Advisor Partners LLC Boosts Stake in Rockwell Automation, Inc. (NYSE:ROK)

Advisor Partners LLC raised its stake in Rockwell Automation, Inc. (NYSE:ROK) by 0.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,567 shares of the industrial products company’s stock after buying an additional 8 shares during the period. Advisor Partners LLC’s holdings in Rockwell Automation were worth $416,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ROK. BlackRock Inc. boosted its stake in shares of Rockwell Automation by 3,186.3% in the first quarter. BlackRock Inc. now owns 9,018,663 shares of the industrial products company’s stock valued at $1,404,295,000 after buying an additional 8,744,232 shares during the period. Vanguard Group Inc. boosted its stake in shares of Rockwell Automation by 3.3% in the first quarter. Vanguard Group Inc. now owns 8,501,207 shares of the industrial products company’s stock valued at $1,323,724,000 after buying an additional 270,023 shares during the period. State Street Corp boosted its stake in shares of Rockwell Automation by 1.3% in the first quarter. State Street Corp now owns 5,749,538 shares of the industrial products company’s stock valued at $895,260,000 after buying an additional 76,191 shares during the period. Geode Capital Management LLC boosted its stake in shares of Rockwell Automation by 11.4% in the first quarter. Geode Capital Management LLC now owns 1,406,332 shares of the industrial products company’s stock valued at $218,703,000 after buying an additional 143,507 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Rockwell Automation by 231.2% in the first quarter. JPMorgan Chase & Co. now owns 1,377,769 shares of the industrial products company’s stock valued at $214,532,000 after buying an additional 961,760 shares during the period. Hedge funds and other institutional investors own 73.38% of the company’s stock.

Rockwell Automation, Inc. (ROK) opened at 165.64 on Thursday. The stock has a market cap of $21.52 billion, a PE ratio of 26.71 and a beta of 1.17. The firm’s 50-day moving average price is $163.93 and its 200 day moving average price is $157.12. Rockwell Automation, Inc. has a 1-year low of $111.52 and a 1-year high of $167.97.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.12. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business earned $1.55 earnings per share. The company’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts expect that Rockwell Automation, Inc. will post $6.75 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Automation’s dividend payout ratio (DPR) is currently 49.03%.

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ROK has been the topic of several research reports. Stifel Nicolaus reiterated a “hold” rating and issued a $167.00 price target on shares of Rockwell Automation in a research report on Wednesday, July 19th. BidaskClub cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Cowen and Company boosted their price target on shares of Rockwell Automation from $125.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, July 6th. Morgan Stanley boosted their price target on shares of Rockwell Automation from $153.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $155.00 price target on shares of Rockwell Automation in a research report on Thursday, April 27th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $152.33.

In other Rockwell Automation news, SVP Frank C. Kulaszewicz sold 8,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $165.74, for a total transaction of $1,325,920.00. Following the transaction, the senior vice president now owns 33,195 shares in the company, valued at $5,501,739.30. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director William T. Jr/Wi Mccormick sold 432 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $158.07, for a total value of $68,286.24. Following the transaction, the director now owns 9,109 shares in the company, valued at approximately $1,439,859.63. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,257 shares of company stock worth $18,686,369. Company 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.

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

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