving average is $346.16 and its 200-day moving average is $306.13.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.67 by $0.15. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the company earned $2.71 earnings per share. The firm's revenue was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

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.

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