Advisors Asset Management Inc. lowered its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 9.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,816 shares of the industrial products company’s stock after selling 9,370 shares during the period. Advisors Asset Management Inc. owned 0.07% of Rockwell Automation worth $15,115,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Acrospire Investment Management LLC increased its stake in shares of Rockwell Automation by 166.3% during the second quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 499 shares during the period. Rockefeller Financial Services Inc. bought a new position in shares of Rockwell Automation during the third quarter worth approximately $143,000. Sun Life Financial INC increased its stake in shares of Rockwell Automation by 8,490.9% during the second quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after purchasing an additional 934 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in shares of Rockwell Automation during the third quarter worth approximately $186,000. Finally, Northstar Wealth Partners LLC bought a new position in shares of Rockwell Automation during the third quarter worth approximately $202,000. Institutional investors own 72.90% of the company’s stock.
In related news, insider Blake D. Moret sold 1,723 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $170.06, for a total transaction of $293,013.38. Following the sale, the insider now owns 22,849 shares of the company’s stock, valued at approximately $3,885,700.94. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Blake D. Moret sold 5,677 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $170.10, for a total value of $965,657.70. Following the sale, the insider now directly owns 21,426 shares in the company, valued at approximately $3,644,562.60. The disclosure for this sale can be found here. Company insiders own 1.65% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Morgan Stanley reissued an “equal weight” rating and set a $173.00 price target (up previously from $168.00) on shares of Rockwell Automation in a research report on Monday, October 2nd. Citigroup Inc. increased their price target on Rockwell Automation from $187.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Rockwell Automation in a research report on Friday, August 18th. Zacks Investment Research downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Cowen and Company reissued a “hold” rating and set a $140.00 price target on shares of Rockwell Automation in a research report on Sunday, September 17th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $165.00.
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Shares of Rockwell Automation, Inc. (NYSE:ROK) traded up $4.88 during mid-day trading on Friday, hitting $193.61. The company’s stock had a trading volume of 2,377,900 shares, compared to its average volume of 868,135. The firm has a market cap of $24,990.00, a P/E ratio of 27.96, a PEG ratio of 2.16 and a beta of 1.24. Rockwell Automation, Inc. has a 52-week low of $129.66 and a 52-week high of $210.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.00 and a current ratio of 3.46.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($0.03). Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the business earned $1.52 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. analysts expect that Rockwell Automation, Inc. will post 7.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be issued a dividend of $0.835 per share. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.34 annualized dividend and a dividend yield of 1.73%. Rockwell Automation’s dividend payout ratio (DPR) is 52.52%.
Rockwell Automation Company Profile
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
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