DekaBank Deutsche Girozentrale Grows Stake in Rockwell Automation (NYSE:ROK)

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DekaBank Deutsche Girozentrale increased its holdings in shares of Rockwell Automation (NYSE:ROK) by 117.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 425,756 shares of the industrial products company’s stock after acquiring an additional 230,298 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Rockwell Automation were worth $69,098,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Commonwealth Bank of Australia grew its position in shares of 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 purchasing an additional 60 shares in the last quarter. Cooper Financial Group grew its holdings in Rockwell Automation by 2.2% during the 2nd quarter. Cooper Financial Group now owns 3,007 shares of the industrial products company’s stock valued at $493,000 after buying an additional 64 shares in the last quarter. Portland Global Advisors LLC grew its holdings in Rockwell Automation by 0.3% during the 2nd quarter. Portland Global Advisors LLC now owns 19,964 shares of the industrial products company’s stock valued at $3,271,000 after buying an additional 64 shares in the last quarter. O Shares Investment Advisers LLC grew its holdings in Rockwell Automation by 1.4% during the 1st quarter. O Shares Investment Advisers LLC now owns 4,853 shares of the industrial products company’s stock valued at $852,000 after buying an additional 65 shares in the last quarter. Finally, Page Arthur B grew its holdings in Rockwell Automation by 0.5% during the 1st quarter. Page Arthur B now owns 13,274 shares of the industrial products company’s stock valued at $2,328,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 77.00% of the company’s stock.

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

Several equities analysts have weighed in on ROK shares. Morgan Stanley cut their price target on Rockwell Automation from $159.00 to $144.00 and set an “underweight” rating for the company in a report on Friday, June 14th. BMO Capital Markets cut their price target on Rockwell Automation from $223.00 to $214.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Barclays dropped their target price on Rockwell Automation from $164.00 to $162.00 and set an “equal weight” rating for the company in a report on Monday, July 1st. Citigroup dropped their target price on Rockwell Automation from $184.00 to $181.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Rockwell Automation in a report on Friday, July 26th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Rockwell Automation currently has a consensus rating of “Hold” and an average price target of $173.33.

Shares of NYSE ROK opened at $153.04 on Wednesday. The company has a current ratio of 1.51, a quick ratio of 1.17 and a debt-to-equity ratio of 1.68. The firm’s fifty day moving average price is $159.43. The company has a market cap of $17.91 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 2.27 and a beta of 1.40. Rockwell Automation has a twelve month low of $141.46 and a twelve month high of $198.23.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Friday, August 9th. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.84%.

Rockwell Automation 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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