American International Group Inc. reduced its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 2.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,672 shares of the company’s stock after selling 1,673 shares during the period. American International Group Inc. owned about 0.05% of Rockwell Automation worth $8,524,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ROK. Checchi Capital Advisers LLC boosted its stake in shares of 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 period. Sigma Planning Corp boosted its stake in shares of Rockwell Automation by 0.3% in the third quarter. Sigma Planning Corp now owns 3,020 shares of the company’s stock valued at $370,000 after buying an additional 8 shares during the period. Sfmg LLC boosted its stake in shares of Rockwell Automation by 0.5% in the second quarter. Sfmg LLC now owns 1,764 shares of the company’s stock valued at $203,000 after buying an additional 9 shares during the period. Park National Corp OH boosted its stake in shares of Rockwell Automation by 0.5% in the third quarter. Park National Corp OH now owns 1,863 shares of the company’s stock valued at $228,000 after buying an additional 10 shares during the period. Finally, Bank of Hawaii boosted its stake in shares of Rockwell Automation by 0.5% in the third quarter. Bank of Hawaii now owns 2,122 shares of the company’s stock valued at $260,000 after buying an additional 10 shares during the period. Institutional investors and hedge funds own 71.96% of the company’s stock.

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

Shares of Rockwell Automation, Inc. (NYSE:ROK) traded down 0.16% during mid-day trading on Thursday, reaching $137.74. The company’s stock had a trading volume of 822,555 shares. The company’s 50-day moving average is $135.10 and its 200 day moving average is $122.01. The firm has a market cap of $17.66 billion, a price-to-earnings ratio of 24.77 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.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Monday, November 7th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. Rockwell Automation had a net margin of 12.41% and a return on equity of 36.34%. The company earned $1.54 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm posted $1.57 EPS. The firm’s revenue was down 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Rockwell Automation, Inc. will post $6.06 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Monday, November 14th were issued a dividend of $0.76 per share. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.73. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Wednesday, November 9th. Rockwell Automation’s payout ratio is currently 54.58%.

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Several research firms have weighed in on ROK. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Rockwell Automation in a research note on Saturday, November 12th. Sanford C. Bernstein restated a “market perform” rating on shares of Rockwell Automation in a research note on Thursday, December 15th. Berenberg Bank began coverage on Rockwell Automation in a research note on Monday, October 3rd. They set a “sell” rating and a $110.00 target price for the company. Citigroup Inc. upped their target price on Rockwell Automation from $118.00 to $122.00 and gave the stock a “neutral” rating in a research note on Monday, October 10th. Finally, Barclays PLC upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $118.00 to $141.00 in a research note on Monday, October 24th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $110.62.

In other news, Director William T. Jr/Wi Mccormick sold 455 shares of Rockwell Automation stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $132.68, for a total transaction of $60,369.40. Following the completion of the sale, the director now directly owns 10,822 shares of the company’s stock, valued at approximately $1,435,862.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith D. Nosbusch sold 50,000 shares of Rockwell Automation stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $132.55, for a total transaction of $6,627,500.00. Following the sale, the director now directly owns 389,896 shares of the company’s stock, valued at $51,680,714.80. The disclosure for this sale can be found here. Insiders own 1.65% of the company’s stock.

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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