Rockwell Automation, Inc. (NYSE:ROK) Stake Decreased by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC reduced its position in Rockwell Automation, Inc. (NYSE:ROKFree Report) by 0.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 169,366 shares of the industrial products company’s stock after selling 114 shares during the period. Rockwell Automation accounts for about 2.9% of Waters Parkerson & CO. LLC’s portfolio, making the stock its 9th largest position. Waters Parkerson & CO. LLC owned approximately 0.15% of Rockwell Automation worth $48,417,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Rockwell Automation by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock valued at $3,212,750,000 after buying an additional 106,641 shares in the last quarter. BlackRock Inc. boosted its stake in Rockwell Automation by 1.8% in the 2nd quarter. BlackRock Inc. now owns 9,145,544 shares of the industrial products company’s stock worth $3,013,000,000 after purchasing an additional 162,391 shares in the last quarter. Capital World Investors boosted its stake in Rockwell Automation by 15.1% in the 2nd quarter. Capital World Investors now owns 5,869,190 shares of the industrial products company’s stock worth $1,933,605,000 after purchasing an additional 768,909 shares in the last quarter. State Street Corp boosted its stake in Rockwell Automation by 2.0% in the 2nd quarter. State Street Corp now owns 4,518,655 shares of the industrial products company’s stock worth $1,488,671,000 after purchasing an additional 90,589 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Rockwell Automation by 20.0% in the 4th quarter. Morgan Stanley now owns 2,741,019 shares of the industrial products company’s stock worth $706,004,000 after purchasing an additional 457,383 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Rockwell Automation Stock Performance

Shares of NYSE:ROK traded up $0.57 during trading on Monday, hitting $284.07. 170,599 shares of the stock traded hands, compared to its average volume of 1,050,520. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76. The company has a market cap of $32.55 billion, a price-to-earnings ratio of 26.97, a P/E/G ratio of 2.62 and a beta of 1.42. The company has a fifty day moving average price of $295.26 and a two-hundred day moving average price of $289.65. Rockwell Automation, Inc. has a 52-week low of $252.11 and a 52-week high of $348.52.

Rockwell Automation (NYSE:ROKGet Free Report) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.58). The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. During the same period last year, the firm earned $2.46 earnings per share. As a group, equities analysts predict that Rockwell Automation, Inc. will post 12.42 EPS for the current year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, February 16th. Rockwell Automation’s dividend payout ratio (DPR) is 47.57%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Oppenheimer lowered their target price on shares of Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. Stephens reiterated an “equal weight” rating and issued a $350.00 target price on shares of Rockwell Automation in a research note on Friday, November 3rd. JPMorgan Chase & Co. lowered their target price on shares of Rockwell Automation from $262.00 to $230.00 and set an “underweight” rating for the company in a research note on Friday, February 2nd. Mizuho lowered their target price on shares of Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. Finally, UBS Group upgraded shares of Rockwell Automation from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $305.00 to $360.00 in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $307.92.

Check Out Our Latest Stock Report on ROK

Insider Activity

In other news, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $280.00, for a total transaction of $140,000.00. Following the completion of the transaction, the vice president now directly owns 2,376 shares of the company’s stock, valued at approximately $665,280. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $280.00, for a total transaction of $140,000.00. Following the completion of the transaction, the vice president now directly owns 2,376 shares in the company, valued at $665,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Terry L. Riesterer sold 176 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $279.72, for a total transaction of $49,230.72. Following the transaction, the vice president now owns 2,209 shares of the company’s stock, valued at $617,901.48. The disclosure for this sale can be found here. Insiders sold a total of 10,386 shares of company stock valued at $2,892,850 in the last three months. 0.68% of the stock is currently owned by corporate insiders.

Rockwell Automation Company Profile

(Free Report)

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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