Wafra Investment Advisory Group Inc. NY increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 391.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 149,945 shares of the company’s stock after buying an additional 119,415 shares during the period. Rockwell Automation comprises 1.4% of Wafra Investment Advisory Group Inc. NY’s portfolio, making the stock its 17th largest position. Wafra Investment Advisory Group Inc. NY owned 0.12% of Rockwell Automation worth $18,344,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can increased its position in Rockwell Automation by 33.9% in the third quarter. Bank of Montreal Can now owns 352,527 shares of the company’s stock worth $43,129,000 after buying an additional 89,336 shares during the period. Aberdeen Asset Management PLC UK increased its position in Rockwell Automation by 2.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 391,884 shares of the company’s stock worth $44,996,000 after buying an additional 8,907 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Rockwell Automation by 92.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 271,450 shares of the company’s stock worth $31,168,000 after buying an additional 130,546 shares during the period. Associated Banc Corp increased its position in Rockwell Automation by 4.5% in the second quarter. Associated Banc Corp now owns 2,874 shares of the company’s stock worth $330,000 after buying an additional 123 shares during the period. Finally, PGGM Investments increased its position in Rockwell Automation by 67.3% in the second quarter. PGGM Investments now owns 716,358 shares of the company’s stock worth $82,252,000 after buying an additional 288,050 shares during the period. 71.96% of the stock is owned by institutional investors and hedge funds.

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

Rockwell Automation, Inc. (NYSE:ROK) traded down 0.33% during trading on Monday, hitting $134.40. The company’s stock had a trading volume of 436,079 shares. The firm has a market cap of $17.23 billion, a P/E ratio of 24.17 and a beta of 1.07. Rockwell Automation, Inc. has a 12 month low of $87.53 and a 12 month high of $139.64. The firm has a 50 day moving average of $134.68 and a 200 day moving average of $121.61.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Monday, November 7th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.03. Rockwell Automation had a return on equity of 36.34% and a net margin of 12.41%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the firm posted $1.57 EPS. The company’s revenue was down 4.3% compared to the same quarter last year. Equities research analysts predict that Rockwell Automation, Inc. will post $6.06 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 12th. Shareholders of record on Monday, November 14th were issued a $0.76 dividend. The ex-dividend date was Wednesday, November 9th. This represents a $3.04 annualized dividend and a dividend yield of 2.26%. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.73. Rockwell Automation’s dividend payout ratio (DPR) is presently 54.58%.

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Several brokerages have commented on ROK. Zacks Investment Research downgraded Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Morgan Stanley set a $109.00 target price on Rockwell Automation and gave the stock a “sell” rating in a research note on Wednesday, September 28th. HSBC began coverage on Rockwell Automation in a research note on Friday, October 7th. They set a “hold” rating and a $108.00 target price for the company. Stifel Nicolaus reissued a “hold” rating on shares of Rockwell Automation in a research note on Friday, October 21st. Finally, Barclays PLC raised Rockwell Automation from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $118.00 to $141.00 in a research note on Monday, October 24th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $110.62.

In related news, insider John P. Mcdermott sold 418 shares of the firm’s stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $136.02, for a total transaction of $56,856.36. Following the transaction, the insider now directly owns 37,147 shares of the company’s stock, valued at approximately $5,052,734.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William T. Jr/Wi Mccormick sold 455 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $132.68, for a total value of $60,369.40. Following the transaction, the director now directly owns 10,822 shares in the company, valued at $1,435,862.96. The disclosure for this sale can be found here. 1.65% of the stock is owned by company insiders.

Rockwell Automation Company Profile

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.

5 Day Chart for NYSE:ROK

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