JPMorgan Chase & Co. reduced its stake in Rockwell Automation, Inc. (NYSE:ROK) by 60.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,088 shares of the company’s stock after selling 119,138 shares during the period. JPMorgan Chase & Co. owned approximately 0.06% of Rockwell Automation worth $9,554,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Tredje AP fonden increased its stake in Rockwell Automation by 262.5% in the second quarter. Tredje AP fonden now owns 870 shares of the company’s stock valued at $100,000 after buying an additional 630 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in Rockwell Automation by 0.5% in the second quarter. Checchi Capital Advisers LLC now owns 938 shares of the company’s stock valued at $108,000 after buying an additional 5 shares during the last quarter. Johnson Financial Group Inc. increased its stake in Rockwell Automation by 1,818.4% in the second quarter. Johnson Financial Group Inc. now owns 940 shares of the company’s stock valued at $108,000 after buying an additional 891 shares during the last quarter. Penserra Capital Management LLC increased its stake in Rockwell Automation by 95.4% in the third quarter. Penserra Capital Management LLC now owns 1,225 shares of the company’s stock valued at $149,000 after buying an additional 598 shares during the last quarter. Finally, NEXT Financial Group Inc increased its stake in Rockwell Automation by 34.5% in the third quarter. NEXT Financial Group Inc now owns 1,309 shares of the company’s stock valued at $160,000 after buying an additional 336 shares during the last quarter. 71.96% of the stock is owned by institutional investors and hedge funds.

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

Shares of Rockwell Automation, Inc. (NYSE:ROK) traded down 0.42% during midday trading on Wednesday, hitting $137.96. The company had a trading volume of 850,964 shares. Rockwell Automation, Inc. has a 12-month low of $87.53 and a 12-month high of $139.64. The firm’s 50-day moving average is $134.96 and its 200-day moving average is $121.90. The firm has a market capitalization of $17.69 billion, a P/E ratio of 24.81 and a beta of 1.07.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Monday, November 7th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business earned $1.57 earnings per share. The company’s revenue was down 4.3% compared to the same quarter last year. On average, analysts predict that Rockwell Automation, Inc. will post $6.06 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 12th. Shareholders of record on Monday, November 14th were issued a dividend of $0.76 per share. The ex-dividend date was Wednesday, November 9th. This represents a $3.04 dividend on an annualized basis and a yield of 2.20%. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.73. Rockwell Automation’s dividend payout ratio (DPR) is 54.58%.

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Several research firms recently weighed in on ROK. Berenberg Bank began coverage on shares of Rockwell Automation in a report on Monday, October 3rd. They issued a “sell” rating and a $110.00 price objective for the company. Morgan Stanley set a $109.00 price target on shares of Rockwell Automation and gave the stock a “sell” rating in a research report on Wednesday, September 28th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Rockwell Automation in a research report on Saturday, November 12th. Stifel Nicolaus reiterated a “hold” rating on shares of Rockwell Automation in a research report on Friday, October 21st. Finally, Sanford C. Bernstein upgraded shares of Rockwell Automation from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $105.00 to $121.00 in a research report on Friday, September 30th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $110.62.

In other Rockwell Automation news, VP Douglas M. Hagerman sold 31,214 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $119.63, for a total transaction of $3,734,130.82. Following the transaction, the vice president now owns 44,991 shares in the company, valued at $5,382,273.33. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Douglas M. Hagerman sold 588 shares of the firm’s stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of $137.38, for a total value of $80,779.44. The disclosure for this sale can be found here. Company insiders own 1.65% of the company’s stock.

About Rockwell Automation

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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