Swiss National Bank Sells 1,000 Shares of Rockwell Automation (ROK)

Swiss National Bank decreased its holdings in shares of Rockwell Automation (NYSE:ROK) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 473,336 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Swiss National Bank owned about 0.37% of Rockwell Automation worth $92,940,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. California Public Employees Retirement System boosted its stake in Rockwell Automation by 5.0% during the 4th quarter. California Public Employees Retirement System now owns 351,254 shares of the industrial products company’s stock worth $68,969,000 after acquiring an additional 16,715 shares during the last quarter. M&T Bank Corp boosted its stake in Rockwell Automation by 9.1% during the 4th quarter. M&T Bank Corp now owns 19,925 shares of the industrial products company’s stock worth $3,913,000 after acquiring an additional 1,656 shares during the last quarter. Community Bank N.A. boosted its stake in Rockwell Automation by 15.8% during the 4th quarter. Community Bank N.A. now owns 2,267 shares of the industrial products company’s stock worth $445,000 after acquiring an additional 310 shares during the last quarter. Shelton Capital Management bought a new position in Rockwell Automation during the 4th quarter worth approximately $252,000. Finally, Bridgecreek Investment Management LLC boosted its stake in Rockwell Automation by 16.0% during the 4th quarter. Bridgecreek Investment Management LLC now owns 26,005 shares of the industrial products company’s stock worth $5,106,000 after acquiring an additional 3,590 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

In other news, VP John M. Miller sold 4,431 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $187.77, for a total value of $832,008.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Keith D. Nosbusch sold 10,500 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $203.00, for a total value of $2,131,500.00. Following the completion of the transaction, the director now directly owns 430,199 shares of the company’s stock, valued at approximately $87,330,397. The disclosure for this sale can be found here. Insiders sold 118,397 shares of company stock valued at $22,666,808 in the last three months. Company insiders own 1.28% of the company’s stock.

Shares of Rockwell Automation (NYSE:ROK) opened at $185.56 on Tuesday. Rockwell Automation has a 52-week low of $148.31 and a 52-week high of $210.72. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.73. The stock has a market cap of $23,711.60, a PE ratio of 26.66, a PEG ratio of 2.09 and a beta of 1.17.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.22. Rockwell Automation had a net margin of 5.85% and a return on equity of 39.45%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the prior year, the business posted $1.75 earnings per share. Rockwell Automation’s revenue was up 6.5% compared to the same quarter last year. sell-side analysts forecast that Rockwell Automation will post 7.79 EPS for the current year.

Rockwell Automation declared that its board has initiated a stock buyback plan on Wednesday, January 24th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Tuesday, February 20th will be issued a $0.835 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.80%. Rockwell Automation’s dividend payout ratio (DPR) is currently 117.19%.

A number of brokerages have weighed in on ROK. UBS Group began coverage on shares of Rockwell Automation in a research note on Monday, January 22nd. They issued a “buy” rating on the stock. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $224.00 price target on the stock in a research note on Monday, January 29th. Morgan Stanley lifted their price objective on shares of Rockwell Automation from $194.00 to $206.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th. Barclays initiated coverage on shares of Rockwell Automation in a report on Thursday, February 15th. They issued an “equal weight” rating and a $200.00 price objective on the stock. Finally, ValuEngine downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $185.00.

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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.

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

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