Robeco Institutional Asset Management B.V. Sells 31,764 Shares of Rockwell Automation (NYSE:ROK)

Robeco Institutional Asset Management B.V. lessened its holdings in Rockwell Automation (NYSE:ROK) by 16.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,374 shares of the industrial products company’s stock after selling 31,764 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.13% of Rockwell Automation worth $26,110,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Commonwealth Bank of Australia raised its position in Rockwell Automation by 0.5% during the first quarter. Commonwealth Bank of Australia now owns 12,238 shares of the industrial products company’s stock worth $2,141,000 after acquiring an additional 60 shares in the last quarter. Cooper Financial Group raised its position in Rockwell Automation by 2.2% during the second quarter. Cooper Financial Group now owns 3,007 shares of the industrial products company’s stock worth $493,000 after acquiring an additional 64 shares in the last quarter. O Shares Investment Advisers LLC raised its position in Rockwell Automation by 1.4% during the first quarter. O Shares Investment Advisers LLC now owns 4,853 shares of the industrial products company’s stock worth $852,000 after acquiring an additional 65 shares in the last quarter. Page Arthur B raised its position in Rockwell Automation by 0.5% during the first quarter. Page Arthur B now owns 13,274 shares of the industrial products company’s stock worth $2,328,000 after acquiring an additional 67 shares in the last quarter. Finally, Avitas Wealth Management LLC raised its position in Rockwell Automation by 0.4% during the first quarter. Avitas Wealth Management LLC now owns 17,802 shares of the industrial products company’s stock worth $3,124,000 after acquiring an additional 78 shares in the last quarter. 74.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:ROK traded down $1.96 on Friday, hitting $153.80. The company had a trading volume of 1,118,667 shares, compared to its average volume of 1,145,245. Rockwell Automation has a 1-year low of $141.46 and a 1-year high of $198.23. The company has a market cap of $18.00 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 2.38 and a beta of 1.40. The stock’s 50 day moving average is $160.90. The company has a current ratio of 1.51, a quick ratio of 1.17 and a debt-to-equity ratio of 1.68.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Thursday, July 25th. The industrial products company reported $2.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.29 by $0.11. Rockwell Automation had a net margin of 15.44% and a return on equity of 78.71%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the company posted $2.16 earnings per share. Rockwell Automation’s revenue was down 2.0% compared to the same quarter last year. On average, equities analysts predict that Rockwell Automation will post 8.64 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $3.88 annualized dividend and a dividend yield of 2.52%. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.84%.

In related news, SVP Michael Laszkiewicz sold 263 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $159.38, for a total value of $41,916.94. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John M. Miller sold 3,250 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $163.67, for a total transaction of $531,927.50. The disclosure for this sale can be found here. Insiders sold 3,810 shares of company stock worth $621,819 over the last 90 days. 1.43% of the stock is currently owned by corporate insiders.

ROK has been the topic of several analyst reports. Citigroup dropped their price target on shares of Rockwell Automation from $184.00 to $181.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. BMO Capital Markets decreased their price objective on shares of Rockwell Automation from $223.00 to $214.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Zacks Investment Research upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $168.00 price objective on the stock in a report on Thursday, July 18th. Wells Fargo & Co reiterated a “buy” rating on shares of Rockwell Automation in a report on Friday, July 26th. Finally, Barclays decreased their price objective on shares of Rockwell Automation from $164.00 to $162.00 and set an “equal weight” rating on the stock in a report on Monday, July 1st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $173.33.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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

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