Envestnet Asset Management Inc. reduced its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 13.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,851 shares of the industrial products company’s stock after selling 4,014 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Rockwell Automation were worth $4,603,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board grew its stake in shares of Rockwell Automation by 0.5% in the third quarter. Canada Pension Plan Investment Board now owns 231,974 shares of the industrial products company’s stock valued at $41,340,000 after buying an additional 1,219 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Rockwell Automation in the third quarter valued at $186,000. Frontier Investment Mgmt Co. bought a new position in shares of Rockwell Automation in the second quarter valued at $620,000. Oregon Public Employees Retirement Fund grew its stake in shares of Rockwell Automation by 11.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 56,252 shares of the industrial products company’s stock valued at $10,025,000 after buying an additional 5,803 shares in the last quarter. Finally, Oakbrook Investments LLC grew its stake in shares of Rockwell Automation by 42.6% in the third quarter. Oakbrook Investments LLC now owns 11,625 shares of the industrial products company’s stock valued at $2,072,000 after buying an additional 3,475 shares in the last quarter. 73.04% of the stock is owned by institutional investors.
Several research firms recently weighed in on ROK. cut shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a research note on Thursday, November 2nd. J P Morgan Chase & Co started coverage on shares of Rockwell Automation in a research note on Wednesday, November 29th. They issued a “neutral” rating for the company. Wolfe Research raised shares of Rockwell Automation from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Oppenheimer reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Monday, November 20th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $198.00 price objective on shares of Rockwell Automation in a research report on Monday. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. Rockwell Automation presently has an average rating of “Hold” and a consensus price target of $167.87.
Rockwell Automation, Inc. (NYSE:ROK) traded down $0.69 on Monday, hitting $192.17. The stock had a trading volume of 170,528 shares, compared to its average volume of 877,575. Rockwell Automation, Inc. has a 12 month low of $133.61 and a 12 month 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. The firm has a market capitalization of $24,783.07, a P/E ratio of 28.57, a P/E/G ratio of 2.16 and a beta of 1.23.
Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.03). The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.52 EPS. sell-side analysts expect that Rockwell Automation, Inc. will post 7.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be paid 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 yield of 1.74%. Rockwell Automation’s payout ratio is presently 52.68%.
In other news, Director Lawrence D. Kingsley purchased 600 shares of Rockwell Automation stock in a transaction dated Friday, September 22nd. The shares were bought at an average cost of $103.20 per share, for a total transaction of $61,920.00. Following the completion of the acquisition, the director now owns 5,421 shares in the company, valued at approximately $559,447.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lawrence D. Kingsley purchased 365 shares of Rockwell Automation stock in a transaction dated Thursday, September 28th. The shares were purchased at an average price of $99.77 per share, for a total transaction of $36,416.05. Following the completion of the acquisition, the director now owns 5,421 shares of the company’s stock, valued at approximately $540,853.17. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 1,340 shares of company stock valued at $137,336 and have sold 18,025 shares valued at $3,285,650. 1.65% of the stock is currently owned by insiders.
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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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