UBS Adjusts Rockwell Automation Outlook from Buy to Neutral
On November 13, 2024, UBS downgraded Rockwell Automation (WBAG:ROK) from Buy to Neutral.
Fund Sentiment Overview
A total of 1,952 funds or institutions currently hold positions in Rockwell Automation. This marks a decrease of 36 owners, or 1.81%, over the last quarter. The average portfolio weight for all funds invested in ROK is now 0.23%, which reflects an increase of 4.78%. Additionally, institutional ownership rose by 10.59% over the past three months, totaling 108,736,000 shares.
BlackRock owns 9,057,000 shares, accounting for 7.98% of Rockwell Automation.
Price T Rowe Associates holds 5,986,000 shares, representing a 5.28% ownership interest in the company. This is an increase from their prior filing, where they reported 5,533,000 shares, demonstrating a growth of 7.56%. However, their portfolio allocation in ROK decreased by 0.20% over the last quarter.
Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) has increased its holdings slightly to 3,607,000 shares, indicating 3.18% ownership. This is a modest rise from 3,594,000 shares in their last report, an increase of 0.35%. Yet, their allocation in ROK was decreased by 7.79% in the previous quarter.
Vanguard 500 Index Fund Investor Shares (VFINX) now holds 2,926,000 shares, representing 2.58% ownership. Previously, they reported 2,888,000 shares, which is a 1.30% increase; nonetheless, they reduced their allocation in ROK by 9.37% during the last quarter.
Geode Capital Management owns 2,683,000 shares, holding 2.36% of the company. This also shows growth from their previous holding of 2,669,000 shares, a 0.52% increase, despite a significant 52.65% reduction in their portfolio allocation for ROK recently.
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