Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC cut its stake in Rockwell Automation, Inc. (NYSE:ROKGet Rating) by 10.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,283 shares of the industrial products company’s stock after selling 152 shares during the period. Park Avenue Securities LLC’s holdings in Rockwell Automation were worth $276,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Rockwell Automation by 0.9% in 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 acquiring an additional 106,641 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Rockwell Automation by 13.9% in the second quarter. JPMorgan Chase & Co. now owns 2,364,908 shares of the industrial products company’s stock worth $471,350,000 after acquiring an additional 288,808 shares during the last quarter. Amundi boosted 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 worth $387,703,000 after acquiring an additional 800,290 shares during the last quarter. Lazard Asset Management LLC raised its holdings in 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 period. Finally, Goldman Sachs Group Inc. raised its holdings in Rockwell Automation by 2.5% in the second quarter. Goldman Sachs Group Inc. now owns 1,082,189 shares of the industrial products company’s stock valued at $215,691,000 after buying an additional 26,780 shares during the period. 77.66% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Stock Up 2.1 %

Shares of ROK stock opened at $275.62 on Tuesday. Rockwell Automation, Inc. has a 12 month low of $190.08 and a 12 month high of $312.66. The firm has a market cap of $31.65 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 3.14 and a beta of 1.44. The stock has a 50 day moving average of $264.39 and a 200-day moving average of $246.78. The company has a quick ratio of 0.72, a current ratio of 1.01 and a debt-to-equity ratio of 0.95.

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

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 12th. Investors of record on Monday, November 14th were paid a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a dividend yield of 1.71%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend was Thursday, November 10th. Rockwell Automation’s dividend payout ratio is presently 59.22%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ROK shares. Credit Suisse Group raised their price target on shares of Rockwell Automation from $241.00 to $243.00 and gave the company a “neutral” rating in a report on Thursday, November 3rd. Oppenheimer raised their price target on shares of Rockwell Automation from $260.00 to $278.00 and gave the company an “outperform” rating in a report on Thursday, November 17th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Rockwell Automation from $231.00 to $239.00 and gave the company a “hold” rating in a report on Thursday, October 13th. Barclays raised their price target on shares of Rockwell Automation from $206.00 to $220.00 and gave the company an “equal weight” rating in a report on Thursday, January 5th. Finally, Robert W. Baird raised their price target on shares of Rockwell Automation from $250.00 to $265.00 and gave the company an “outperform” rating in a report on Thursday, November 17th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and a consensus target price of $244.88.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Veena M. Lakkundi sold 606 shares of the company’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $242.24, for a total value of $146,797.44. Following the sale, the senior vice president now directly owns 1,269 shares in the company, valued at $307,402.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Rockwell Automation news, SVP Frank C. Kulaszewicz sold 291 shares of the company’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $264.40, for a total value of $76,940.40. Following the sale, the senior vice president now directly owns 14,885 shares in the company, valued at $3,935,594. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Veena M. Lakkundi sold 606 shares of the company’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $242.24, for a total value of $146,797.44. Following the completion of the sale, the senior vice president now owns 1,269 shares in the company, valued at $307,402.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,304 shares of company stock worth $3,410,562. 0.64% of the stock is owned by corporate insiders.

About Rockwell Automation

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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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