Royal Bank Cuts Stake in Rockwell Automation Amid Shifts in Institutional Ownership

Royal Bank of Canada significantly reduced its stake in Rockwell Automation by selling 296,705 shares during the first quarter. This represents a 39% decrease from its previous holding, according to a recent disclosure with the Securities and Exchange Commission.

The institutional investor owned approximately 464,229 shares after the sale, which accounts for about 0.42% of Rockwell Automation's total shares outstanding. The value of Royal Bank of Canada's stake in Rockwell Automation is around $166,603,000 as per its latest filing with the SEC.

This news comes amidst other institutional investors making changes to their positions in Rockwell Automation. Rokos Capital Management LLP acquired a new stake in the company worth approximately $3,936,000 during the same period, while Evelyn Partners Investment Management LLP boosted its position by 145.3% and Evelyn Partners Investment Management Services Ltd increased its holding by 6.0%.