Rockwell Automation, Inc. (ROK) Position Raised by Spectrum Management Group Inc.

Spectrum Management Group Inc. boosted its stake in Rockwell Automation, Inc. (NYSE:ROK) by 6.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,780 shares of the industrial products company’s stock after purchasing an additional 750 shares during the quarter. Rockwell Automation comprises 0.7% of Spectrum Management Group Inc.’s portfolio, making the stock its 24th largest position. Spectrum Management Group Inc.’s holdings in Rockwell Automation were worth $2,278,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in ROK. NN Investment Partners Holdings N.V. grew its holdings in Rockwell Automation by 132.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 5,452 shares of the industrial products company’s stock valued at $883,000 after purchasing an additional 3,103 shares during the period. State of Alaska Department of Revenue grew its holdings in Rockwell Automation by 5.8% in the second quarter. State of Alaska Department of Revenue now owns 1,651 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 90 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Rockwell Automation by 60.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 50,449 shares of the industrial products company’s stock worth $8,171,000 after buying an additional 19,000 shares during the period. LS Investment Advisors LLC grew its stake in Rockwell Automation by 2.6% during the second quarter. LS Investment Advisors LLC now owns 5,089 shares of the industrial products company’s stock worth $824,000 after buying an additional 130 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Rockwell Automation by 14.2% during the second quarter. Nisa Investment Advisors LLC now owns 35,851 shares of the industrial products company’s stock worth $5,792,000 after buying an additional 4,449 shares during the period. Hedge funds and other institutional investors own 72.90% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Rockwell Automation, Inc. (ROK) Position Raised by Spectrum Management Group Inc.” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.dispatchtribunal.com/2017/11/17/rockwell-automation-inc-rok-position-raised-by-spectrum-management-group-inc.html.

Several research firms have issued reports on ROK. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Rockwell Automation in a research note on Friday, August 18th. BidaskClub downgraded shares of Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Sunday, July 30th. downgraded shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a research note on Thursday, November 2nd. Zacks Investment Research downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $173.00 price objective (up from $168.00) on shares of Rockwell Automation in a research note on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $165.00.

Rockwell Automation, Inc. (ROK) traded up $4.88 on Friday, reaching $193.61. 2,377,900 shares of the company traded hands, compared to its average volume of 868,135. The firm has a market capitalization of $24,930.00, a PE ratio of 27.96, a PEG ratio of 2.16 and a beta of 1.24. The company has a quick ratio of 3.00, a current ratio of 3.46 and a debt-to-equity ratio of 0.47. Rockwell Automation, Inc. has a 1 year low of $129.66 and a 1 year high of $210.72.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.03). The company had revenue of $1.67 billion during 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 revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.52 earnings per share. sell-side analysts predict that Rockwell Automation, Inc. will post 7.39 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be issued a $0.835 dividend. The ex-dividend date of this dividend is Friday, November 10th. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.76. This represents a $3.34 annualized dividend and a yield of 1.73%. Rockwell Automation’s dividend payout ratio is currently 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. Corporate insiders own 1.65% of the company’s stock.

About Rockwell Automation

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)

Receive News & Ratings for Rockwell Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply