Vaughan Nelson Investment Management L.P. Trims Position in Rockwell Automation, Inc. $ROK

Vaughan Nelson Investment Management L.P. trimmed its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 19.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,456 shares of the industrial products company's stock after selling 24,509 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.09% of Rockwell Automation worth $32,704,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ROK. Citizens National Bank Trust Department acquired a new stake in Rockwell Automation during the 1st quarter worth $26,000. Financial Gravity Asset Management Inc. acquired a new stake in Rockwell Automation during the 1st quarter worth $31,000. IMA Advisory Services Inc. acquired a new stake in Rockwell Automation during the 1st quarter worth $32,000. Cooksen Wealth LLC acquired a new stake in Rockwell Automation during the 1st quarter worth $34,000. Finally, Legend Financial Advisors Inc. acquired a new stake in Rockwell Automation during the 2nd quarter worth $39,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Terry L. Riesterer sold 2,100 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $350.08, for a total value of $735,168.00. Following the completion of the sale, the vice president owned 1,033 shares in the company, valued at approximately $361,632.64. The trade was a 67.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Isaac Woods sold 365 shares of the business's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $348.44, for a total value of $127,180.60. Following the completion of the sale, the vice president owned 1,691 shares of the company's stock, valued at approximately $589,212.04. This represents a 17.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,922 shares of company stock valued at $11,191,812 over the last three months. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Stock Up 0.1%

Shares of NYSE:ROK opened at $349.05 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. The firm has a market capitalization of $39.24 billion, a PE ratio of 40.97, a price-to-earnings-growth ratio of 3.14 and a beta of 1.41. The firm's 50-day moving average is $344.60 and its two-hundred day moving average is $311.65. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $360.92.

Rockwell Automation (NYSE:ROK - Get Free Report) 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. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the company posted $2.71 earnings per share. The business's revenue for the quarter was up 4.5% on a year-over-year basis. Analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on ROK shares. Barclays lifted their target price on shares of Rockwell Automation from $357.00 to $370.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Rockwell Automation in a report on Saturday, September 27th. Citigroup reiterated a "buy" rating and set a $392.00 price target (up previously from $371.00) on shares of Rockwell Automation in a report on Monday, July 14th. Wells Fargo & Company set a $345.00 price target on Rockwell Automation and gave the stock an "equal weight" rating in a report on Friday, August 8th. Finally, CICC Research assumed coverage on Rockwell Automation in a report on Monday, July 7th. They set an "outperform" rating and a $381.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $340.16.

Rockwell Automation Profile

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.

Want to see what other hedge funds are holding ROK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Automation, Inc. (NYSE:ROK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.