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Nixon Peabody Trust Co. sold off a majority of its shares in Rockwell Automation amid mixed analyst ratings.
Investment firm Nixon Peabody Trust Co. significantly reduced its stake in Rockwell Automation, Inc., selling off 70.6% of its shares in the 4th quarter.
Other firms like State Street Corp and Charles Schwab Investment Management Inc. increased their stakes.
Despite mixed ratings from analysts, who gave the stock an average "Hold" rating, insiders have been selling shares, with executives selling a total of 6,540 shares worth $1,935,134 in the last quarter.
Rockwell Automation's stock has a market cap of $32.51 billion and a PE ratio of 35.80.
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Nixon Peabody Trust Co. vendió la mayoría de sus acciones en Rockwell Automation en medio de calificaciones mixtas de analistas.