Massmutual Trust Co. FSB ADV Lowers Position in Rockwell Automation (ROK)

Massmutual Trust Co. FSB ADV decreased its holdings in Rockwell Automation (NYSE:ROK) by 22.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,224 shares of the industrial products company’s stock after selling 2,403 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Rockwell Automation were worth $1,367,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ROK. Centaurus Financial Inc. purchased a new stake in shares of Rockwell Automation in the second quarter valued at approximately $103,000. AdvisorNet Financial Inc grew its position in shares of Rockwell Automation by 262.2% in the second quarter. AdvisorNet Financial Inc now owns 670 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 485 shares in the last quarter. Fort L.P. purchased a new stake in shares of Rockwell Automation in the second quarter valued at approximately $117,000. Wealthcare Advisory Partners LLC grew its position in shares of Rockwell Automation by 333.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 676 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 520 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Rockwell Automation in the first quarter valued at approximately $139,000. 76.68% of the stock is owned by institutional investors.

In other Rockwell Automation news, VP Susan Schmitt sold 4,500 shares of the firm’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $175.02, for a total value of $787,590.00. Following the sale, the vice president now directly owns 15,967 shares in the company, valued at $2,794,544.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Steven W. Etzel sold 1,400 shares of the firm’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $187.68, for a total value of $262,752.00. Following the completion of the sale, the vice president now owns 8,668 shares in the company, valued at $1,626,810.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,433 shares of company stock worth $2,086,894. Insiders own 1.28% of the company’s stock.

Shares of NYSE ROK traded up $2.19 during mid-day trading on Friday, hitting $172.79. The company had a trading volume of 1,256,652 shares, compared to its average volume of 1,044,202. The stock has a market cap of $23.10 billion, a P/E ratio of 25.56, a PEG ratio of 2.01 and a beta of 1.21. The company has a current ratio of 1.93, a quick ratio of 1.60 and a debt-to-equity ratio of 0.85. Rockwell Automation has a 1-year low of $155.81 and a 1-year high of $210.72.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.12. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Rockwell Automation had a return on equity of 48.24% and a net margin of 5.97%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $1.76 earnings per share. On average, equities analysts forecast that Rockwell Automation will post 8.01 EPS for the current fiscal year.

Rockwell Automation announced that its board has authorized a share buyback plan on Thursday, September 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to purchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Several research analysts recently weighed in on the company. UBS Group lowered their price objective on Rockwell Automation from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Thursday, August 30th. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $202.00 price objective for the company in a research report on Friday, August 3rd. ValuEngine upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Friday, September 21st. Gordon Haskett assumed coverage on Rockwell Automation in a research report on Friday. They issued a “buy” rating for the company. Finally, Morgan Stanley increased their price objective on Rockwell Automation from $187.00 to $192.00 and gave the stock an “equal weight” rating in a research report on Friday, July 27th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. Rockwell Automation currently has a consensus rating of “Hold” and a consensus price target of $184.92.

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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