Bessemer Group Inc. decreased its position in Rockwell Automation, Inc. (NYSE:ROK) by 9.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,392 shares of the industrial products company’s stock after selling 260 shares during the period. Bessemer Group Inc.’s holdings in Rockwell Automation were worth $387,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Sit Investment Associates Inc. purchased a new stake in Rockwell Automation during the first quarter worth $10,129,000. Acadian Asset Management LLC bought a new stake in Rockwell Automation during the first quarter worth $569,000. IFC Holdings Incorporated FL increased its stake in Rockwell Automation by 1.6% in the first quarter. IFC Holdings Incorporated FL now owns 2,736 shares of the industrial products company’s stock worth $426,000 after buying an additional 44 shares during the last quarter. Waldron LP increased its stake in Rockwell Automation by 12.7% in the first quarter. Waldron LP now owns 2,543 shares of the industrial products company’s stock worth $395,000 after buying an additional 286 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Rockwell Automation by 2.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,420 shares of the industrial products company’s stock worth $498,000 after buying an additional 97 shares during the last quarter. 73.38% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation, Inc. (ROK) opened at 161.38 on Monday. Rockwell Automation, Inc. has a 1-year low of $111.52 and a 1-year high of $167.97. The company has a market cap of $20.71 billion, a PE ratio of 26.02 and a beta of 1.17. The stock has a 50 day moving average of $164.38 and a 200-day moving average of $157.79.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.12. The business 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 for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $1.55 EPS. On average, equities research analysts predict that Rockwell Automation, Inc. will post $6.75 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.04 annualized dividend and a dividend yield of 1.88%. Rockwell Automation’s dividend payout ratio is 49.03%.

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A number of equities research analysts have weighed in on the company. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Friday. Zacks Investment Research downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub downgraded Rockwell Automation from a “hold” rating to a “sell” rating in a report on Sunday, July 30th. J P Morgan Chase & Co raised Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 price objective on the stock in a report on Thursday, July 27th. Finally, HSBC Holdings plc reaffirmed a “hold” rating and set a $147.00 price objective (up from $134.00) on shares of Rockwell Automation in a report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $152.33.

In related news, insider Blake D. Moret sold 3,100 shares of the 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Sujeet Chand sold 9,500 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $159.72, for a total transaction of $1,517,340.00. Following the sale, the senior vice president now owns 46,873 shares in the company, valued at approximately $7,486,555.56. The disclosure for this sale can be found here. Insiders have sold a total of 86,925 shares of company stock worth $14,201,393 in the last quarter. 1.65% of the stock is currently 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.

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

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