Ieq Capital LLC Sells 5,375 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Ieq Capital LLC lowered its stake in shares of Rockwell Automation, Inc. (NYSE:ROKGet Rating) by 46.0% during the third quarter, HoldingsChannel reports. The firm owned 6,322 shares of the industrial products company’s stock after selling 5,375 shares during the quarter. Ieq Capital LLC’s holdings in Rockwell Automation were worth $1,360,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ROK. Markel Corp raised its stake in shares of Rockwell Automation by 1.3% during the 1st quarter. Markel Corp now owns 152,900 shares of the industrial products company’s stock worth $42,816,000 after purchasing an additional 2,000 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Rockwell Automation by 10.3% during the 1st quarter. Sei Investments Co. now owns 57,480 shares of the industrial products company’s stock worth $16,221,000 after acquiring an additional 5,386 shares during the last quarter. Prudential PLC acquired a new position in shares of Rockwell Automation during the 1st quarter worth approximately $642,000. Sequoia Financial Advisors LLC increased its holdings in shares of Rockwell Automation by 3.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,649 shares of the industrial products company’s stock worth $1,021,000 after acquiring an additional 107 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Rockwell Automation by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock worth $3,212,750,000 after acquiring an additional 106,641 shares during the last quarter. Institutional investors own 77.66% of the company’s stock.

Rockwell Automation Stock Performance

NYSE:ROK opened at $277.98 on Wednesday. The stock has a fifty day moving average price of $264.56 and a 200-day moving average price of $247.33. The company has a market cap of $31.92 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 3.20 and a beta of 1.44. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.72 and a current ratio of 1.01. Rockwell Automation, Inc. has a fifty-two week low of $190.08 and a fifty-two week high of $306.92.

Rockwell Automation (NYSE:ROKGet Rating) last released its earnings results on Wednesday, November 2nd. The industrial products company reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.10. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.12 billion. Rockwell Automation had a return on equity of 38.84% and a net margin of 12.01%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.33 EPS. As a group, equities analysts anticipate that Rockwell Automation, Inc. will post 10.68 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 12th. Investors of record on Monday, November 14th were given a dividend of $1.18 per share. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.12. This represents a $4.72 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, November 10th. Rockwell Automation’s dividend payout ratio is currently 59.22%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Rockwell Automation from $231.00 to $239.00 and gave the stock a “hold” rating in a report on Thursday, October 13th. Robert W. Baird boosted their target price on Rockwell Automation from $250.00 to $265.00 and gave the stock an “outperform” rating in a report on Thursday, November 17th. The Goldman Sachs Group boosted their target price on Rockwell Automation from $211.00 to $238.00 and gave the stock a “sell” rating in a report on Thursday, December 15th. Credit Suisse Group upped their price objective on Rockwell Automation from $241.00 to $243.00 and gave the company a “neutral” rating in a report on Thursday, November 3rd. Finally, Morgan Stanley upped their price objective on Rockwell Automation from $269.00 to $284.00 and gave the company an “overweight” rating in a report on Friday, January 6th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $245.63.

Insider Buying and Selling

In related news, VP John M. Miller sold 190 shares of the company’s stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $256.63, for a total transaction of $48,759.70. Following the completion of the sale, the vice president now directly owns 4,761 shares in the company, valued at approximately $1,221,815.43. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, VP John M. Miller sold 190 shares of the company’s stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $256.63, for a total transaction of $48,759.70. Following the completion of the sale, the vice president now directly owns 4,761 shares in the company, valued at approximately $1,221,815.43. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Frank C. Kulaszewicz sold 291 shares of the stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $264.40, for a total value of $76,940.40. Following the completion of the transaction, the senior vice president now owns 14,885 shares of the company’s stock, valued at $3,935,594. The disclosure for this sale can be found here. Insiders sold a total of 13,304 shares of company stock worth $3,410,562 in the last ninety days. 0.64% of the stock is owned by insiders.

Rockwell Automation Company Profile

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Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.

Further Reading

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

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