Chicago Equity Partners LLC cut its position in shares of Rockwell Automation Inc. (NYSE:ROK) by 27.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,250 shares of the industrial products company’s stock after selling 38,560 shares during the quarter. Rockwell Automation comprises 0.6% of Chicago Equity Partners LLC’s investment portfolio, making the stock its 28th biggest holding. Chicago Equity Partners LLC owned approximately 0.08% of Rockwell Automation worth $18,400,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC lifted its holdings 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 valued at $129,000 after purchasing an additional 499 shares in the last quarter. Rockefeller Financial Services Inc. bought a new position in shares of Rockwell Automation during the third quarter valued at $143,000. Sun Life Financial INC lifted its holdings 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 valued at $153,000 after purchasing an additional 934 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Rockwell Automation during the third quarter valued at $186,000. Finally, Foundry Partners LLC bought a new position in shares of Rockwell Automation during the third quarter valued at $200,000. Institutional investors own 73.12% of the company’s stock.
In other Rockwell Automation news, insider Blake D. Moret sold 5,677 shares of Rockwell Automation stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $170.10, for a total transaction of $965,657.70. Following the completion of the sale, the insider now owns 21,426 shares of the company’s stock, valued at approximately $3,644,562.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Blake D. Moret sold 1,723 shares of Rockwell Automation stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $170.06, for a total value of $293,013.38. Following the transaction, the insider now owns 22,849 shares of the company’s stock, valued at approximately $3,885,700.94. The disclosure for this sale can be found here. Company insiders own 1.65% of the company’s stock.
A number of research firms recently commented on ROK. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Rockwell Automation in a research report on Friday, August 18th. BidaskClub cut Rockwell Automation from a “hold” rating to a “sell” rating in a research report on Sunday, July 30th. cut Rockwell Automation from a “hold” rating to a “reduce” rating in a research report on Thursday, November 2nd. Morgan Stanley reiterated an “equal weight” rating and set a $173.00 price objective (up previously from $168.00) on shares of Rockwell Automation in a research report on Monday, October 2nd. Finally, Zacks Investment Research cut Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $165.00.
Shares of Rockwell Automation Inc. (ROK) opened at $193.02 on Wednesday. The firm has a market capitalization of $24,980.00, a P/E ratio of 28.79, a PEG ratio of 2.23 and a beta of 1.24. Rockwell Automation Inc. has a fifty-two week low of $129.66 and a fifty-two week high of $210.72. The company has a quick ratio of 1.80, a current ratio of 2.06 and a debt-to-equity ratio of 0.47.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.03). Rockwell Automation had a return on equity of 34.02% and a net margin of 12.27%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the business earned $1.52 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. research analysts anticipate that Rockwell Automation Inc. will post 7.39 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be issued a $0.835 dividend. The ex-dividend date is Friday, November 10th. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.76. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.73%. Rockwell Automation’s dividend payout ratio (DPR) is currently 52.52%.
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Rockwell Automation 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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