Stephens Inc. AR Has $807,000 Position in Rockwell Automation, Inc. (NYSE:ROK)

Stephens Inc. AR lowered its position in shares of Rockwell Automation, Inc. (NYSE:ROKGet Rating) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,751 shares of the industrial products company’s stock after selling 109 shares during the quarter. Stephens Inc. AR’s holdings in Rockwell Automation were worth $807,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ROK. Vanguard Group Inc. boosted its position in shares of Rockwell Automation by 0.9% during the first quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock worth $3,212,750,000 after buying an additional 106,641 shares during the period. JPMorgan Chase & Co. boosted its position in Rockwell Automation by 13.9% during the second quarter. JPMorgan Chase & Co. now owns 2,364,908 shares of the industrial products company’s stock valued at $471,350,000 after purchasing an additional 288,808 shares during the last quarter. Amundi lifted its position in shares of Rockwell Automation by 70.1% in the second quarter. Amundi now owns 1,941,741 shares of the industrial products company’s stock valued at $387,703,000 after buying an additional 800,290 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Rockwell Automation by 3.3% in the second quarter. Lazard Asset Management LLC now owns 1,181,718 shares of the industrial products company’s stock valued at $235,527,000 after buying an additional 37,515 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Rockwell Automation by 2.5% during the second quarter. Goldman Sachs Group Inc. now owns 1,082,189 shares of the industrial products company’s stock worth $215,691,000 after purchasing an additional 26,780 shares during the period. Institutional investors own 77.66% of the company’s stock.

Insider Buying and Selling

In related news, SVP Frank C. Kulaszewicz sold 291 shares of Rockwell Automation stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $264.40, for a total transaction of $76,940.40. Following the completion of the transaction, the senior vice president now directly owns 14,885 shares of the company’s stock, valued at approximately $3,935,594. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Rockwell Automation news, SVP Frank C. Kulaszewicz sold 291 shares of the business’s 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 sale, the senior vice president now directly owns 14,885 shares of the company’s stock, valued at approximately $3,935,594. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Blake D. Moret sold 1,183 shares of the business’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $258.55, for a total transaction of $305,864.65. Following the completion of the sale, the chief executive officer now directly owns 67,580 shares of the company’s stock, valued at $17,472,809. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,304 shares of company stock valued at $3,410,562. Company insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ROK shares. Citigroup raised their price objective on Rockwell Automation from $265.00 to $297.00 and gave the stock a “buy” rating in a research note on Friday, December 9th. JPMorgan Chase & Co. lifted their price objective on Rockwell Automation from $180.00 to $195.00 and gave the stock an “underweight” rating in a research report on Friday, November 4th. Oppenheimer lifted their price objective on Rockwell Automation from $260.00 to $278.00 and gave the stock an “outperform” rating in a research report on Thursday, November 17th. Wells Fargo & Company boosted their target price on Rockwell Automation from $233.00 to $249.00 and gave the company an “underweight” rating in a research report on Thursday. Finally, Robert W. Baird boosted their target price on Rockwell Automation from $250.00 to $265.00 and gave the company an “outperform” rating in a research report on Thursday, November 17th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $244.88.

Rockwell Automation Trading Up 1.8 %

Shares of Rockwell Automation stock opened at $270.00 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.01 and a quick ratio of 0.72. Rockwell Automation, Inc. has a 1-year low of $190.08 and a 1-year high of $320.23. The company’s fifty day simple moving average is $264.22 and its 200-day simple moving average is $245.95. The stock has a market capitalization of $31.01 billion, a PE ratio of 33.88, a P/E/G ratio of 3.14 and a beta of 1.44.

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

Rockwell Automation Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Monday, November 14th were issued a $1.18 dividend. The ex-dividend date was Thursday, November 10th. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.12. This represents a $4.72 dividend on an annualized basis and a dividend yield of 1.75%. Rockwell Automation’s payout ratio is 59.22%.

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.

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

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