Rockwell Automation Inc (NYSE:ROK).
Baird Financial Group, Inc. reports that it lowered its investment in Rockwell Automation Inc shares by 6,876 shares in a 13F filing with the SEC. Its investment stood at $38,972,000 an increase of $2,440,000 as of the end of the quarter.
Several firms have updated their holdings. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS bolstered its position by buying 867 shares an increase of 9.1%. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS controls 10,439 shares valued at $1,860,000. The value of the position overall is up by 20.0%. Tredje Ap-fonden augmented its stake by buying 60 shares an increase of 0.5% in the quarter. Tredje Ap-fonden claims 13,082 shares worth $2,331,000. The total value of its holdings increased 10.5%.
As of quarter end Raymond James & Associates had sold a total of 8,650 shares trimming its holdings by 14.5%. The value of the company’s investment in Rockwell Automation Inc decreased from $9,668,000 to $9,096,000 a change of 5.9% quarter to quarter.
Citigroup raised the price target on November 10 changing the forecast from $187.00 to $200.00 with a rating of “Neutral”. On November 9, 2017 Oppenheimer Holdings reiterated a “Hold” rating on the company.
On October 12 Stifel Nicolaus left the stock rating at “Hold” targeting a price of $183.00.
October 11 investment analysts at Credit Suisse Group made no change to the stock rating of “Neutral” with a current price target of $174.00. October 9 investment analysts at Citigroup maintained a stock rating of “Neutral” projecting a price of $187.00.
The company is so far trading down by 1.68% percent from yesterday’s close. The company currently has a P/E ratio of 29.66 and market cap is 24.17B. In the last earnings report the EPS was $6.35 with 128.40M shares outstanding.
Traders are a little more bullish on the company lately if you consider the fall in short interest. The firm had a fall in short interest from September 29, 2017 to October 13, 2017 of -2.38%. Short interest fell from 1,946,697 to 1,900,336 over that timeframe. Days to cover decreased from 4.0 to 4.0 and the percentage of shorted shares was 0.01% on October 13.