Smith Asset Management Group LP raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 252.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 271,210 shares of the industrial products company’s stock after buying an additional 194,210 shares during the period. Rockwell Automation comprises about 1.3% of Smith Asset Management Group LP’s portfolio, making the stock its 16th largest position. Smith Asset Management Group LP owned about 0.21% of Rockwell Automation worth $43,925,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Keel Point LLC boosted its stake in Rockwell Automation by 0.3% in the first quarter. Keel Point LLC now owns 1,718 shares of the industrial products company’s stock worth $268,000 after buying an additional 5 shares during the last quarter. CWM LLC boosted its stake in Rockwell Automation by 0.3% in the second quarter. CWM LLC now owns 2,125 shares of the industrial products company’s stock worth $344,000 after buying an additional 6 shares during the last quarter. Sfmg LLC boosted its stake in Rockwell Automation by 0.4% in the first quarter. Sfmg LLC now owns 1,788 shares of the industrial products company’s stock worth $278,000 after buying an additional 7 shares during the last quarter. WealthTrust Fairport LLC boosted its stake in Rockwell Automation by 0.5% in the first quarter. WealthTrust Fairport LLC now owns 1,669 shares of the industrial products company’s stock worth $260,000 after buying an additional 8 shares during the last quarter. Finally, Advisor Partners LLC boosted its stake in Rockwell Automation by 0.3% in the second quarter. Advisor Partners LLC now owns 2,567 shares of the industrial products company’s stock worth $416,000 after buying an additional 8 shares during the last quarter. 73.38% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation, Inc. (NYSE ROK) opened at 162.21 on Friday. The firm has a market capitalization of $20.82 billion, a price-to-earnings ratio of 26.16 and a beta of 1.17. Rockwell Automation, Inc. has a 12 month low of $111.52 and a 12 month high of $167.97. The stock’s 50 day moving average is $163.99 and its 200-day moving average is $157.16.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.12. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.55 EPS. Equities analysts anticipate that Rockwell Automation, Inc. will post $6.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Thursday, August 10th. Rockwell Automation’s dividend payout ratio (DPR) is presently 49.03%.

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A number of research firms recently weighed in on ROK. BidaskClub raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Morgan Stanley boosted their price target on shares of Rockwell Automation from $153.00 to $167.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th. Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a research report on Tuesday, July 11th. Wolfe Research initiated coverage on shares of Rockwell Automation in a research report on Tuesday, July 11th. They issued a “peer perform” rating on the stock. Finally, Barclays PLC boosted their price target on shares of Rockwell Automation from $166.00 to $167.00 and gave the company an “overweight” rating in a research report on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $152.33.

In related news, insider Blake D. Moret sold 3,100 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $164.88, for a total transaction of $511,128.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Elik I. Fooks sold 3,000 shares of Rockwell Automation stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $159.04, for a total transaction of $477,120.00. Following the sale, the insider now directly owns 10,799 shares in the company, valued at $1,717,472.96. The disclosure for this sale can be found here. Insiders have sold a total of 115,257 shares of company stock worth $18,686,369 over the last ninety days. 1.65% of the stock is currently owned by insiders.

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.

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

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