Rockwell Automation, Inc. (ROK) Position Increased by Piedmont Investment Advisors LLC
Piedmont Investment Advisors LLC boosted its stake in Rockwell Automation, Inc. (NYSE:ROK) by 203.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,337 shares of the industrial products company’s stock after acquiring an additional 9,617 shares during the period. Piedmont Investment Advisors LLC’s holdings in Rockwell Automation were worth $2,555,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in ROK. Old Mutual Global Investors UK Ltd. bought a new stake in Rockwell Automation in the second quarter valued at $126,891,000. Ameriprise Financial Inc. boosted its holdings in Rockwell Automation by 277.7% in the second quarter. Ameriprise Financial Inc. now owns 1,059,003 shares of the industrial products company’s stock valued at $171,517,000 after acquiring an additional 778,633 shares in the last quarter. BlackRock Inc. boosted its holdings in Rockwell Automation by 7.5% in the second quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock valued at $1,570,735,000 after acquiring an additional 679,645 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Rockwell Automation by 741.5% in the second quarter. Voya Investment Management LLC now owns 695,922 shares of the industrial products company’s stock valued at $112,712,000 after acquiring an additional 613,225 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Rockwell Automation by 37.9% in the second quarter. Franklin Resources Inc. now owns 1,156,116 shares of the industrial products company’s stock valued at $187,224,000 after acquiring an additional 317,777 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.
Shares of Rockwell Automation, Inc. (NYSE ROK) traded down $2.01 during trading on Friday, reaching $189.45. The company’s stock had a trading volume of 629,600 shares, compared to its average volume of 872,333. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.80. The stock has a market capitalization of $24,603.17, a price-to-earnings ratio of 28.36, a P/E/G ratio of 2.15 and a beta of 1.23. Rockwell Automation, Inc. has a fifty-two week low of $133.61 and a fifty-two week high of $210.72.
The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 13th were given a $0.835 dividend. This represents a $3.34 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Friday, November 10th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s payout ratio is currently 52.68%.
ROK has been the topic of several recent analyst reports. Wolfe Research upgraded shares of Rockwell Automation from a “market perform” rating to an “outperform” rating in a report on Monday, November 20th. Zacks Investment Research cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Oppenheimer reiterated a “hold” rating on shares of Rockwell Automation in a report on Thursday, November 9th. ValuEngine lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Citigroup reissued a “neutral” rating and set a $187.00 price objective (up previously from $175.00) on shares of Rockwell Automation in a research report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $167.87.
In other news, CFO Patrick P. Goris sold 145 shares of Rockwell Automation stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $192.36, for a total value of $27,892.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Blake D. Moret sold 5,309 shares of Rockwell Automation stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $190.75, for a total value of $1,012,691.75. Following the completion of the transaction, the chief executive officer now directly owns 30,720 shares of the company’s stock, valued at approximately $5,859,840. The disclosure for this sale can be found here. In the last ninety days, insiders bought 1,340 shares of company stock valued at $137,336 and sold 10,770 shares valued at $2,054,871. 1.65% of the stock is 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.
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