Robeco Institutional Asset Management B.V. increased its stake in Rockwell Automation, Inc. (NYSE:ROK) by 13.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 438,602 shares of the industrial products company’s stock after buying an additional 51,578 shares during the period. Robeco Institutional Asset Management B.V. owned 0.34% of Rockwell Automation worth $71,033,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ROK. Bank of America Corp DE raised its stake in shares of Rockwell Automation by 27.0% in the first quarter. Bank of America Corp DE now owns 1,037,845 shares of the industrial products company’s stock valued at $161,602,000 after buying an additional 220,675 shares during the period. Sit Investment Associates Inc. raised its position in Rockwell Automation by 127.5% in the second quarter. Sit Investment Associates Inc. now owns 147,995 shares of the industrial products company’s stock valued at $23,969,000 after buying an additional 82,945 shares during the last quarter. Suntrust Banks Inc. raised its position in Rockwell Automation by 3.1% in the first quarter. Suntrust Banks Inc. now owns 7,127 shares of the industrial products company’s stock valued at $1,108,000 after buying an additional 216 shares during the last quarter. Columbia Partners L L C Investment Management raised its position in Rockwell Automation by 11.8% in the first quarter. Columbia Partners L L C Investment Management now owns 8,632 shares of the industrial products company’s stock valued at $1,344,000 after buying an additional 912 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Rockwell Automation by 36.3% in the first quarter. Russell Investments Group Ltd. now owns 305,997 shares of the industrial products company’s stock valued at $47,653,000 after buying an additional 81,426 shares during the last quarter. Institutional investors and hedge funds own 73.38% of the company’s stock.

Shares of Rockwell Automation, Inc. (NYSE:ROK) traded down 0.32% during midday trading on Friday, hitting $159.61. 597,010 shares of the company traded hands. The stock has a market capitalization of $20.49 billion, a P/E ratio of 25.74 and a beta of 1.17. The company has a 50-day moving average price of $164.05 and a 200-day moving average price of $158.22. Rockwell Automation, Inc. has a 52 week low of $111.52 and a 52 week high of $167.97.

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

The firm 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 $0.76 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.04 annualized dividend and a yield of 1.90%. Rockwell Automation’s dividend payout ratio (DPR) is 49.03%.

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ROK has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 target price for the company in a report on Tuesday, July 11th. BidaskClub upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Morgan Stanley lifted their target price on shares of Rockwell Automation from $153.00 to $167.00 and gave the company an “equal weight” rating in a report on Friday, April 28th. HSBC Holdings plc reiterated a “hold” rating and set a $147.00 target price (up from $134.00) on shares of Rockwell Automation in a report on Saturday, July 22nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $167.00 target price on shares of Rockwell Automation in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $152.27.

In related news, insider Kenneth M. Champa sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $159.08, for a total value of $795,400.00. Following the completion of the sale, the insider now owns 8,169 shares in the company, valued at approximately $1,299,524.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Sujeet Chand sold 9,500 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $159.72, for a total transaction of $1,517,340.00. Following the completion of the sale, the senior vice president now owns 46,873 shares of the company’s stock, valued at approximately $7,486,555.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,925 shares of company stock valued at $11,971,553. 1.65% of the stock is owned by 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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