Russell Investments Group Ltd. Reduces Position in Rockwell Automation, Inc. (ROK)

Russell Investments Group Ltd. decreased its position in Rockwell Automation, Inc. (NYSE:ROK) by 8.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,608 shares of the industrial products company’s stock after selling 17,210 shares during the period. Russell Investments Group Ltd. owned 0.14% of Rockwell Automation worth $31,293,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Acrospire Investment Management LLC lifted its holdings in Rockwell Automation by 166.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after buying an additional 499 shares in the last quarter. Rockefeller Financial Services Inc. acquired a new stake in Rockwell Automation during the 3rd quarter worth approximately $143,000. Sun Life Financial INC lifted its holdings in Rockwell Automation by 8,490.9% during the 2nd quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after buying an additional 934 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Rockwell Automation during the 3rd quarter worth approximately $186,000. Finally, Northstar Wealth Partners LLC acquired a new stake in Rockwell Automation during the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.

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Shares of Rockwell Automation, Inc. (NYSE ROK) opened at $191.02 on Thursday. Rockwell Automation, Inc. has a twelve month low of $129.66 and a twelve month high of $210.72. The company has a market cap of $24,290.00, a PE ratio of 28.60, a PEG ratio of 2.21 and a beta of 1.24. The company has a current ratio of 2.06, a quick ratio of 1.80 and a debt-to-equity ratio of 0.47.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.03). The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $1.52 earnings per share. research analysts predict that Rockwell Automation, Inc. will post 7.4 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be given a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 1.75%. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, November 10th. Rockwell Automation’s payout ratio is 52.52%.

In related news, insider Blake D. Moret sold 5,677 shares of the company’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 of the company’s stock, valued at $3,644,562.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Blake D. Moret sold 1,723 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $170.06, for a total transaction of $293,013.38. Following the completion of the sale, the insider now directly owns 22,849 shares in the company, valued at $3,885,700.94. The disclosure for this sale can be found here. Insiders own 1.65% of the company’s stock.

ROK has been the topic of a number of recent analyst reports. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Monday. Wolfe Research raised shares of Rockwell Automation from a “market perform” rating to an “outperform” rating in a research report on Monday. Zacks Investment Research downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Citigroup Inc. increased their target price on shares of Rockwell Automation from $187.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Finally, downgraded shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a research report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. Rockwell Automation presently has a consensus rating of “Hold” and a consensus target price of $165.00.

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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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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